Chuck Schumer actually said...

I think that the legislation that Senator Graham and I posed played an effect.

President Obama, backed by conclusions of a broad range of economists, believes that China is manipulating its currency.

They still didn't let the currency freely float, but they were still manipulating it, but they let it rise.

All these high-minded editorial boards who love to just say, 'We are so much smarter than politicians,' were wrong.