JackLuis
Literotica Guru
- Joined
- Sep 21, 2008
- Posts
- 21,881
President Barack Obama dismissed a liberal senator’s warning that “fast-track” trade authorization being considered by Congress could weaken U.S. financial regulations he helped put in place after the 2007-2008 crisis that triggered the Great Recession.
Senator Elizabeth Warren, long a champion of stricter rules for Wall Street, said in a Tuesday speech that fast-track authority to push through a sweeping Pacific trade pact could be used to roll back the Dodd-Frank financial reform law.
“She’s absolutely wrong,” Obama said in a Friday interview with Yahoo News that was posted on Yahoo.com on Saturday.
“Think about the logic of that. The notion that I had this massive fight with Wall Street to make sure that we don’t repeat what happened in 2007 and 2008,” Obama said. “And then I sign a provision that would unravel it? I’d have to be pretty stupid. And it doesn’t make any sense.”
The 2010 financial reform law is considered one of the Democratic president’s signature legislative achievements.
Obama dismissed Warren’s concerns as hypothetical, telling Yahoo: “There is no evidence that this could ever be used in this way. This is pure speculation.”
So let's see the treaty. Most of the comments on the TPP are speculitiative because it has not been reveled to the public, and we have no way of knowing if the TPP isn't just another 'ship jobs overseas' like NAFTA.
Show me the Treaty and discuss it like Democracies are meant to.