Irony: House Republicans complaining about China currency but refusing to take action

Posted by scapozzola on 04/27/2012

House Ways and Means Chairman Dave Camp (R-MI), along with the Republican members of the Ways and Means Committee, sent a letter to the Obama Administration today regarding the upcoming meeting of the U.S.-China Strategic & Economic Dialogue (S&ED). 

Their letter highlights key concerns regarding both U.S. access to China's market and Beijing's "currency misalignment," which continues to be a "serious problem."

There's an irony to this letter: these House Republicans talk about currency misalignment, but House Speaker John Boehner has refused to allow H.R.639, "The Currency Reform for Fair Trade Act," to come to the floor for a vote. 

Boehner's obstruction on the bill is unfortunate since H.R.639, which would address China's undervalued currency and has already garnered 64 House Republican co-sponsors. 

One has to wonder, though, if Speaker Boehner and others in the GOP would support Governor Romney's campaign pledge to designate China as a currency manipulator on day one of his presidency?

Read the full letter.

Related recent Blogs

@KeepitMadeinUSA on Twitter

  • The U.S. might be a "rising star" in manufacturing, but there's still a lot of work left: 4 hours 56 min ago
  • If the United States wants to maintain its "rising star" manufacturing status, it must do a few key things: 8 hours 4 min ago
  • That's right: the U.S. is a "rising star" in manufacturing. But there's more to do to increase our competitiveness: 9 hours 19 min ago
  • .@BCGPerspectives says the United States is among the "rising stars" in global manufacturing. Here's our take: 10 hours 3 min ago
  • Great @AP Q&A w/ @papergirlmacy on Factory Man: "When I write about economics, I write from the ground up." 10 hours 49 min ago
  • RT @RachelBSAAM: If you're attending the #NCSLSummit stop by booth 940 for a one of a kind @KeepitMadeinUSA root beer opener.… 11 hours 16 min ago
  • "China is among several economies whose manufacturing price advantage over the U.S. is eroding..." 11 hours 23 min ago
  • But we also hear Titan Gilroy will be grand marshal at the MAVTV 500 IndyCar World Championship next weekend! 11 hours 29 min ago
  • Titan Gilroy is bringing the #MadeinAmerica message to @MAVTV this fall: 11 hours 30 min ago
  • Back to School Shopping? Be sure to check out our #MadeinYourCity Back to School Guide: 1 day 8 hours ago