Hill vs. Bill

On matters of trade policy, the two Clintons couldn't be much further apart.

Of course, Bill's presidency helped create one of the most successful economic periods in our nation's history. So, perhaps Hill should just smile, wink, and say, "Remember the '90s?" instead of embracing economic nationalism. The U.S. needs to show tomorrow's power players -- Brazil, China, India, Russia -- that we are interested in them today. These are the countries which will become the most significant in the future, replacing the W. European dinosaurs. We need them on our side, or at least willing to talk to us.

Plus, tariff taxes are just bad policy. Unfortunately, they may also be good politics.

(ht: Great Mankiw)