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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (114300)5/17/2005 3:27:56 PM
From: Ilaine  Respond to of 793963
 
I think devaluing the Chinese currency against the dollar would be a disaster for the Chinese economy, and don't blame them a bit for trying to avoid it.

It will be interesting to see if they can avoid currency speculators, though.



To: KLP who wrote (114300)5/18/2005 4:04:42 AM
From: frankw1900  Read Replies (1) | Respond to of 793963
 
Just what the hell good would this do for the US economy?

However, last month, the Senate by a lopsided 67-33 vote cleared a procedural hurdle that sets the stage for a vote on legislation that would impose across-the-board 27.5 percent penalty tariffs on all Chinese imports into the country unless China changes its currency system.

At least there are 33 senators who are not economic illiterates.


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