Posted on 01/17/2011 1:50:10 PM PST by ColdOne
Some Senate Democrats, including Chuck Schumer and Debbie Stabenow, are pushing for legislation aimed at denouncing China’s currency undervaluation, the type of bill that the White House has consistently opposed in favor of diplomatic negotiations.
“There’s no bigger step we can take to promote the American dream and secure job creation ... than to confront China’s manipulation of currency,” Schumer told reporters on a conference call on Monday. “It allows Chinese goods to undercut American goods here, and put American goods at a major disadvantage in China.”
(Excerpt) Read more at politico.com ...
more evidence of Cargo Cultt economics
Charles Schumer Vows To Start A Trade War On Eve Of Hu Jintao’s Big Visit To America
Read more: http://www.businessinsider.com/charles-schumer-yuan-legislation-2011-1#ixzz1BKdcJhO2
Get the popcorn!
Chuckie and Fat Deb - now there’s dumb and dumber if there were ever a perfect example.
And China’s stock market crashed 5% on Monday. Keep up the pressure, China.
We have been in a trade war for some time now. The problem is we have not been fighting it.
“Some Senate Democrats, including Chuck Schumer and Debbie Stabenow....”
Strangely, I am tempted to back China on this.
The last time I looked at the items in the shopping center, they were not made here. We make nothing to export regardless of the value of Chinese currency. It will just cost us more to buy from them.
obama will give hu a lewinsky and sellout to china, everything that he has not already given to the rooskies.
LLS
Sadly, defeatist attitudes such as yours are widely prevalent in America today. Surely part of our national malaise.
"There's no bigger step we can take to promote the American dream and secure job creation ... than to confront China's manipulation of currency"There's no quicker way to stop China's manipulation of its currency than making the US self-sufficient in energy -- unless one counts some of the steps thereto, such as the removals of Obama, Schumer, and Stabenow. Thanks ColdOne.
QE2 QE2 QE2
We can mess with our currency, but the Chinese cant mess with theirs.
The chinese should tell us to buzz off next time we need another loan.
What is scary is that Schumer is acting less of Commie than the Commie Free Traders who support Free Trade with Communist China
Something has to be done with Communist China and their currency devaluation....it is a destructive non-tariff barrier on US goods. Of course, the best way to handle this is a tariff on all Communist Chinese goods
Free Traders....How does it feel to be more of a Commie than Chuck Schumer? You support Free Trade with Communist China....you are a Communist
Funny that Little Debbie never complains about the speed with which we print our own currency...
We have been in a trade war for some time now. The problem is we have not been fighting it.
100% Correct. The Communist Chinese have been conducting a Trade War on the United States for decades. The supporters of Free Trade with Communist China are either brain-dead idiots...or....working to help the Communist Chinese.
Free Traders are too dumb to realize that they are now to the left of people like Chuck Schumer....
I take the stopped clock right twice path with Schumer.
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