More on the absence of currency provisions in the TPP…

Jared Bernstein Posted by Jared Bernstein.

From 2009 to 2011, Bernstein was the Chief Economist and Economic Adviser to Vice President Joe Biden, executive director of the White House Task Force on the Middle Class, and a member of President Obama’s economic team.


Over at PostEverything, jointly penned with Dean Baker.

Over at PostEverything, jointly penned with Dean Baker.

My skin is thickened by years of DC economic debates, but the President going to Nike to explain to those of us raising questions about the TPP–particularly around currency–how we simply don’t get it…that got under the old skin a bit.

I’ve followed this issue–trade, globalization, trade deals–for decades. And I’ve done so without a big thumb on the scale either way, always acknowledging the benefits of more open markets, both to our consumers and exporters and to others, particularly developing countries. I also get that politics ain’t beanbag, and people will say what they feel they need to in order to sell legislation like this. But that doesn’t justify telling your opponents they’re clueless, especially when they’re on your side in terms of the ultimate goal of reconnecting growth with more broadly shared prosperity.