Financial Times Says Fair Traders Are Beginning to Win on Policy

Coming from the Financial Times - the paper of record for Big Money - this story [1] is really an incredible sign that the progressive fair trade movement is gaining real ground and winning the broader political debate:

The most striking thing about the debate within Washington is how long the measures took to get noticed – and how little they are perceived as a protectionist act...The dwindling band of free-trade Democrats on Capitol Hill has been almost completely silent...

Looking at the political environment and Mr Obama’s own journey to the White House, perhaps that is not surprising. Along with his well-known criticisms of the effect on jobs and wages of deals such as Nafta, Mr Obama’s campaign singled out Buy American as a symbol of economic patriotism.

The Washington reaction to Buy American suggests that much of Congress and the Obama White House, while still respecting existing treaty commitments, is not going to go out of its way to placate protesting trading partners. The judgment most experts made – that free traders within the Obama administration will have to spend most of their time playing defence – has thus far been vindicated.

As with every story on this topic in the traditional media, the word "protectionist" is irresponsibly thrown around [2] without any interest in defining the term, nor even a half-sentence noting that with corporate agriculture subsidies and massive protections for intellectual property, patents and copyrights, we already live in a protectionist economy. It's also not clear why someone would say it's "striking" that simple procurement rules that have nothing to do with tariffs aren't "perceived as a protectionist act." Why is that "striking?" These rules have nothing to do with tariff protections.

But that sound and fury to be expected. The real news here is that we're winning. We're winning votes in the Congress [3], and we're winning elections [4] on fair trade themes and we're winning the broader debate. We're dragging Washington - kicking and screaming - back towards the center of American public opinion.