International Trade Commission Report Validates that Trans Pacific Partnership Is Not Worth Passing
“This report validates that the Trans-Pacific Partnership (TPP) is not worth passing. In the past, similar reports have proven to widely underestimate the negative impact of trade agreements on American workers and the economy. This report as mandated by law indicates the TPP will produce almost no benefits, but inflict real harm on so many workers.
“Because of this history, average Americans know that economic projections based on rosy scenarios always end up the same. They pay the price with lost jobs, stagnating or declining wages and rising income inequality as Wall Street profits.
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“The report also estimates that the trade deficit would increase by $21.7 billion because of the TPP. America cannot afford another trade agreement that adds to our unacceptably high and unsustainable trade deficit.
“Real income is expected to increase, but only by less than one-quarter of one percent in 2032. That amounts to little more than a rounding error in the 15th year after the agreement is in effect. In addition, every study done in the past on the effects of trade agreements has dramatically underestimated the negative impact that has occurred once agreements have been in place.
http://m.usw.org/news/media-center/articles/2016/international-trade-commission-report-validates-that-trans-pacific-partnership-is-not-worth-passing
Obama needs to stop pushing this pile of shit.
