The U.S. has seen a substantial portion of its manufacturing base eroded by cheap overseas production. American workers blame free trade. So why should we speed up the process?
Was there ever a time when trade wasn't a polarizing subject? Judging from the endless debate, it's either the key to economic prosperity, or a catastrophe for the common worker. There seems to be no middle ground.
For two decades U.S. presidents have consistently shared views on the need for a "level playing field." President Bill Clinton in 1992, President George W. Bush in 2008, and, most recently, President Obama in this year's State of the Union: "Our workers are the most productive on Earth, and if the playing field is level, I promise you"”America will always win." Despite that shared rhetoric, the weakness of the U.S. economy over the past few years has helped obscure the Obama administration's disappointing record on trade.