SEOUL, South Korea — For President Obama, the last-minute failure to seal a trade deal with South Korea that would expand American exports of automobiles and beef is an embarrassing setback that deprives him of a foreign policy trophy and demonstrates how the midterm elections may have weakened his position abroad.
Mr. Obama has made free trade a central theme of his 10-day mission to Asia. From Seoul to Washington, business leaders, foreign policy analysts and diplomats were convinced that the president would wrap up the accord during a meeting with President Lee Myung-bak of South Korea on Thursday. Instead, the two leaders emerged empty-handed, arriving at their joint news conference to say that they had instructed their negotiators to keep at it a little while longer.
Thursday, November 11, 2010
Just goes to show you what a community organizer can and cannot accomplish.
Posted by traderrob at 11:04 AM