The political left and right have united against the the Trans-Pacific Partnership (TPP), and never mind that yet another analysis of the trade deal indicates it would result in a net benefit to the U.S.
Indeed, on the study by the Washington-based Peterson Institute for International Economics, the TPP “would increase incomes, exports and growth.” And while some jobs would be lost, the study says, they will be offset by export-related positions, which will grow.
President Obama would like to have Congress approve the agreement as part of his legacy, but it’s become a political hot potato since the two presidential candidates who currently lead the polls in both parties oppose it.
Liberalized trade rules have been one of the great economic accomplishments of the postwar era, and the TPP represents yet further progress.
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