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Paul Tonko: Absolutely. You use that technical term, I have used it, ``currency manipulation,'' over and over. Let's just throw an…

On the recordMarch 17, 2015
Absolutely. You use that technical term, I have used it, ``currency manipulation,'' over and over. Let's just throw an example out there. It is a $6,000 edge for a competing automobile imported into this Nation against what is produced by our home-driven auto industry. {time} 1915 Well, that is going to upset the whole economy. It is going to impact consumers. So currency manipulation is given a $6,000 edge. It is like giving them a check saying: Put more conditions or more opportunities into the consumer's pocket to buy more features on a car. Of course, $6,000 is going to speak to their senses, so we need currency manipulation to provide for fair trade. As you indicated, we are all for trade but not this manipulation that has hurt the American working families. We have Representative Kaptur here, and I believe we have about 5 minutes remaining. Representative Kaptur, I yield to you to share your thoughts because this is so important an issue. Again, I thank both of my colleagues for joining us here this evening and Representative Slaughter for sending in written comment that can be incorporated. Thank you, Representative DeLauro. Representative Kaptur, please share with us your thoughts.
Said by
Paul Tonko
Democratic · New York
Source
govinfo.gov
Mar 17, 2015

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