General Discussion

JaneyVee

(19,877 posts)

57. Trade surpluses create jobs, factories, and industry...

Wed May 13, 2015, 07:38 PM

May 2015

But currency is supposed to fluctuate to level the playing field. Instead, places like China buy up dollars and other currencies to force up demand and cause those currencies to have a higher, "stronger" price than their own currency. By keeping their currency “weak” it allows their industries to keep the price of what they are selling more competitive elsewhere. Ending currency manipulation would thus make American industry stronger and able to compete to a wider market.

It's a bit more complex than that but I'm finishing up at work and will possibly post more later. Still paying off the last of my student loan for my economics and film degrees. Ironically.

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BREAKING: Senate Reaches Agreement To Move Fast-Track Trans-Pacific Partnership Trade Authority [View all] Cali_Democrat May 2015 OP

So, we are being sold out? Kelvin Mace May 2015 #1

Appears so AuntPatsy May 2015 #2

Seems, madam? Nay, 'tis. I know not "seems". (Hamlet) Jack Rabbit May 2015 #46

you expected something else?? hifiguy May 2015 #13

No, Kelvin Mace May 2015 #17

It was a nice dream, historylovr May 2015 #33

I'm so used to gettin sold down the river that ... ananda May 2015 #25

Welcome to America Incorporated marym625 May 2015 #3

lol. hardly breaking. I posted it over an hour ago. you're late to the party. cali May 2015 #4

Sorry. I got it in my breaking news inbox just now Cali_Democrat May 2015 #7

SO Jim Kessler, Third Way, was wrong. madfloridian May 2015 #5

It didn't even take a day, just a few hours after the vote Harry was floating this plan Autumn May 2015 #11

Unbelievable. What was yesterday and all the great work for? D@!?! appalachiablue May 2015 #29

If currency manipulation is in there, I'm for this deal. JaneyVee May 2015 #6

I've been wondering if there is a trade deal that liberals would support Renew Deal May 2015 #8

Currency manipulation clause would create 3-6 million jobs. JaneyVee May 2015 #12

why do you think it would ever be enforced ? Angel Martin May 2015 #36

The IMF and WTO are the enforcers. JaneyVee May 2015 #40

WTO is a paper tiger. closeupready May 2015 #43

I'm a carpenter, could you onethatcares May 2015 #39

Here is an explanation rpannier May 2015 #55

ok, I'm almost there onethatcares May 2015 #66

Trade surpluses create jobs, factories, and industry... JaneyVee May 2015 #57

Sorry, but we've been sold this line of Obama cadaverdog May 2015 #41

Your own link says tariffs wiped out in 10 years. JaneyVee May 2015 #48

This message was self-deleted by its author lamp_shade May 2015 #9

Do you think the currency manipulation bill stands an ice cubes chance in hell of passing? Autumn May 2015 #18

That's the other thing I was wondering. Renew Deal May 2015 #32

Appears it is in there, but as a separate bill. Not sure what it says, so might not be Hoyt May 2015 #28

Finally.. busterbrown May 2015 #47

Hope to see the finished bill soon. ucrdem May 2015 #10

So screwed!!!!!! Wellstone ruled May 2015 #14

Currency Manipulation is included, this is a good deal. eom MohRokTah May 2015 #15

Well that turned out to be a short-lived victory. City Lights May 2015 #16

I think it's more like a win-win. ucrdem May 2015 #19

Exactly, what was it all for? Hope and effort built up again to see defeat-and this quick- appalachiablue May 2015 #30

Make a note of every Vichy Dem who votes for this deal Kelvin Mace May 2015 #20

I find it sort of funny you actually thought they wouldn't. Egnever May 2015 #21

Trade deals are fine Kelvin Mace May 2015 #22

When it comes to international negotiations, amending agreements is pretty much a non-starter Cali_Democrat May 2015 #23

Thing to remember, Obama is a Harvard graduate. ieoeja May 2015 #27

You called it last night ucrdem May 2015 #24

to be frank Robbins May 2015 #26

I consider those who voted against it the Vichy Dems. eom MohRokTah May 2015 #59

I'm not surprised ..... n/t fredamae May 2015 #31

So there goes more jobs and the Republicans doc03 May 2015 #34

What happened to all the populists? Agnosticsherbet May 2015 #35

There never were many awoke_in_2003 May 2015 #51

Harry Reid said he was blocking the bill to get votes on other bills. Agnosticsherbet May 2015 #60

Yep... awoke_in_2003 May 2015 #64

I hope this is untrue. Enthusiast May 2015 #37

The Oligarchs, Corporations And Banks Own And Control The Politicians And Media That Own And Control Us cantbeserious May 2015 #38

yep 840high May 2015 #54

It's just more trickle down warm piss. They say we will get jobs from it. "We"? No! Them. L0oniX May 2015 #62

It has to pass the House or it means squat. 99Forever May 2015 #42

True...to an extent..MSM is saying the House could put a hold on it or reject it KoKo May 2015 #63

Well, that didn't take long. secondvariety May 2015 #44

Say goodbye to more middle class jobs davidn3600 May 2015 #45

Weren�t around for 20 yrs. busterbrown May 2015 #49

That was called the "disappearing backbone" act... kentuck May 2015 #50

I guess I have to do this, yet again NoJusticeNoPeace May 2015 #52

Words of wisdom salimbag May 2015 #58

well figures the conservative party got the go ahead PatrynXX May 2015 #53

What did I say? Spitfire of ATJ May 2015 #56

Just remember this. All presidents will have this power ...including R's. L0oniX May 2015 #61

So let me understand this shawn703 May 2015 #65

WTF! grahamhgreen May 2015 #67