Thank you both for being here today.
Mr. Clark, I have a copy of the speaking notes that you prepared, dated May 22. I want to use these to ask you some questions.
You point out that the TPP will not be comprehensive:
Forget everything you have heard about the TPP being a comprehensive or an all inclusive deal. It is not—and it never was.
You point out the following:
The wholesale exemption of U.S. states from many of the important proposals currently on the table is clearly a colossal gap between the spin and reality.
Is that the case? Will U.S. states be exempted from many of the important proposals on the table?