Members of Congress push Obama to approve AT&T, T-Mobile deal
Members of Congress push Obama to approve AT&T, T-Mobile deal
- September 16, 2011
- Research by David Neumark, economics professor and Center for Economics & Public Policy director, is featured in PC Magazine September 15, 2011
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From PC Magazine:
Several members of Congress on Thursday penned a letter to President Obama and urged
his administration to embrace the AT&T and T-Mobile merger, arguing that it will help
spur job creation.... Rival Sprint, however, recently released a report that slammed
AT&T's job creation claims. The carrier partnered with David Neumark, director of
the Center for Economics and Public Policy at the University of California at Irvine,
and found AT&T's promises of job creation to be "completely unfounded...." Neumark,
however, said that "AT&T has actually told investors and the federal government that
the merger would lead to reduced capital expenditures on net. If you take EPI's own
logic and apply that net reduction in capital expenditures to the data, you predict
fewer jobs, not more jobs." In a Thursday statement, a Sprint spokesman insisted that
"AT&T's proposed takeover of T-Mobile will eliminate tens of thousands of jobs across
the country."
For the full story, please visit http://www.pcmag.com/article2/0,2817,2393074,00.asp.
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