President Obama offered an impassioned defense of his trade policy Friday, intensifying an intra-party war of words that threatens to spill over into the presidential race.
“On trade, I actually think some of my dearest friends are wrong,” Obama said in a speech at Nike headquarters in Beaverton, Oregon. “They’re just wrong.”
Obama accused some critics of the Trans-Pacific Partnership (TPP), the multi-country pact that his administration is currently negotiating, of acting out of a “reflexive principle” of opposition to trade deals.
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Sen. Elizabeth Warren (D-Mass.) has been the most prominent opponent of the agreement, saying it could make it easier for big corporations to ship jobs abroad, and criticizing the process as overly secretive. On Wednesday, Warren raised the fear that the deal could let Wall Street undo provisions of the Dodd-Frank financial reform law.
“They’re making this stuff up,” Obama responded in his speech Friday, in unusually frank language for addressing a frequent ally. “This is just not true.”
Obama accused opponents of the deal of being “satisfied with the status quo,” adding, “ And the status quo hasn’t been working.”
Obama also dismissed the charge that the process is rushed and secretive, noting that the deal will be posted for 60 days before even going to Congress for a vote.
“Everybody’s going to be able to see exactly what’s in it,” Obama said. “There’s nothing fast track about this. This is a very deliberate track.”
Obama acknowledged that some past trade deals—including the North American Free Trade Agreement, which was signed by President Bill Clinton— had led to the loss of U.S. manufacturing jobs. But he sought to portray the TPP as consistent with his middle class economic agenda, calling it “a different kind of trade deal.”
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