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
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.