Tagged Trade Adjustment Assistance

The Democratic Party’s Failure on Trade Policy

As anyone who follows the news is aware, Barack Obama’s biggest legislative goal for his second term is to pass the Trans-Pacific Partnership trade agreement. He may well get fast-track authority in order to push for passage of the agreement, and the agreement may yet pass. I hope that he does get fast-track authority, and that the agreement passes. But as anyone who follows the news is also aware, the initial attempt to pass fast-track authority failed in the House of Representatives, because Democrats decided to desert and defy a president from their own party:

The Trade Policy Clown Show of 2015

Great nations are not normally in the habit of allowing childish temper tantrums to dictate economic policy. Great nations are even less inclined to sacrifice an excellent economic deal because of a temper tantrum. And yet, when we examine the frantic and immature back-and-forth regarding the Trans-Pacific Partnership Act, we see that the United States–a great nation despite the example often set by its “leaders”–has been flirting over the past twenty-four hours with the option of throwing away an excellent economic deal with both hands, in part because trade protectionists have gotten their feelings hurt. I alluded to this issue…