The Economist: Obama’s unwillingness to fight for trade is going to make everybody $600 billion poorer « Hot Air

The Economist: Obama’s unwillingness to fight for trade is going to make everybody $600 billion poorer « Hot Air: "Administration officials are still claiming that President Obama hasn’t given up on the fight for fast-track trade promotion authority (the better to complete a couple of major trade deal with Pacific countries and the European Union), despite Democrats’ general reluctance to engage on the issue and Harry Reid’s insistence that he won’t even entertain the notion during this politically sensitive pre-midterm period, but… Obama isn’t exactly pushing it, either. One of Democrats’ big arguments against the idea of setting the United States up for freer trade is that none of the deals on the table would really do that much to help out our economy anyway, so there’s no use getting so upset over the whole thing — but The Economist offers up some solid numbers to explode that myth, as well as some apt criticism of Obama’s pusillanimity to boot."



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