« Powell Blasts White House For Smearing Murtha | Main | Today's Housing Bubble Post »


November 28, 2005

Who The Bush Administration Works For

-- by Dave Johnson

China is not a currency manipulator, U.S. says

In a blow to American manufacturers and other firms feeling competition from Chinese exports, the U.S. Treasury Department said Monday that China is not a currency manipulator.
Another source, White House: China not manipulating money
"The administration's lack of action today hurts all Americans by refusing to acknowledge the obvious - that China manipulates its currency," said Sen. Chuck Schumer.

[ . . . ] American manufacturers believe that China has purposely kept its currency undervalued by as much as 40 percent, making Chinese goods cheaper for U.S. consumers and making American products more expensive in China.

Posted by Dave Johnson at November 28, 2005 2:22 PM

Trackback Pings

TrackBack URL for this entry:
http://www.seeingtheforest.com/cgi-bin/mt/mt-t.fcgi/1154

Listed below are links to weblogs that reference Who The Bush Administration Works For:

» Euro May Fall as Trichet Signals Slower Pace of Rate Increases from Currency News Blog
Jan. 16 (Bloomberg) -- The euro may drop after European Central Bank President Jean-Claude Trichet suggested the pace of economic growth in the region will limit interest-rate increases, a Bloomberg survey shows. Fifty-one percent of the 59 traders, ... [Read More]

Tracked on January 16, 2006 8:10 AM


Comments

Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?



Email this entry to:


Your email address:


Message (optional):


Return to main page