May 10, 2015

BLUE ON BLUE: Obama On Trade Deal: Elizabeth Warren Is “Absolutely Wrong.”

President Obama slammed Sen. Elizabeth Warren’s comments that a free-trade deal the president is negotiating would roll back Wall Street regulations, saying the Massachusetts Democrat is “absolutely wrong” and that “her arguments don’t stand the test of fact and scrutiny.”

Obama, who made the comments to Yahoo News, is fighting resistance from the Democratic Party’s progressive wing over the Trans-Pacific Partnership, a free-trade agreement the United States is working on with Japan, Australia and nine other nations.

Warren has claimed Obama might use the trade agreement to undo the so-called Dodd-Frank regulations on banks and financial institutions. But Obama called the accusation ludicrous, saying the 2010 law is one of the top achievements of his presidency.

To be fair, “top achievements of his presidency” is setting the bar awfully low.

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