Renegotiating the North American Free Trade Agreement
What he said: “I will make sure that we renegotiate. … I think we should use the hammer of a potential opt-out as leverage to ensure that we actually get labor and environmental standards that are enforced.” —Democratic primary debate in Cleveland, Feb. 26, 2008
Why it’s a bad idea: Trade agreements take years to negotiate, and Mexico and Canada would almost certainly seek new concessions of their own in a new round. Obama is right to argue that more economic development in Mexico will lower illegal immigration; he’s wrong to think that bashing NAFTA is the right way to address the Rust Belt’s economic woes. Happily, since the Ohio primary, Obama has backed off his harshest criticisms of the agreement.