As he faced the press in Ottawa today, flanked by other leaders of NAFTA signatories, President Obama argued that both the right and left were misleading people about the challenges of global trade. It was true, he said that workers left out of economic growth were growing angrier. As they did so, “the social cohesion and political consensus needed for liberal market economies starts breaking down,” as seen in the Brexit vote. But their anger was being misdirected.
“The prescription of withdrawing from trade deals and focusing solely on your local market, that’s the wrong medicine,” he said. “You are right to be concerned about the trends, but what you’re prescribing will not work.”
There was no mystery about who on the right and left Obama was talking to. At a rally in Pennsylvania, Donald Trump said that the president and presumptive Democratic nominee Hillary Clinton were wrong to back the Trans Pacific Partnership. In an op-ed published in today’s New York Times, Sen. Bernie Sanders told readers that Trump was wrong about the solution but right about the threat. For the full article click here
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