zogger's Journal: House members annoyed with manipulated currency

A large and (barely) bipartisan letter has been sent to the Treasury secretary demanding some action on China keeping the Yuan/Renminbi so low. They say this is seriously impeding trade, and I agree.

  Technically of course, China can do what it wants as well, so who cares? Let's rock *now* while we still can, no need to wait any longer.

    It is WAY past time for a little tariff action at the borders to address this issue, along with some regulation action on wealthy manufacturing real jobs getting shipped off for short term profits, and no, to me "protectionism" isn't a bad word, I WANT the government to "protect" our economy as a whole, that's part of their dang job.

    We have "protectionism" now, it just protects the profits of the top .5% of the population, and they are near hysterical to keep that little factoid hidden. This just sucks. Anything to save what manufacturing we have left. This went beyond an emergency situation a long time ago. And to make it worse, China taking all those surplus dollars from this lopsided trade imbalance and going around the planet locking in long term resource and farmland contracts, A to Z.

This is an economic "clear and present danger" and should be treated as such.

Sad to say not many Rs signed this thing, but I did notice the Rs from the hardest hit loss of manufacturing jobs places signed it. Shows they can at least read their own polls...and I can about guarantee that Rs who don't support this measure will be targeted for removal by the tea party folks in the upcoming elections. This is a simmering grass roots war against the neocons.

The "old ways" of doing things the last thirty years are broken, we need new emergency measures or we are seriously borked economically. It might be too late anyway, but we do need to at least *try* to salvage something.

And then, we need to get even more people annoyed with using debt based FRNs as our official currency. We need a lot of currency reform, all around.

Protectionism

[Marxist Hacker 42]

" I WANT the government to "protect" our economy as a whole, that's part of their dang job."

Funny, I just had a libertarian argue against me on that in the illegal immigration thread on the front page.

Re:

[Bill Dog]

That's because pure libertarians are insane -- are anarchists. As extreme as fascist statists.

Thankfully my R is signed on to this, I see. I'll remember that and vote for him. But the so few R's that did, points to the Right also having a severe problem (at least in governmental leadership positions) of being infested by Progressives. What I can't figure is how they think it's good to be strong on defense, except when it's economic. Neocons wouldn't let China weaken this country militarily or allow us to lo