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Poll: 83% of U.S. Voters Negatively View Corporations that Outsource to China

Poll: 83% of U.S. Voters Negatively View Corporations that Outsource to China

U.S. voters across the political spectrum overwhelming have negative views of companies that outsource jobs to China and strongly support Buy America provisions, according to a poll released today by the Alliance for American Manufacturing. Voters also say strengthening manufacturing in the United States is a top economic priority and they back the creation of a national manufacturing strategy to better compete with foreign nations that already have them in place.

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Report: China Rigs Subsidies, Manipulates Currency

Dave Johnson, a fellow at the Campaign for America’s Future, sends us this.

The new U.S.-China Economic and Security Review Commission report on China should be a “wake-up call” for the United States, says Scott Paul, director of the Alliance for American Manufacturing (AAM). Click here to read the full report and here for a comprehensive list of the commission’s recommendations beginning on page 355 of the report.

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House Kills China Currency Bill and Chance to Create U.S. Jobs

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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Senate Passes China Currency Bill: Will Boehner Support Jobs as Well?

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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Chinese Currency Bill Could Lead to More than 2 Million Jobs

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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Revaluing China’s Currency Would Create 2.25 Million U.S. Jobs

If China increased the value of its currency to its real level, the resulting growth in the United States could create 2.25 million new U.S. jobs, according to a new report.      

The Benefits of Revaluation, released today by the Economic Policy Institute (EPI), explains that if the value of the Chinese currency, the yuan, and satellite currencies, such as those in Hong Kong, Taiwan, Singapore, and Malaysia, were increased by 25 percent to 30 percent against the dollar, the U.S. gross domestic product would grow as much as $285.7 billion, creating up to 2.25 million U.S. jobs. Creating that many jobs would reduce the U.S. unemployment rate by at least one full percentage point.

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