| what I wonder is why the president is pushing the T.P.P. at all. The economic case is weak, at best, and his own party doesnà ‚¬ „ t like it. Why waste time and political capital on this project? My guess is that weà ‚¬ „ re looking at a combination of Beltway conventional wisdom à ‚¬" Very Serious People always support entitlement cuts and trade deals à ‚¬" and officials caught in a 1990s time warp, still living in the days when New Democrats tried to prove that they werenà ‚¬ „ t old-style liberals by going all in for globalization. Whatever the motivations, however, the push for T.P.P. seems almost weirdly out of touch with both economic and political reality. So donà ‚¬ „ t cry for T.P.P. If the big trade deal comes to nothing, as seems likely, it will be, well, no big deal. |
Read the rest of the story HERE:
At www.nytimes.com
At www.nytimes.com
