Showing blog posts tagged with China
Stumping for president, Republican candidates have finally figured out that the public cares more about job creation than deficit reduction. But their solutions involve luring corporations back to this country from overseas by eliminating regulatory policies that could make working conditions here a lot more similar to those offshore. A recent Jon Stewart segment shows just what that would entail.
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Go to any gathering, and you’ll find nearly every person carrying an iPhone or an iPad, despite the Apple Computer’s dismal record on labor practices. Apple executives must be laughing all the way to the bank — their Swiss bank, that is.
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House Republicans killed another jobs bill tonight, with nearly all of them casting a vote on a procedural motion that buried the Currency Reform for Fair Trade Act (H.R. 639). The bill, which would have held China accountable for its job-killing currency manipulation, was passed last night by the Senate. The motion to bring the bill to the floor was defeated 192-236, with only four Republicans joining 188 Democrats in supporting the move to bring the legislation to a vote.
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By a wide margin, the U.S. Senate this evening passed a bill to hold China accountable for its job-killing practice of currency manipulation. The 63-35 vote on S.1619, the Currency Exchange Rate Oversight Act of 2011, is a good step toward creating U.S. jobs.
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The U.S. Senate today will vote on a bill (S. 1619) to hold China accountable for its job-killing practice of currency manipulation. According to new data, 2.8 million American jobs were lost or displaced over the past decade due to the growing U.S. trade deficit with China—fueled by Chinese currency manipulation. (Call your senators today and urge them to vote for S. 1619 or click HERE to e-mail your senators.)
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A bill to hold China accountable for its job-killing practice of currency manipulation passed its final procedural hurdle in the Senate this morning 62-38 and is expected to pass in a final vote later today.
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Next week, the U.S. Senate will take up consideration of a bill to address Chinese currency manipulation. The Republican-controlled House is holding up its version of the legislation, even though it passed the House with overwhelming bipartisan support in 2010, with 99 Republicans supporting it.
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The U.S.-China trade deficit has eliminated or displaced nearly 2.8 million jobs, mainly in manufacturing, following that country’s entry into the World Trade Organization (WTO) in 2001, according to a study released today. View an interactive map of jobs lost throughout the United States here.
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