What the President has been saying for quite some time now is that he believes that comprehensive immigration reform is in the best interests oftheeconomyoftheUnitedStatesofAmerica.
There is little dispute, that in 2011, even with the rise ofthe E7 nations the most important economy and hence stock market is still that oftheUnitedStatesofAmerica.
And in terms ofthe debt ceiling, we also believe, as members and leaders of Congress of both parties have said, that it has to be raised because the effect of defaulting on our obligations as theUnitedStatesofAmerica would be calamitous to the domestic economy and to the global economy.