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"Obama and Clinton promises on NAFTA hard to fulfill"

This analysis by Reuters is, unfortunately, correct. Obama and Clinton can talk all they want on the campaign trail about the need to reform or renegotiate NAFTA and other “free” trade deals, but the bottom line is that neither of them have a track record that would indicate they have either the will or ability to strike at the heart of Neoliberal economic policy. Clinton, of course, was First Lady when her husband Bill pushed through NAFTA on a bipartisan basis and Obama relies on the economic support of heavy hitter donors from Wall Street hedge funds and investment banks.

So while I wholeheartedly disagree with the claims made by the Cato Institute in this piece about NAFTA and other free trade deal like Cafta being a resounding economic success for the US, I do agree with the statement made by its spokesperson that any meaningful changes are essentially a political non-starter.

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