The Mitt Romney campaign is airing an ad promising that on his first day in office Romney would "stand up to China" and demand "they play by the rules." Romney has the opportunity right now to demonstrate that he will live up to these words. He can ask Republicans in Congress to sign a discharge petition to bring up for a vote a currency manipulation bill that 61 of them co-sponsored. more »
In November President Obama said, "enough is enough" to China's currency manipulations. Today the Treasury Department said it hasn't seen enough to call China a currency manipulator. more »
Congress just passed three more NAFTA-like trade deals, so our country's trade deficit is going to get even worse. And pressure on working people to accept pay and benefit cuts and longer and harder working hours is going to get even worse. And the rewards to the top 1%, at the expense of the rest of us, are going to get even greater. more »
The fight to get China to stop their currency manipulation is heating up. China keeps its currency very low, giving their goods a huge price advantage even before all their other trade manipulations come into play. This costs us jobs, factories, companies and entire industries. Now the Congress is taking steps to force them to stop. more »
President Lyndon Johnson is said to have commented that the press is like birds sitting on a telephone line. When one flies away, they all fly away. more »
What a difference a week makes. Just last week, the Beijing government and outsourcers thought they could run out the clock and avoid a long overdue legislative reckoning on China's currency manipulation, which serves as a drag on global growth, a siphon for American jobs and wealth, and an inflator of dangerous imbalances in the world economy. more »
Congress may be poised to pass legislation to penalize China unless its government plays by agreed-upon rules of international trade and stops manipulating its exchange rate. This currency manipulation, which makes U.S. more »
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