Political Quotes

“Mr. President, I am here to share a few thoughts as we move to the final vote on the China currency legislation that I believe we must pass. I find it difficult, almost impossible, to believe there is a universal acceptance of the fact that the manipulation of currency by the Chinese Government--their efforts to keep their currency low, tied directly to the U.S. currency, regardless of the economic forces in the world that would argue for and set a different relationship between those currencies--the net result of that has been to damage the American economy, and I do not think anybody disputes it. In fact, some of my colleagues in this body who have opposed the legislation out of fear of a trade war or something else have all acknowledged that the currency factors set by China are not good. They all acknowledge it adversely impacts the economy of the United States and costs American jobs. It is not right. It is just not right, and we are losing jobs dramatically. The Federal Reserve Chairman--I would ask us to ask ourselves: Is Mr. Bernanke, the Chairman of the Federal Reserve, a protectionist? Is he somebody who does not believe in trade? Is he somebody who is trying to stop trade? I do not think so. This is what he said last week on the question of jobs in his testimony before the House: Right now, our concern is that the Chinese currency policy is blocking what might be a more normal recovery . . . in the global economy. Blocking a normal recovery from a recession.…”