What did President Obama have to say about China’s currency manipulation in 2008?
During an Alliance for American Manufacturing (AAM) Presidential Candidates Town Hall in Pittsburgh, PA in 2008, then-Sen. Barack Obama took a tough stance on China’s currency manipulation:
"The problem is that, for all the tough talk of George W. Bush, he is a patsy when it comes to negotiating these agreements. And what we need to do is to just be better bargainers and say look, here's the bottom line, you guys keep on manipulating your currency, we are going to start shutting off access to some of our markets."
It sounds like back in 2008 President Obama would have signed on to S. 1619, the Currency Exchange Rate Oversight Reform Act. Unfortunately, since trading in his Senate seat for the Oval Office, President Obama hasn't done anything to address China's cheating. We hope that he decides to follow the lead of the 62 Senators who voted to pass a cloture motion on S. 1619 yesterday and takes a strong stance against China’s job-killing currency manipulation.
Watch the clip below:
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