Cordell Hull

  • Cordell Hull, U.S. Secretary of State, 1933-1944; Nobel Peace Prize winner, ardent free trader

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    Peter Gallagher

    Oh dear, oh dear. What would be the point of a trade agreement that brought no opportunity for adjustment (including workers changing jobs so their old jobs could go overseas)? No specialization and no gain. The USA will make everything for itself (welcome to North Korea).

    I predict that if Obama actually implements these policies he will have to create an awful of 'breaks' for companies to maintain 'decent jobs' (i.e. the same jobs Americans had in the 80s, 90s, and 2000s), because they'll be a sort of industrial museum, without visitors.

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