
Obama on trade: still not as grim as Clinton?
More on trade. Jagdish Bhagwati says that Obama’s better – or, rather “a less disturbing prospect” – on trade than Clinton. He gives five reasons: First, Mrs Clinton, in an infamous interview with the Financial Times, responded to a question on support for the Doha round with the need for a pause, whereas Mr Obama has not done so. Second, whereas Mr Obama’s economist is Austan Goolsbee, a brilliant Massachusetts Institute of Technology PhD at Chicago Business School and a valuable source of free-trade advice over almost a decade, Mrs Clinton’s campaign boasts of no professional economist of high repute. Instead, her trade advisers are reputed to be largely from