The Obama effect on the Brexit vote

From Zero Hedge:

I wonder if this has anything to do with Obama’s remarks at a press conference on British televison with Prime Minister David Cameron back on April 22, 2016.

Here is what Obama said then:

ObamaUKQUEUE_largeOBAMA: I think it’s fair to say that maybe some point down the line there might be a UK-US trade agreement, but it’s not gonna happen any time soon because our focus is in negotiating with a big bloc of the European Union to get a trade agreement done. And the UK is gonna be in the back of the queue, not because we don’t have a special relationship, but because, given the heavy lift on any trade agreement, us having access to a big market with a lot of countries rather than trying to do piecemeal trade agreements is hugely inefficient.

Maybe it wasn’t such a hot idea to go over to the UK  and threaten them they were “gonna be in the back of the queue” if they voted to leave the EU.

Also, why is getting a trade agreement done have to be a “heavy lift.”  If you are going to have free trade couldn’t that be done on a single sheet of paper, or even a post card. It could just say, “We won’t make our people pay taxes on stuff they buy from you and you won’t tax your people on stuff they buy from us.”  It really could be that simple except for one thing. It’s not that “trying to do piecemeal trade agreements is hugely inefficient.” It’s that it wouldn’t provide sufficient opportunities for graft.

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