Trade Pact With Europe Might Gain Us Two Months of GDP By 2027

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Shorter Dean Baker: If we pass the Transatlantic Trade and Investment Partnership, U.S. GDP will rise to $24 trillion in January 2027. If it doesn’t pass, we won’t reach that level until…..

March 2027.

And that’s the most optimistic possible scenario. In the less optimistic scenario, passing TTIP only gains us a single month of GDP by 2027.

TTIP may well be worth doing anyway. It depends on what the final deal looks like, and just how badly IP law gets even further screwed up by it. Still, it’s worth seeing the benefits displayed this way, instead of in raw numbers, because it gives you a sense of just how small the economic gains are. There might well be some benefits to harmonizing business regulations, but that’s mostly what this is about. Trade between the United States and Europe is already pretty wide open, so the actual trade benefits of TTIP are modest.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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