Lawmakers target China for Beijing’s “economic murder” of US jobs

[NNN0LHI]

http://www.khaleejtimes.com/DisplayArticle08.asp?xfile=data/international/2011/September/international_September915.xml§ion=international

US lawmakers target China with currency bill (AFP)

23 September 2011

WASHINGTON — Angry US senators unveiled legislation Thursday to punish China over its alleged currency manipulation, vowing to put an end to Beijing’s “economic murder” of US jobs.

The measure aims to make it harder for the US Treasury Department to avoid labeling Beijing a currency cheat, triggering various sanctions, while making it easier for US companies to seek retaliatory tariffs on Chinese goods.

China’s leaders “get away with economic murder” by keeping the yuan, and thereby the country’s exports, artificially cheap, charged Democratic Senator Chuck Schumer, a key backer of the bill.

Democratic Senator Sherrod Brown, who led the effort, said currency manipulation “is not competing, it’s cheating” and promised the bill would mean “no more foot-dragging by our government” on confronting China.

[dixiegrrrrl]

1. Just when you think they cannot say anything dumber than before....

sheesh.,