I have great affinity for Ryan Avent as a blogger and friend but this kind of stuff just goes down hard.

So absolutely, if Obama can work out bi-lateral agreements, even just on principles, between America and China or America and India, then that’s great. But we’re the big obnoxious fat man in the room. It’s all an exercise in hope until we get involved, and when we get involved, it’s suddenly no longer just an exercise in hope. [emphasis mine]