No, it's only now that the currency manipulation can be seen so clearly. With a $500 Billion federal budget deficit, inflation should have jumped up to as much as 4%. With a 5% GDP trade imbalance between what we import versus export, we should have seen another 2.5% bump to inflation this year.
But instead of seeing 6.5% inflation (which is really just a devaluation of the Dollar), we've seen 2% inflation and a Dollar that is trading at the exact same level versus the peg-controlled Yuan (among other currencies).
That's huge. It's also undeniable. The only thing that would currently explain all of the above is that China and other countries are buying and hoarding Dollars, keeping them out of circulation in order to increase their demand.
So now it's pretty tough for any politician to miss what has been happening all along (i.e. that foreign nations have been manipulating the Dollar in order to sell more of their goods and services here in the U.S.).
Heck, show me one poster (besides you or me) who's pointed this currency manipulation out to the public prior to this month!