Anti-China rhetoric raises threat of war
The bill that was poised for passage in the US Senate Thursday with bipartisan support, mandating a US currency war with China, is a cynical diversion. Amid a rising tide of protest directed against Wall Street, the Democrats are taking the lead in an effort to provide a foreign scapegoat for the crisis of American capitalism.
The bill was introduced by Senator Sherrod Brown of Ohio, one of the states hardest hit by the collapse of US manufacturing, and it had the fervent support of other industrial-state Democrats like Debbie Stabenow of Michigan, Charles Schumer of New York and Robert Casey of Pennsylvania.
Twelve Republican senators joined with most of the Democrats to provide the 62-38 margin to invoke cloture and end debate on the bill. These include some of the most notorious reactionaries in the Senate, including six from southern states devastated by textile mill shutdowns: Richard Burr of North Carolina, Thad Cochran of Mississippi, Saxby Chambliss and Johnny Isakson of Georgia, and Jefferson Sessions and Richard Shelby of Alabama.
One of the arch-warmongers in Congress, Republican Lindsey Graham of South Carolina, backed the bill in a 79-19 procedural vote Monday to bring it to the floor of the Senate. Graham was one of nearly two dozen Republicans who support the bill but voted against cloture in an effort to add several reactionary amendments.
more....
http://www.wsws.org/articles/2011/oct2011/pers-o07.shtml