Taggert Brooks Economics Consulting
Taggert Brooks - Economic Consulting

News for the ‘jobs’ Category

Economic Development Spam

Here is an email (read span) I recently received (here is a similar link):

DPC Special Report & Video | Promoting Travel and Tourism Will Create Jobs

Hello All, I wanted to alert you to the fact that the DPC has released a one-pager on the Travel Promotion Act (link and full text below), outlining the significance in passing this importance piece of legislation. As the Senate continues to debate a series of bills in the coming weeks that will create jobs for the American people that need it most, as part of its jobs agenda, it is important to keep in mind that this bill is a jobs bill—as the U.S. Travel Association projects it will create nearly half a million jobs. Moreover, the Congressional Budget Office estimates it will reduce the federal deficit by $425million over the next decade. It is not often that we see both of these things accomplished, in one piece of legislation. I encourage you to take a look at this report, as it quite clearly lays out exactly what this bill will do. In addition, I have included a clip from Senator Dorgan, who has been very active on this issue. While speaking on the Senate floor, he focuses on the idea that by passing this bill and funding a national campaign that will promote travel to the U.S., it could ultimately strengthen America’s standing around the world—an idea that is truly tough to put a price tag on. As always,please be in touch if you would like to discuss in more detail. Many thanks.–Kati

Really? So If I travel to your state and spend 1,000 dollars that I would have spent in my own state, on something like home improvements, and you travel to my state and spend 1,000 you would have spent in your home state on home improvements, we will create jobs? Wow, that is literally the dumbest thing I have ever heard, its not even beggar-thy-neighbor. It creates ZERO net change in economic activity, thus it creates ZERO net jobs.Oh, but maybe this line gives us a hint as to who thinks its a good idea:

as the U.S. Travel Association projects it will create nearly half a million jobs

And they don’t care about the half a million jobs which will be lost in the home improvement sector. The fetish with gross “job creation” needs to end. If we care about jobs it is about NET jobs.

Posted: February 26th, 2010
Categories: jobs
Comments: No Comments.

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