Republicans ask Obama to lead on China currency

[ellisonz]

Source: Reuters

Republicans ask Obama to lead on China currency
By Doug Palmer and David Lawder | Reuters – 1 hr 32 mins ago

WASHINGTON (Reuters) - Republican lawmakers aired U.S. grievances over subsidies, piracy and other Chinese trade practices on Tuesday, but said President Barack Obama must take the lead on tackling China's exchange rate policies.

As the House of Representatives Ways and Means Committee grilled Obama administration trade and Treasury Department officials, Republican leaders made it clear they would not pursue a punitive currency bill passed by the U.S. Senate.

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Representative Sander Levin, the top Democrat on the Ways and Means Committee, accused Republicans of taking a "hands off" approach to China trade at a time when the American people are demanding that Congress "act to end a variety of China's predatory trade practices," including currency manipulation.

The bill to crack down on China currency practices now has 230 co-sponsors in the House, more than enough to win approval if Boehner allows it to come up for a vote, he said.

Read more: http://news.yahoo.com/republicans-ask-obama-lead-china-currency-165630667.html

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[Dont call me Shirley]

1. Filibuster them, Mr. President :-)

[jwirr]

2. He should be careful for a trap.

[MJJP21]

3. Of course

Of course republitards want Obama to lead on this issue. Because when the attempt blows up they will be able to point to Obama and another failed mission.

[lib2DaBone]

4. The whole WTO and U.S. Trade Policy is one stinking mess....

They should have repealed NAFTA years ago.. instead, Obama passed more Bush "Free Trade" agreements.

That being said.. the Repukes are waiting to gleefully dump this huge economic failure on Obama.

Obama MUST work for the other side.. because he can't be that blind as to what is going on?