White House Says Elizabeth Warren Trade Amendment Could Hurt Financial Reform

The Democratic proxy war between President Obama and the Warren wing continues to roil this week. Along with the lingering bitterness over ugly accusations of sexism, the White House continued to counter-attack on the substance of Warren’s positions on trade.

On Tuesday, Senator Elizabeth Warren (D-Mass.) followed up her “Broken Promises” trade report by releasing an amendment to the current Trade Promotion Authority legislation that she said would safeguard financial regulatory reform from attack by Republicans in future trade deals. “This President supports financial reform – but he cannot stop the next President from caving to the big banks in a future trade deal,” Warren said in a press release, adding “With European officials, Republicans, and giant banks on both sides of the Atlantic pushing hard to undermine financial regulation in the upcoming TTIP agreement, this amendment is the best way to ensure that future Presidents can’t use this fast track bill to undermine Dodd-Frank.”

When asked about the amendment, White House Press Secretary Josh Earnest told Bloomberg’s Justin Sink that the language proposed by Warren could make it easier to undermine Dodd-Frank…READ MORE

By: Tommy Christopher

Tommy Christopher is The Daily Banter's White House Correspondent and Political Analyst. He's been a political reporter and liberal commentator since 2007, and has covered the White House since the beginning of the Obama administration, first for PoliticsDaily, and then for Mediaite. Christopher is a frequent guest on a variety of television, radio, and online programs, and was the villain in the documentaries The Audacity of Democracy and Hating Breitbart. He's also That Guy Who Live-Tweeted His Own Heart Attack, and the only person to have ever received public apologies from both Rush Limbaugh and Glenn Beck.