OBAMA: Elizabeth Warren is 'wrong' on trade
Reuters/Jonathan Ernst
"I love Elizabeth. We're allies on a whole host of issues. But she's wrong on this," Obama said Tuesday on MSNBC's "Hardball."
Warren, one of the most high-profile populist voices in Congress, has warned that the Trans-Pacific Partnership (TPP) could undermine US sovereignty. Warren claims a "buried" provision would "shift power from American courts, whose authority is derived from our Constitution, to unaccountable international tribunals."
A number of unions and other liberal lawmakers have also come out against the deal, a 12-nation accord that includes countries on four continents. In a rare moment where Obama is allied with congressional Republicans, the president is seeking to "fast track" the deal, which would give him additional authority to negotiate the agreement's terms.
But Obama said his progressive critics should trust him on the issue.
"I would not be doing this trade deal if I did not think it was good for the middle class. And when you hear folks make a lot of suggestions about how bad this trade deal is, when you dig into the facts, they are wrong," he said Tuesday.
Obama also accused some of the deal's opponents of distorting the truth for political purposes.
"Some of this has to do with I think people's legitimate fears and concerns. Some of it has to do with politics," he said. "Democrats aren't averse to making political arguments that aren't always entirely accurate. We do it less often than the other side."
- Fairfax-backed Go Digit to float IPO on May 15
- Air India Express cancels 74 flights due to cabin crew shortage, to operate 292 flights
- Late goals and refereeing ‘betrayal’ see Real Madrid beat Bayern Munich to reach their 18th Champions League final
- TVS Motor shares climb over 6% after March quarter earnings
- ABS Marine Services Limited's IPO Opens on May 10, 2024
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market