7.16.2012

Not exactly in a nutshell, but still

President Obama's Disingenuous Attack On Outsourcing

His populist critique of free trade and outsourcing is a cynical pander. Just look at the economic leaders with whom he surrounds himself.

From The Atlantic, here.

Also…

He started playing this game during the Democratic primary in 2007, insisting that if elected president he would renegotiate NAFTA. To no one's surprise, he wasn't in office a month before he reneged on that promise. He was pretending to be someone who believed the populist critique of free trade agreements, but like the academic and business elites with whom he staffs his administration, Obama buys into the conventional case for free trade and never wanted to renegotiate NAFTA. He still doesn't, no matter how many times he complains that "Romney's firms shipped jobs to Mexico." In the long run, capital and labor mobility either benefit us or make us no worse off, insofar as global competition cannot be escaped. I tire of Obama pretending his position is different, and feel especially sorry for the voters he's misleading.

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