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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTPP Job Claims Earn 4 Pinocchios!
01/30/2015 / Celeste Drake
U.S. workers should beware of promises that the proposed Trans-Pacific Partnership (TPP) will create jobs. When evaluating the recent Obama administration claim that the TPP will create 650,000 jobs, the Washington Posts Fact Checker gave it the lowest possible rating of Four Pinocchiosaka Whopper. Fact Checker editor Glenn Kessler wrote:
Be wary whenever a politician claims a policy will yield bountiful jobs. In this case, the correct number is zero, not 650,000, according to the very study used to calculate this number. Administration officials earn Four Pinocchios for their fishy math.
We agree. After asking the administration for more than four years for information on expected jobs gains from the TPPby industry and geographywe have still not received any information. Given the job performance of prior so-called free trade agreements (FTAs) such as the North American Free Trade Agreement (nearly 700,000 jobs lost) and the U.S.-Korea FTA (60,000 jobs lost), we view any promises about trade and job with extreme skepticism. And so should we all.
Source:
http://www.aflcio.org/Blog/Political-Action-Legislation/TPP-Job-Claims-Earn-4-Pinocchios
think
(11,641 posts)Panich52
(5,829 posts)think
(11,641 posts)woo me with science
(32,139 posts)It's what corporatist politicians do. They LIE.
ucrdem
(15,512 posts)And as long as we're handing out meaningless prizes, I'm going to give this post five Pinocchios. Congrats.
think
(11,641 posts)One of the authors of the book the jobs claim relies on says they are using his data wrong:
By Glenn Kessler January 30 at 3:00 AM
~Snip~
The Peterson Institute in 2012 published a book titled The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment, by Peter A. Petri, Michael G. Plummer and Fan Zhai. The book does include an estimate that, by 2025, the United States would experience a gain of $77.5 billion in income from TPP, as well as a $124 billion increase in exports. (More on those numbers, which are expressed in 2007 dollars, below.) But nowhere in the book does it says 650,000 jobs would be created.
Asked about the statistic on 650,000 jobs, the White House referred us to the Office of the U.S. Trade Representative. USTR spokesman Matthew McAlvanah directed us to page 58 of the book. They do not provide an estimate on jobs, he acknowledged. However they do provide a methodology that one could use.
Essentially, the book suggests that an income gain of $121,000 would be roughly equivalent to creating an extra job. So the Obama administration took the figure of $77.5 billion and divided it by $121,000, which yields 640,000. Rounded up, that becomes 650,000.
Theres just one problem: Petri says this is the incorrect way to use his research, especially when officials such as Kerry combine the jobs figure in the same sentence as the income prediction: The TPP could provide $77 billion a year in real income and support 650,000 new jobs in the US alone....
~Snip~
Full article:
http://www.washingtonpost.com/blogs/fact-checker/wp/2015/01/30/the-obama-administrations-illusionary-job-gains-from-the-trans-pacific-partnership/
Response to think (Reply #6)
Post removed
ucrdem
(15,512 posts)think
(11,641 posts)1StrongBlackMan
(31,849 posts)MannyGoldstein
(34,589 posts)That it's OK for people to be called those things because they disagree with a President that (charitably) characterizes himself as championing the policies of a 1980's Republican.
And if you are shocked to hear that this has happened, and need some examples, just ask - I'll provide them.
1StrongBlackMan
(31,849 posts)that the racist attributions are not made in isolation. And those directed towards you ... well ... with your constant bringing it up, where it hasn't been mentioned ... you are making a strong case that it might apply to you.
MannyGoldstein
(34,589 posts)1StrongBlackMan
(31,849 posts)I'm surprised the vote was that close!
Your well established fan base, where you can do no wrong, must be losing it's grip!
But, as to you and my comment, again ... the racist attribution was not made in isolation and your comment (whining that disagreeing with President Obama's policy will get one called a racist) above does not help your case ... you sir, have a history.
And I suspect that should HRC attain the Democratic nomination for 2016, you will find women openly questioning whether you are, or maybe even calling, sexist.
Here's some friendly DU-love advice:
When more than a few people that, on a daily basis experience an "ism", and/or, recognize the prevalence of an "ism", begin questioning whether you are an "ist" ... even the ignorant, but caring person, pauses to self-reflect.
But I expect this will fall on deaf ears and no such action on your part will be taken because you are self-convinced that there is no way you are that "ist" ... despite, the numerous examples that are pointed out to you.
{And before you post the Manny-obligatory, demand for proof of examples ... must we, really, do the "'any Goyim' thread - Manny Fans Ride to the Defense - Manny Apology posted - Most Manny Fans Disappear - Manny Does a 'What? Me?' and Denies the existence of the "any Goyim OP - Manny Fans Re-appear - 'any Goyim' OP and the 'Manny Apology' Posted - Manny Fans Re-disappear - Manny Disappears" dance again?}
zappaman
(20,606 posts)The act is tiresome.
ucrdem
(15,512 posts)Even according to Petri, the Peterson guy whose book is cited. Here's what he actually says, per WaPo:
In other words, job gains, estimated at 650,00 by two different methods, would far outstrip job losses.
MannyGoldstein
(34,589 posts)except for, uh, all of them.
Skittles
(153,169 posts)also do NOT tell the naked truth or your posts will be hidden as a shit-stirer
ND-Dem
(4,571 posts)devoted to cutting social security, medicare, and every other similar program?
we should hang him instead.
ND-Dem
(4,571 posts)security and lots of other crap.
Yeah, good ole Petey Peterson.
The institute chairman is Peter G. Peterson, former chairman of the Council on Foreign Relations, former United States Secretary of Commerce, and one of the founders of the Blackstone Group
http://en.wikipedia.org/wiki/Peterson_Institute_for_International_Economics
http://en.wikipedia.org/wiki/Peter_George_Peterson
Move over, George Soros and the Koch brothers. The Los Angeles Times has dubbed Peterson "the most influential billionaire business figure in national politics. . . . He isn't content merely to express concern about the federal deficit. His particular targets are Social Security, Medicare and Medicaid, which he calls 'entitlement' programs and which he wants to cut back in a manner that would strike deeply at the middle class."
http://www.sourcewatch.org/index.php?title=Peter_Peterson
think
(11,641 posts)meow2u3
(24,764 posts)Populist_Prole
(5,364 posts)They must really believe there is yet a large bloc of votes to be had in people who were either not paying attention, or were born last week.
And they all ignored the net effects by studiously ignoring how the exponentially imports will far outstrip any exports gained. Hell, my bank account would look fabulous if recorded only the deposits and never the debits.
F*cking insidious plutocrat bastards and their sock-puppets.
Dont call me Shirley
(10,998 posts)woo me with science
(32,139 posts)woo me with science
(32,139 posts)woo me with science
(32,139 posts)kentuck
(111,103 posts)it's the pay of the jobs that are left. If wages continue to decline, how can that be good?