Presumably China has been artificially suppressing the value of the Yuan for a while now in order to boost exports.
Many of our law-makers are determined to attempt to level the playing field, ultimately of course, yielding more US jobs.
There's a bill moving through the the house whose aim is to apply retaliatory tariffs for nations that are found to have “misaligned†currency, even if Treasury does not find monetary manipulation.
What's interesting about this issue is that congressional support seems completely non-partisan.
Obama frets that this legislation will just **** off the Chinese and ***** up on-going negotiations.
Speaker of the House Boehner(R) fears a trade war if this bill were to pass.
House Majority Leader Reid(D) sponsors the bill and is counting on law-makers from both sides of the aisle to get it passed.
Speculation is, of course, that it's all just politicking - a bit of saber-rattling to detaunt the chinese and timed to catch votes for being good pie-tenders.
How does the House Asylum vote - Yay or Nay?
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Alma wrote:
I lost my post
I abstain (I can do that, right? Or is it that I refuse to vote?). I honestly would need to review how it could potentially affect us. I understand wanting to protect US jobs, but I highly doubt it would do much besides **** off the Chinese. Tariffs generally are just... blah. Isolationism sounds good in theory, but in practice it usually comes back to haunt the isolationist country... we didn't grow into the powerhouse we are today by shutting off trade to outside countries. Hell, traditionally we forced other countries to trade with us at gunpoint (hello, Japan).
I'm leaning more toward nay, now that I think of it.
I'm leaning more toward nay, now that I think of it.
Nay, and I don't think I need to elaborate on why.
Jophiel wrote:
I managed to be both retarded and entertaining.
I say go for it.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
Meh, I'll need to do some research on it a bit before deciding. Abstain for the moment. While it's true that usually tariffs = bad, I'm no economist (then again, neither is Congress).
Edited, Oct 6th 2011 5:52pm by IDrownFish
Edited, Oct 6th 2011 5:52pm by IDrownFish
idiggory, King of Bards wrote:
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I think that China's suppression of the yuan will end badly - I can't see the kind of growth they've had sustainable much longer. They're going to run up a bubble and the resulting pop will be very messy. Perhaps letting them crash and burn will improve our own trade status, except that China owns so much of our debt that it will make things worse. but I don't really know how that works exactly, so I can't rely too heavily on that assertion.
publiusvarus wrote:
we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
It take Yuan to know Yuan!
Anything that weakens China economically and thus militarily I am all for. They aren't ready to go toe to toe with us. Yet. At their current buildup rate they will be within 10 years though, at least on a limited scale in the south pacific.
Anything that weakens China economically and thus militarily I am all for. They aren't ready to go toe to toe with us. Yet. At their current buildup rate they will be within 10 years though, at least on a limited scale in the south pacific.
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Dread Lörd Kaolian wrote:
It take Yuan to know Yuan!
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
lolgaxe wrote:
Dread Lörd Kaolian wrote:
It take Yuan to know Yuan!
Let me guess; Mexico will be the next economy to fall to China...Because it takes Yuan to know Juan.
publiusvarus wrote:
we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
Juan way nor the other, they'll get a peso the action soon enough. I think its a bit Loonie to think Mexico will go before Canada though. The British will Pound their econamy into rubble!
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Dread Lörd Kaolian wrote:
Juan way nor the other, they'll get a peso the action soon enough. I think its a bit Loonie to think Mexico will go before Canada though. The British will Pound their econamy into rubble!
Are Euro-ver the puns now?
Alma wrote:
I lost my post
I say do it, country is alkl ready ****** it couldn't make it any worse, 
HEY GOOGLE. **** OFF YOU. **** YOUR ******** SEARCH ENGINE IN ITS ******* ****** BINARY ***. ALL DAY LONG.
Debalic wrote:
I think that China's suppression of the yuan will end badly - I can't see the kind of growth they've had sustainable much longer. They're going to run up a bubble and the resulting pop will be very messy. Perhaps letting them crash and burn will improve our own trade status, except that China owns so much of our debt that it will make things worse. but I don't really know how that works exactly, so I can't rely too heavily on that assertion.
I'm guessing they're trying to bring an overheated economy in for as soft of a landing as possible.
That monster in the mirror, he just might be you. -Grover
Elinda wrote:
Dread Lörd Kaolian wrote:
Juan way nor the other, they'll get a peso the action soon enough. I think its a bit Loonie to think Mexico will go before Canada though. The British will Pound their econamy into rubble!
Are Euro-ver the puns now?
I might coin a few more after dinar.
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Dread Lörd Kaolian wrote:
Elinda wrote:
Dread Lörd Kaolian wrote:
Juan way nor the other, they'll get a peso the action soon enough. I think its a bit Loonie to think Mexico will go before Canada though. The British will Pound their econamy into rubble!
Are Euro-ver the puns now?
I might coin a few more after dinar.
Edited, Oct 8th 2011 10:28pm by Lubriderm
Duke Lubriderm wrote:
Dread Lörd Kaolian wrote:
Elinda wrote:
Dread Lörd Kaolian wrote:
Juan way nor the other, they'll get a peso the action soon enough. I think its a bit Loonie to think Mexico will go before Canada though. The British will Pound their econamy into rubble!
Are Euro-ver the puns now?
I might coin a few more after dinar.
Edited, Oct 8th 2011 10:28pm by Lubriderm
You'd Lek to think so, Baht you should Taka Real Gourde look again, maybe Rupee t them a few times and you'll see Vatu did wrong.
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Well, nobody can accuse you of cowrie-dice.
This is one royale-y screwed up thread.
remorajunbao wrote:
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