If that impressed you -- The Black Lodge Saloon

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Date Posted: 16:01:54 06/25/12 Mon
Author: BFIH
Subject: If that impressed you
In reply to: coyotyl 's message, "U.S. orders tariffs on Chinese solar panels" on 10:23:17 06/21/12 Thu

Multiply the impact times thousands of industries and note that Obama is finally taking this action only a few months before an election after several American manufacturers of solar cells have already gone bankrupt and had their cutting edge technology transferred to China.

Now let Obama designate China as a currency manipulator and we might see some progress, but he has already REFUSED to do so earlier and has just finished doing so AGAIN which is a huge part of why his economic policies are a continuation of the disastrous policies of the Bush years.

http://articles.latimes.com/2012/may/25/business/la-fi-mo-china-currency-20120525

U.S. declines to label China a currency manipulator
May 25, 2012|By Don Lee

The Treasury Department declined to name China a currency manipulator� (Dale de la Rey / AFP/Getty�)

WASHINGTON -- The Obama administration may be getting tougher with China on trade, but its approach in dealing with Beijing on the thorny currency issue remains patient diplomacy.

The Treasury Department, in its semiannual report Friday on exchange-rate policies, once again refrained from labeling China a currency manipulator -- an accusation that would embarrass Beijing and trigger negotiations and possibly even lead to U.S. sanctions.

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