Fortune Article

Hillary Clinton’s moves on trade this weekend were discouraging to watch. She kept mum prior to the vote on Friday, didn’t mention the topic in her big announcement speech on Saturday, and then came out Sunday backing Nancy Pelosi – who opposed the trade deal — rather than President Obama. Perhaps her goal is to help broker a final deal. But her disingenuous dance on this important issue adds to public confusion and cynicism.

In her announcement speech Saturday, candidate Clinton said: “Advances in technology and the rise of global trade have created whole new areas of economic activity and opened new markets for our exports, but they have also displaced jobs and undercut wages for millions of Americans.” True enough. But as she knows, you can’t stop the latter by blocking the former. “Shared prosperity” has to start with prosperity.

Clinton’s business-minded supporters say her dance is a necessary campaign compromise, and her support for free trade is well established. But here’s the thing: campaigns have consequences. What is said between now and November 2016 will circumscribe what happens afterwards. If Hillary Clinton makes populist pandering the core of her campaign, she’d be hard pressed not to make it a pillar of her presidency.

I’m writing this from Heathrow airport, on my way to FORTUNE’s Most Powerful Women Summit in London. More on that tomorrow.

Alan Murray

@alansmurray

alan.murray@fortune.com

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Hillary Clinton, fresh off the official launch of her Democratic presidential bid, finally weighed in on President Obama's trade agenda over the weekend. The former Secretary of State called on Obama to ensure that the bill include better protections for American workers. Clinton also advised Obama to work more closely with Democratic leaders, including House Minority Leader Nancy Pelosi, who voted against the Trans-Pacific Partnership trade deal last week. The Washington Post

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Around the Water Cooler

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5 things to know this week

The Fed, Greek debt, and tech IPOs — 5 things to watch for this week. Click here.

CEO Daily: Monday, June 15

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Around the Water Cooler

5 things to know this week