President Obama believes businesses should support strong financial reform, White House Press Secretary Robert Gibbs said Tuesday during a briefing.
Obama talked about “those … in the financial industry whose companies may be employing lobbyists seeking to weaken this bill” earlier in the day, during a speech at the annual meeting of the Business Council, Washington.
“I want to urge you, as I said on Wall Street a couple of weeks ago, to join us rather than to fight us,” Obama said to meeting attendees, according to a transcript provided by the White House.
“That doesn’t mean that there aren’t going to be legitimate differences on the details of what is a complicated piece of legislation,” Obama said. “But, in its broad parameters, this proposal is a common-sense, reasonable, non-ideological approach to target the root problems that we’ve seen in our financial sector.”
A reporter at the White House briefing asked Gibbs about Obama’s comments on lobbying.