How would amnesty for illegal immigrants impact economy?

Report: President mulls amnesty for millions of illegals

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REPORT: PRESIDENT MAY GRANT AMNESTY TO MILLIONS OF ILLEGALS SPARKING FIERCE DEBATE

TRACY BYRNES: There are already so many legal Americans out of work and if we are just going to give these people a free pass it's crazy. I can't believe there aren't more people protesting. To have these people come in and take the jobs that our legal Americans should be getting hurts the system all together.

JOHN LAYFIELD: I don't think it's going to hurt the job market that much, I think most illegals here are working in some capacity. A work permit isn't going to upgrade their job to something that is going to take an Americans job. And if it is... than competition is something that is a good thing. I think Obama will do this.

GARY B.: I think it will take jobs from Americans. There is no job out there whether its maintenance workers, taxi cab driver or janitors, jobs you think would be majority immigrant -- in every one of those jobs the majority of those jobs are held by native born Americans. If you throw in these 5 million immigrants, normally those are the kind of people paid the very least and sometimes often below minimum wage -- simple economics has to say if you now have 5 million more people competing for these same jobs they are going to throw out the higher paid native born Americans. Economics says it's going to impact the American worker.

JONAS FERRIS: Employers can hire an illegal immigrant and pay less because they aren't paying taxes, but now if you make them sort of legal with a work permit -they have to pay taxes than you have to pay them hire wages to cover higher taxes. All of a sudden you can compete with that job. I think it may help in some instances.

CHUCK ROCHA: This issue is backed by the Chamber of Commerce, religious groups and labor unions. There is nothing that happens in this town that is backed by that kind of coalition if it isn't good. And the Chamber of Commerce wouldn't be for it if it wasn't good for business.

GARY B.: Of course business is for it- they now have a greater pool to choose from. Who is representing the non-unionized worker out there?

UK RAISES TERROR ALERT LEVEL AMID FEARS AN ISIS ATTACK IS HIGHLY LIKELY

JOHN LAYFIELD: I think they need to do a better job, people can change passwords and identity- but they can do a better job. This is illegal behavior; this is like child porn a picture of a crime scene or murder. These are recruiting tools!

GARY B.: I agree the terrorist's messages are horrible, but there are a lot of filthy things on the Internet. It's not Twitter's job to be the enforcer -- we have free speech. I think it's actually brought a lot more people together to see that it is pure evil and to act against it.

JONAS FERRIS: This is a tough call. On one hand, you want to see the bad to turn everyone against them but you don't want to give them free propaganda. If we had pictures of war camps in Germany maybe the rest of the world would have earlier realized how dangerous Hitler was.

TRACY BYRNES: Twitter is a corporation it is not the government and it can do whatever it wants. They are using this as a recruiting tool here in the US. All they have to do is put a bunch of key words out there to block anybody who posts anything that says stuff like this. We don't want this world spread - we don't want them making an impression on the young kids' minds here. I say block as much as you can!

CHUCK ROCHA: Part of me says let's use Twitter and social media to track them down to where they are sitting on their computer so we can drop a bomb on their head. The other side of me thinks if the government is going to come in - who is to say what and what if is a terrorists. At the end of the day I think we can use social media to track down these guys and have more infiltration to blow them up.

S&P HITS NEW HIGH DESPITE CONCERNS CONSUMERS ARE PULLING BACK ON SPENDING

GARY B.: I think there are 4 factors. Stocks are the best athlete because bond yields are low, the fed still isn't tightening, the economy is slowly improving and the last is that there still isn't a lot of bulls out there we are still climbing this wall.

TRACY BYRNES: The volume has been anemic for a long time; Main Street is not in this market. Wages haven't gone up in a very long time and prices are- commodity prices are through the roof.

JONAS FERRIS: That pain you feel at the BBQ on Labor Day weekend that is going into the pockets of some companies. I don't think we have ever had a record in the stock market without record consumer prices at the same time. The two have a relationship. That is the sign that they can raise prices.

JOHN LAYFIELD: This is a Fed driven market. Since 2000 wages have not gone up. Obama has continued on the same polices that have destroyed the middle class and that have helped the one percent.

CHUCK ROCHA: We are systematically watching the devise of our middle class and we have for the last few decades because we have outsourced our middle class jobs and become a service based economy. The regular working folks don't have anyone speaking for them. Who is speaking for the average everyday American? That is the basic problem with our government.

PREDICTIONS

GARY B.: Tekmira taking on cure for Ebola

JOHN LAYFIELD: CVS sees a healthy profit!

JONAS FERRIS: Nike!