On the recordApril 6, 2005
first, I acknowledge that it has been a pleasure to work with Senator Schumer and others to develop this amendment. We have been involved in this effort for 2 years. We come from different ends of the political spectrum on many issues, but we found common ground here because we hear the comments, whether it is in South Carolina or New York, from manufacturing entities and other business people basically saying China has a business relationship that we cannot compete with. The political dynamic here is real. Senator Lugar explained how this amendment affects this bill. I want to let him know I totally understand that. We are now basically running out of options. As Senator Schumer said, whether this amendment becomes law is probably not the point. The point is that the Chinese need to understand where the Senate and House stand. The President spoke numerous times about trying to get China to change the value of the currency. Secretary Snow has been to China and brought up this topic. There has been a begrudging movement in words but none in deeds. Talk is literally cheap with the Chinese. Their money is cheaper and it is having an effect on our economy and world relationships that need to be met with decisive political action, because the truth is, for the last decade we have had a very mixed message when it comes to China--both Republicans and Democrats. The only thing the Chinese understand is resolve.…
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