Political Quotes

“Mr. Hastings has indicated that if we vote down the previous question, we will bring up H.R. 639. It's a fact that China's currency manipulation is hurting U.S. businesses and workers. According to a recent study, imports from China account for 25 to 50 percent of the manufacturing jobs we have lost over the past decade. That's 1 million to 2 million jobs, and our trade deficit with China continues to grow. An important factor in this picture is currency manipulation. American manufacturers are forced to compete against an estimated 25 percent discount on imports from China due to that manipulation. That's on top of China's massive subsidies and other policies. Dr. Fred Bergsten, who heads the Peterson Institute, says that elimination of China's undervalued currency would create a million jobs mainly in manufacturing, and that manipulation is by far the largest protectionist measure adopted by any country since the Second World War--and probably in all history. Meanwhile, the Chinese government is pushing production of high-end manufacturing products that compete head on with American products-- high-tech products, solar panels, wind turbines, automobiles, aircraft, and others. This is a bipartisan measure. A majority of the House, 230 Members, have cosponsored the bill, including 62 Republicans. The time has come for action. Eight years of talk have yielded meager results. American workers and businesses cannot wait any longer, and the U.S. economy cannot wait any longer.…”