Creating a strawman
NEW YORK (CNNMoney.com) -- Lawmakers say China's currency is unfairly cheap and passed a measure Wednesday that opens the door to tariffs that aim to help U.S. companies compete. The legislation, which authorizes the Commerce Department to impose duties on imports from countries with undervalued currencies, passed the House of Representatives by a vote of 348 to 79. The Senate, however, is not expected to take up the issue until later this year. The bill got support from both sides of the aisle, a rarity in recent sessions, with Democrats framing the legislation as a jobs issue.... China seems to be the cause of US failing economy. And to be specific, it is the Yuan that is causing the problem. By forcing the Yuan to appreciate, all the American problems will go away, jobs will be created, trade deficit will be in America's favour. And all the American heroes in the Congress are in unison, in one mind, to fight China, the new spectre, the new enemy. They have all united, Republicans or Democrats, just like they were united and stood shoulder to shoulder in their votes to invade Iraq. Fortunately China is not a pushover. Otherwise American warships will be in Shanghai like Commodore Perry sailing to Kyoto to open up Japan for trade. Well done America, the champions of free trade! Who is going to pay for this gungho, bravery and madness! The American public of course. Just like they paid with the lives of their children and public money for the invasion of Iraq. The Congressmen can thump table in the comfort of Congress and cheering everyone on. The American public will have to pay more for everything they import. No more cheap toys for Christmas.