>>PEOPLE FROM ACROSS THE POLITICAL SPECTRUM HAVE BEEN
ABLE TO TRACK DOWN A FEW SMALL PROBLEMS WITH TPP, ON THE RIGHT
OR THE LEFT.
NOT EVERYBODY IS HAPPY WITH IT.
BUT AMONGST THOSE
PROBLEMS, THE PROMISE WAS SUPPOSED TO BE THAT YES, IT
MIGHT CAUSE SOME ISSUES WITH PATENTS AND ARBITRATION AND
THINGS LIKE THAT, BUT DON'T WORRY BECAUSE IN THE END IT WILL
LEAD TO RISING GDP AND MORE JOBS FOR EVERYBODY.
APPARENTLY,
ACCORDING TO AN ANALYSIS BY TUFTS UNIVERSITY'S GLOBAL
DEVELOPMENT AND ECONOMIC INSTITUTE AND THE FORMER UNITED
NATIONS ASSISTANT SECRETARY-GENERAL FOR ECONOMIC
DEVELOPMENT, THE NUMBERS THAT WERE USED IN THE MODEL TO SAY
THAT GDP WOULD GO UP ARE BASED IN FANTASYLAND.
ONCE THEY USED MORE
REALISTIC NUMBERS, IT IS ACTUALLY A GIGANTIC JOBS KILLER
AND GDP DIMINISHER.
IT GETS A LITTLE TECHNICAL, BUT IT IS
IMPORTANT THAT WE WORK THROUGH IT --
>>TPP AND GDP.
>>YES, DON'T GET THEM MIXED UP.
>> ALTHOUGH I THINK THEY WOULD STILL APPRECIATE THAT 3%.
>> DON'T THEY HAVE TO GO SOMEWHERE, THOUGH?
>> IF YOU CAN JUST PASS THIS IN TIME, OBAMA, IT CAN BECOME YOUR
LEGACY.
>> YES, THAT IS 4.45 MILLION
JOBS PROJECTED TO BE LOST AS A
RESULT OF THE TPP.
I COULDN'T FIND IN THE ANALYSIS WHO IS AN
ACTUAL WINNER, PROBABLY SOME AMERICAN CORPORATIONS I WOULD
IMAGINE, BUT THIS IS CERTAINLY, IF IT GETS TALKED ABOUT
WIDELY ENOUGH, GOING TO COMPLICATE THE PROCESS.
>> THESE NUMBERS HAVE BEEN TALKED ABOUT FOR A WHILE.
THEY
MET IN HAWAII AND THEY DIDN'T GET ANYTHING DONE BECAUSE OF
NUMBERS LIKE THIS, THEN THEY HAD TO WAIT AND GO THROUGH THE
NUMBERS AGAIN.
I DON'T KNOW THE PROCESSES THEY WENT THROUGH, OF
COURSE CORPORATIONS AND BIG BUSINESS HAD A LOT TO DO WITH
IT.
BUT IT IS NOT LIKE THIS IS NEW STUFF ENTIRELY, THESE ARE
JUST UPDATED NUMBERS.
THE WORLD BANK KNEW THIS STUFF BEFORE JOHN
JUST READ IT, SO THERE IS SOMETHING ELSE AT PLAY HERE WITH
TPP, AND THERE ARE ALSO NUMBERS THAT REFUTE THESE.
>>IT DEPENDS ON WHAT MODEL YOU CREATE.
>>A LOT OF JOBS CREATED WITH KEYSTONE, OR A LOSS OF JOBS
FROM KEYSTONE.
>>OR 34 JOBS.
>> AND THANK YOU FOR INVITING ME ONTO ONE OF THE MOST DEPRESSING
HOURS OF TYT I HAVE EVER HAD THE PLEASURE OF SITTING IN ON, ALL
OF THIS AGAINST THE BACKDROP OF WORLD STOCK MARKETS CRASHING.
WALL STREET AND LONDON AND ASIAN MARKETS ARE DOWN, WE ALL JUST
SIT HERE AS WE DO AS A BYSTANDER AND WATCH THE SHARE PRICE
PLUMMET, AND THERE IS NOTHING YOU CAN DO.
>> THE CHINA STOCK MARKET OVER THE LAST SIX MONTHS HAD
GIGANTIC PROBLEMS.
>>IT IS ALL ONE BIG PONZI SCHEME.
>>AND WHAT IS INCREDIBLE IS THAT HOW EXCITED WE ARE BECAUSE OIL
IS SO CHEAP, BUT BECAUSE OIL IS SO CHEAP, THE MARKETS GO DOWN.
>> OF ALL THE SUBJECTS THAT I KNOW VERY LITTLE ABOUT, THE
STOCK MARKET IS PROBABLY ONE OF THE MAIN ONES.
>>SPORTS.
>>THERE ARE SPORTS I KNOW SOMETHING ABOUT.
VOLLEYBALL.
I
PASSED BEN MANKIEWICZ'S FOOTBALL TEST, ALTHOUGH HE PROBABLY
WOULDN'T GIVE ME THAT CREDIT.
DOESN'T IT SEEM MESSED UP THAT WHEN OIL PRICES ARE HIGH,
THE ECONOMY IS RUINED, AND WHEN OIL PRICES ARE LOW, THE
ECONOMY IS RUINED?
MAYBE WE SHOULD MOVE PAST OIL AND GET OFF THE WHOLE THING.
ALTHOUGH THAT WOULD PROBABLY DESTROY THE ECONOMY.
>>THAT IS CRAZINESS.
>>I DID A FINAL JUDGMENT YESTERDAY, DENMARK LAST YEAR
PRODUCED 42% OF THEIR ELECTRICITY THROUGH WIND POWER.
I'M NOT SAYING WE CAN DO THAT, BUT WE DON'T NECESSARILY HAVE TO
HAVE OUR ECONOMY BASED ON A FORM OF ENERGY THAT IS APPARENTLY TOO
BIG TO FAIL.
>>THERE IS A TOWN IN RUSSIA CALLED MIASS, AN OIL APPARENTLY
NEVER HAD ANY EFFECT ON MIASS.
I DON'T KNOW WHY WE CAN'T JUST FOLLOW THAT MODEL.
>> TPP, I READ ABOUT SOME OF THE STIPULATIONS FROM OCTOBER TO
NOW, GOD KNOWS, SINCE THE DISCUSSION IS SO SHROUDED IN
PRIVACY, WHAT MIGHT BE THE SAME SINCE THEN.
BUT TO THE EXTENT
THAT CHINA OR INDIA IS EVEN BEING INVOLVED IN THE DEBATES,
THEY WILL NOT LIKE THESE NUMBERS.
MAYBE THIS WILL CAUSE
SOMEONE LIKE TRUMP TO BE IN FAVOR OF IT, IT IS HARD TO TELL
SINCE HE THINKS THAT CHINA IS A PARTY TO TPP, IT IS HARD TO TELL
WHAT HE THINKS.
BUT THESE NUMBERS ARE I THINK TROUBLING,
WE WON'T EDUCATE THE WORLD BANK AS A RESULT OF SPREADING THIS,
BUT HOPEFULLY SOME PEOPLE WHO HAVE NOT HEARD TOO MUCH ABOUT IT
IN THE MEDIA, PARTIALLY AS A RESULT OF THE FACT THAT IT IS SO
RARELY DISCUSSED OPENLY AND IT IS IMPOSSIBLE TO GET REAL
INFORMATION, IT WILL BE HARD TO MAKE A CASE TO THE AMERICAN
PEOPLE, LARGELY, THAT THIS IS SOMETHING THAT DESPERATELY NEEDS
TO BE DONE, AND NEEDS TO BE RAMMED THROUGH QUICKLY
BEFORE OBAMA LEAVES OFFICE.
>>RECENT POLLS SHOW THAT ONLY 45% OF AMERICANS THINK IT IS
BETTER THAN IT WAS BEFORE THE 2008 RECESSION, THE MAJORITY
STILL THINKS THINGS ARE NOT AS GOOD AS THEY SHOULD OR COULD BE.
SO WHEN YOU HAVE A STOCK MARKET CRASHING AND ON THE BACK OF THIS --
>>AND ALSO MOST PEOPLE DON'T UNDERSTAND THE CORRELATION.
>>I FREELY ADMIT I DO NOT.
>>I FEEL LIKE I AM MORE TOWARDS JOHN THAN AN ECONOMIST WITH
THIS.
I THINK THAT IS THE THING THAT REALLY AFFECTS THE WAY --
IF YOU WANT TO USE THIS AS AN ISSUE FOR THE PEOPLE, IT IS EASY
TO BE SUSPECT OF PETROLEUM AND BIG OIL BECAUSE THE MARKETS
ARE SO MANIPULATED BY OIL, SOMETHING MUST BE UP.
I DON'T
UNDERSTAND IT, WHY IS IT GOOD WHEN IT IS GOOD -- OR BAD
WHEN IT IS BAD AND BAD WHEN IT IS GOOD?
>>IT EITHER WRECKS THE COMPANIES OR WRECKS AMERICAN PURCHASING POWER.
ALL WE WANT IS TO GET A DISCUSSION GOING ABOUT TPP
BEHIND CLOSED DOORS THAT WE NEVER HEAR ABOUT.
>> THAT WOULD BE GREAT.