Praise for Senate vote on currency bill from the Alliance for American Manufacturing (AAM)

Posted by scapozzola on 10/03/2011

This evening, the U.S. Senate voted to move forward on S.1619, the Currency Exchange Rate Oversight Act of 2011, a bill that would provide recourse for U.S. manufacturers adversely affected by China’s ongoing currency manipulation.

Said Alliance for American Manufacturing (AAM) Executive Director Scott Paul:

“The message from today’s vote is clear: the Senate believes that Uncle Sam should no longer be Uncle Sucker.

“The Senate’s vote today to proceed on legislation to deter China from currency manipulation is a major victory for American workers and manufacturers. The strong, bipartisan vote should send a signal to China—as well as to the White House and House Republicans—that voters are demanding action to defend American jobs and a level playing field for U.S. businesses.

“Passage of China currency legislation will have a positive, lasting effect on American job creation, economic growth, and our manufacturing sector, at no cost to taxpayers. There is no excuse for delaying this bipartisan solution.

“The Alliance for American Manufacturing commends the leadership of Sen. Sherrod Brown (D-OH) and the large, bipartisan team of Senators that introduced China currency legislation. We’d also like to thank the tens of thousands of AAM activists who have weighed in with their elected officials.

“Currency legislation has always been a bipartisan effort. This vote furthers that notion, and we will continue to work hard for final passage in the Senate, and will not rest until the House considers this bill.

“Both the House and Senate are now on the record in favor of real, concrete action. President Obama should take notice as he prepares his Oct. 15 report to Congress and steps forward to name China as a currency manipulator.”

1 comment

Anonymous wrote 2 years 45 weeks ago

Vote on Currency Bill

It is about time! Time for change in the White House. Tired of these senators that seem to think that the American workers are no good, when in fact we are the best! What gets me is...why would any manufacturer think it would be okay to take its work out of the country, thus eliminating thousands and thousands of jobs...then bring their good back to the USA to sell? Common sense is that most AMERICANS cannot afford it...because they have no work. Even earning minimum wage, they can not afford to live today. Wall Street greed and Corporate greed has gone to far and American Citizens need to fight back!

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