On the recordOctober 6, 2011
I rise in support of moving forward on this legislation. I wish I could fix the Senate. It is not functioning the way any of us wishes--plenty of blame to go around. The Congress's approval rating is at 15 percent. But here is some good news. There is a piece of legislation before us that, if we can ever get a vote on the legislation, would have overwhelming bipartisan support that actually would matter to the average, every-day person. When you look through your Congress, you have got to say: What is it about those folks up there? Why can't they do the things that all of us know need to be done? There is a difference of opinion about how to deal with China. This is a complicated issue. But the one thing no one is telling me on the other side: Lindsey, they are not manipulating their currency. I think as the American Taxpayers Union--great organization; I am in pretty good standing with them. I disagree with them on how to proceed against China in this particular instance. I think they said in their own letter: We agree, China manipulates their currency. Well, if they do manipulate their currency, what does it matter? It matters a lot if you are an American business man or woman trying to compete in the world marketplace. As Senator Schumer said, the Chinese manipulate the value of their currency--6.3 yuan to the dollar; it used to be 8-point something. What does that mean?…





