The president revises history, exaggerates accomplishments and makes false claims.
A union-sponsored ad charges that Arkansas Sen. Blanche Lincoln’s support of "unfair" trade deals "made it impossible for American workers to compete." But several economic studies say trade deals, like the North American Free Trade Agreement, have had a small impact, or even a positive one, on American jobs.
As we said last week, this ad starts with a true claim about union workers at a Cooper Tire plant making wage concessions to ward off a threatened closure.
Q: How many U.S. jobs have been lost since the inception of the North American Free Trade Agreement?
A: Actually, nearly 25 million jobs have been gained. Nearly all economic studies say NAFTA's net effect on jobs was negligible.