The inside scoop on amnesty

Goldman Sachs probably has as much insight as anyone into what's about to issue forth from the President's telephone and pen. I fully expect whatever happens to be a blend of political opportunism, condescension, economic madness, and wishful thinking, so it's not as though I'm likely to be disappointed. I will say, though, that there's one aspect of what's likely to come that makes some sense to me: if we're not going to deport people, which is clearly the case, then it's both monstrous and destructive not to let them work. But soon, no doubt, we'll start worrying about letting them self-exploit, so we can undermine their employment rates for their own good.