EDWARDS: There is one other issue that was mentioned in passing by the two of them, which is the issue of jobs. And there is a difference between myself and my colleagues on this issue of jobs, because they both supported the Peru trade deal.
My view is the Peru trade deal was similar to NAFTA. And this is crucial to the state of South Carolina and jobs in South Carolina. South Carolina has been devastated by NAFTA and trade deals like NAFTA.
(...)
OBAMA: Let me just respond to a couple of things. (...) Point number two, on trade, John is exactly right that you travel around South Carolina and you see the textile mills that John's father worked in closed, all over the region. And it is absolutely true that NAFTA was a mistake.
I know that Hillary on occasion has said -- just last year said this was a boon to the economy. I think it has been devastating, because our trade agreements did not have labor standards and environmental standards that would assure that workers in the U.S. were getting a square deal.
But the only thing I want to differ on John is this whole notion of Peru. The Peru trade deal had labor and environmental agreements in it. Peru is an economy the size of New Hampshire. Over 90 percent of the goods coming from Peru already come in under various free trade agreements.
And, John, you voted for permanent trade relations with China, which I think anybody who looks at how we structure trade in this country would tell you has been the biggest beneficiary and the biggest problem that we have with respect to trade, particularly because they're still manipulating the currency.
(...)
EDWARDS: No one has to explain to me what these trade deals have done to South Carolina, to North Carolina. My father, who's sitting right out there in the audience, worked in the mills for 36 years and we have seen what these trade deals have done to people who have worked hard all their lives.
And the problem with Peru, Barack, is you are leaving the enforcement of environmental and labor regulations in the hands of George Bush. I wouldn't trust George Bush to enforce anything, certainly no trade obligations.
OBAMA: Well, the only point I would make is that in a year's time, it'll be me who's enforcing them. And so we're going to make sure that the right thing is being done.
http://edition.cnn.com/2008/POLITICS/01/21/debate.transcript/index.html