Political Quotes

On the recordSeptember 15, 2010
Yes. Well, I would say that if it's balanced, and I think all of the workers and the business people in America would say this, if China is not manipulating their currency, if there was some balance with human rights and worker rights and the environment and those kinds of things, we would compete with anybody. But what we have now under the current trading system, with China blatantly manipulating our currency, we had almost everybody at this hearing today acknowledging that China is cheating on their currency, Democrats and Republicans. But we had a lot of Republicans on the other side saying, we just don't think this is the approach. And it gets back to these multinational corporations that have a stranglehold on a lot of the politics going on here in the United States capital. But we need to bring this bill to the floor of the House of Representatives, and we need to pass it, and we need to take on the Chinese. We are not going to have a country left in a decade or so if we are not making things. You get the spinoff. You get the technology. You get the patents. You get five, six, seven, eight spinoff jobs for every one job. You are actually making something and moving it to you and you improve it and add value and you pass it along and add value. And then it's assembled; then its trucked. There is the spinoff that we get with manufacturing. That's how we are going to resuscitate the middle class.…
Said by
Tim Ryan
Democratic · Ohio

Editor's note · Context

Speaker addresses the impact of China's currency manipulation on American manufacturing and the economy.

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