Obama's the one who's wrong on this, not Elizabeth Warren. It's wrong to put cheap goods above human rights and the environment (despite Obama's assertions to the contrary which we can't check now because of "fast-track"). Abusing human rights and the environment is what China and Mexico have been getting away with for far too long, meanwhile driving down wages here.
On "fast-tracking" the Trans-Pacific Partnership (TPP) the unions and Elizabeth Warren are right, and the Whigs figured it all out, long ago. Their party died, because the answer they found was too complicated for the average voter and could, therefore, be propagandized against. Read up on Alexander Hamilton, Henry Clay, Friedrich List, and Lincoln's economic ideas. Their American School economics are what really caused the Civil War and the economic miracle afterward (literally over the dead bodies of Nullifying agrarians) and were promoted by the Republican Party up through McKinley: Put tariffs on foreign goods (except perhaps those allowed in from governments agreeing with our core principles) and grow our own manufacturing and commercial base, trading freely only with a favored few, who are favored for reasons other than the cheapness of their goods.
"Under free trade, the trader is the master and the producer the slave. Protection is but the law of nature, the law of self-preservation, of self-development, of securing the highest and best destiny of the race of man. [It is said] that protection is immoral.... Why, if protection builds up and elevates 63,000,000 [the U.S. population] of people, the influence of those 63,000,000 of people elevates the rest of the world. We cannot take a step in the pathway of progress without benefiting mankind everywhere. Well, they say, 'Buy where you can buy the cheapest'.... Of course, that applies to labor as to everything else. Let me give you a maxim that is a thousand times better than that, and it is the protection maxim: 'Buy where you can pay the easiest.' And that spot of earth is where labor wins its highest rewards." - William McKinley speech, Oct. 4, 1892 in Boston, MA, William McKinley Papers (Library of Congress).
As long as we're using clichés like "fast-track"... The "race to the bottom" is what McKinley meant with "Well, they say, 'Buy where you can buy the cheapest'.... Of course, that applies to labor as to everything else."
The "rising tide that lifts all boats" is what happened after Britain in the 1700s grew itself behind a protectionist wall, followed by the US doing the same after the Civil War, Germany following suit in the late-1800s/ealy-1900s and Japan after WWII.