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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (44723)10/1/2003 2:18:55 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
China

Senator Charles Schumer, Democrat of New York, joined by 3 stupid Republicans (Dole, Graham and Bunning), are proposing an across the board tariff on Chinese goods unless the Chinese revalue their currency. If the Chinese currency is truly undervalued, shouldn't we be grateful for the discount our citizens get when they buy Chinese goods? If WalMart gave every American a discount card entitling them to 40% off at WalMart, and Mr. Schumer took it away from them because Target was losing sales and jobs, how do you think people would react? I think they would not be happy. Forcing the Chinese to revalue will simply raise the price of Chinese goods and lower the standard of living for most Americans.

schumer.senate.gov

Posted by Bruce Bartlett at 11:21 AM | link
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