Decades of record immigration have produced lower wages and higher unemployment for our citizens, especially for African-American and Latino workers. We are going to have an immigration system that works, but one that works for the American people.

The shipping sector is one of the major examples of the loss our nation had to bear. India was a global maritime power for a very long time. We were the biggest shipbuilding centre in the world... We used India-made ships just 50 years ago.

As with our military potential, our economic assets are more than equal to the task. Our independent farmers produce an abundance of food and fibre. Our free workers are versatile, intelligent, and hardworking. Our businessmen are imaginative and resourceful. The productivity, the adaptability of the American economy is the solid foundation-stone of our security structure.

The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country. Utterly insane and destructive. It gives handouts to industries of the past, while severely damaging industries of the future.

I'm sorry, but I just can't stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.

You're going to have some very amazing capabilities in the economy. When we have computers that can do more and more jobs, it's going to change how we think about work. There's no way around that. You can't wish it away.