Dave McCormick: “Part of the reason the Obama deal was ineffectual was that…”

“But I expect Congress will have a role and for this to be lasting and meaningful, Congresses need to be involved and hopefully have something that we can approve leading into the next administration. Part of the reason the Obama deal was ineffectual was that it was a never signed deal and was never passed by Congress. I want to go back to Alan Greenspan for a minute because this is a really pivotal moment given that we're ushering in a Kevin Warsh era that potentially is going to be very different from what we've seen.” (03:11–03:19)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.