Administration Warned That It Must Do More To Curb China’s Currency Manipulation
OPS_admin | Jul 10, 2010 | Comments 0
Lawmakers and others are warning administration officials that they must do more to ensure a more fairly-valued Chinese currency, or otherwise put American jobs and President Obama’s hopes to grow the U.S. economy in jeopardy.
The U.S. Treasury issued a report Thursday designating the Chinese currency as undervalued — but stopped short of designating China as a currency manipulator.
China’s undervalued yuan, also called renminbi, artificially depresses the cost of Chinese products and falsely increases the price of American goods. The resulting lopsided trade has closed American factories and cost American jobs.
Full Story: On The Hill: Administration Warned That It Must Do More To Curb China’s Currency Manipulation.
Filed Under: Foreign Policy
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
