The Trans-Pacific Partnership is the opposite of free trade
Like many, I have my share of disappointments with Obama. On balance, he’s infinitely preferable to any of the plausible Republican alternatives—can you imagine what Mitt Romney or John McCain and a Republican Congress would be getting up to these days? Still, there are areas—global warming in particular—where I wish he had been more aggressive. I fully concede the limits of what may have been possible throughout his term, given the implacable opposition he has been facing. But still, it would have been good to see a more deliberate attempt to change the trajectory of things.
The ongoing corporatization of nearly everything would have been another place to start. I suppose the failure to pursue the banks aggressively should have been a tip-off that the Clinton financial people were still running the show. Plus the Obama administration’s unwillingness to try to put Elizabeth Warren as head of her brainchild, the new (and pretty efficient, I gather) Consumer Financial Protection Bureau (although she has had her payback.) When people start telling me that there’s no real difference between the two parties, in the finance area I tend to agree, with some notable exceptions like Warren. Continue reading