As part of its overall economic strategy the Obama administration is rushing full speed ahead with two major trade deals. On the one hand it has the Trans-Pacific Partnership which includes Japan and Australia and several other countries in East Asia and Latin America. On the other side there is an effort to craft a U.S.-EU trade agreement.
There are two key facts people should know about these proposed trade deals. First, they are mostly not about trade. Second, they are not intended to boost the economy in a way that will help most of us.