Forum Post: Since U.SRepublican House Speaker does not support jobs in the US can we some of the Protesters to go to his office and do a sit in ( 60 style ) until he does ?
Posted 12 years ago on Oct. 31, 2011, 5:43 p.m. EST by cpmcgivney
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http://www.cnn.com/2011/10/07/world/asia/jaime-china-currencies/index.html?iref=allsearch (CNN) -- Since China adopted a "managed float" of the renminbi (RMB) in 2005, the RMB has appreciated in real terms by over 20 per cent against the U.S. dollar. Still, politicians and economists in the U.S. say China is guilty of "currency manipulation" and say the RMB remains artificially undervalued. The U.S. Senate on Thursday voted to push a bill which will impose punitive tariffs on China for allegedly manipulating the RMB exchange rate to gain unfair trade advantage. U.S. President Barack Obama said China is manipulating its currency but expressed concerns about backing the Senate bill. China opposes the bill, warning that it "seriously violates rules of the World Trade Organization and obstructs China-U.S. trade ties." U.S. Republican House Speaker John Boehner does not support the bill either.