Daily Archives: February 28, 2014

Paul Krugman joins the heated debate over the Trans-Pacific Partnership trade negotiations with a column on Friday that argues the economic case just isn’t compelling enough for President Obama to be expending political capital on such a divisive issue in an election year.

But Krugman seems to be missing a big part of what President Obama is after with his ambitious second-term trade agenda. Helpfully two Obama confidantes – Vice-president Joe Biden and former chief of staff Rahm “Rahmbo” Emanuel – have broken cover this week to offer what many analysts have long argued is the real justification for US trade policy these days: the strategic imperative.