Post Wrongly Calls William Daley a "Free-Trade Stalwart"

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Tuesday, 04 January 2011 06:16

The Post used this term in a piece reporting that the J.P. Morgan executive may become President Obama's next chief of staff. In fact, NAFTA, which Daley helped push through Congress, and other trade deals that he has supported included many protectionist provisions, most importantly increasing intellectual property protections. These deals also did little or nothing to free up trade in highly paid professional services like those provided by doctors and lawyers.

The trade deals supported by Daley were primarily about subjecting manufacturing workers to increased competition with low-paid workers in the developing world, thereby driving down their wages. They had little to do with free trade.