By Brandon Hall
(Email him at WestMiPolitics@Gmail.com)
Hillary Clinton's claim she will create over 300,000 jobs for Michigan is under fire for phony projections.According to a great piece by Todd Spangler of the Detroit Free Press:
"Hillary Clinton didn’t lay out the number
specifically in her speech in Warren on Thursday but her campaign has
been saying her economic plan could create some 320,000 new jobs in
Michigan.
That is based on some questionable assumptions...
That is based on some questionable assumptions...
although
Zandi’s estimate is based on a rigorous look at Clinton’s suggestions
for tax increases on wealthier Americans, increased government spending
on roads and bridges and other reforms, Clinton’s prediction for
Michigan simply takes that 10.4 million job number, divides it by
Michigan’s share of the U.S. population and — voila! — comes up with
320,000...
But
as anyone who lived in Michigan in 2001-09 (when President Barack Obama
took office) remembers, national trends don’t always perform the same
in Michigan, with its singular reliance on the domestic auto industry.
During
that period, the national economy added more than 1.3 million nonfarm
jobs. Had Michigan gotten its share, its job rolls would have grown by
about 48,000 jobs — instead of dropping, as they did, by nearly 700,000
jobs.
“No,
there’s no reason to believe growth would spread itself across the
country in proportion with the population,” said Robertson Williams, a
senior advisor at the Tax Policy Center in Washington, D.C. “It will
happen more in some places and less in others.”
That’s
not to say that Clinton’s estimates are unusual: Campaigns,
special-interest groups and even the White House often put out estimates
about investment or job growth at the state-by-state level that follow
similar patterns and don’t necessarily look more deeply into local
circumstances.
...one
of the main reasons for his upbeat analysis of Clinton’s plan – which
is far better than that, say, by the Washington, D.C.-based Tax
Foundation, which suggested it could reduce gross domestic product by 1%
over a decade – is her embrace of immigration reform and the workers
such a reform could add to the American economy.
Increasing
legal immigration and opening a path to citizenship for millions of
undocumented workers already in the U.S. could be a boon to labor
markets, said Zandi, though that would likely be felt more in states
like Florida, California and Texas than in northern states like
Michigan."
__________________________________________________________________
Brandon Hall is a lifelong political nerd from Grand Haven, and is the Managing Editor of West Michigan Politics.
>>>Email him at WestMiPolitics@Gmail.com
 |
| Photo By Darlene Dowling Thompson |
Today's progressives (regressives) have been taught in our universities that words have the power to create reality. Utter some warm and toasty words, get someone to agree with you and voila, you have created a new reality. You don't have to worry about your reality failing to materialize in the future, after all, everyone knows the past has no bearing on the present and the present will have no bearing on the future. You're good to go.
ReplyDeleteSome what shocked that the Freep actually conducted a news article with facts in it. Strange. How did it slip through?
ReplyDelete