China: US currency bill would have repercussions

Of course China cautions against protectionism! Good lord people, when will we wake up? We have crippled our ability to produce goods, employ people and therefore purchase goods by allowing other countries to dictate what is fair trade. Give tax breaks to US companies that employ workers domestically in "quality" jobs. Tax heavily those who move off shore and then import thier products back into the US. If you benefit from our country you should either contribute equally or pay heavily!!!!!!!!!!!!!!!!!!!!!!

The Chinese learned from the U.S. and Japanese trade imbalance back in the 80s and early 90s. They learned that the U.S. can be manipulated - the greed of corporate America and its political pawns..

buying everything from China is what caused our country to mess up in the first place. Lets start the American Factories back up. We can make anything here. This in it's self would help our country get back to work. if you want people to buy American, first they need a job.

What people don't realize is how SUBSIDIES work ;
The Chinese Gov. gives a rebate from 10 to 30% on exports to Chinese manufacturers shiping abroad, say if a Chinese company exports a million dollars, gets a check from the Chinese Govt. of US$200,000 in turn - what the company does is to sell the US buyer at cost - and his real profit is the subsidy in most cases given by the Chinese govt...HOW CAN US COMPANIES COMPETE...? The answer is THEY CANNOT.
Happy the US Senators are opening their eyes as the US must export and start producing again, otherwise it will go a severe RECESSION ( worst than presently ). Again GREED by US Importers has brought about this vicious circle too.

this bill should of been passed a long time ago....to bad it took a 10.9 percent unemployment rate to make it happen.

It's pretty obvious that this bill will benefit the United States, else why is China so up in arms about it?... My two cents is this... "Rip The Bandaid Off, Don't Tug At It!" Make Profound and Drastic Changes or this will keep dragging on as it has been for the last 60 years. Make a Stand! Make a Change! before you really see the ugly side of desperate.

BooHoo on China! If we stop exports to them, we won't have in buy it back in the form of junk. We can rebuild America, gain jobs, and bring back American Pride! I'm willing to buy American, Are YOU?
Boycott China Junk!

Okay, how about this guys? In exchange for us not passing this bill and Obama signing into law, PLUS compensation for all the intellectual property you copy without consent of patent or copyright holder, software piracy, movie and music piracy basically, but we'll say it politely IF you forgive our entire debt to your country and you allow us to render null and void the T-bills you hold. Start with a fresh slate, how about that?

The US is exercising FAIR PLAY something that should have done long ago, but GREED by US Companies benefiting from trading with China impeded such moove. Hope is not to late, as in the "Balance of Trade" between both, the US was taken for a big ride. GOOD INITIATIVE.

Looks like it is going to be hard to get our tariffs back up to where they were, and get our jobs and economy back. They should have thought of this before they lowered them and we started to lose our independence to socialistic countries .like China. Now who has the upper hand??? The greed of large companies wanting slave labor from overseas couldn't see the big picture.

if it didn't cost twenty dollars to make an .80 cent toy, maybe there would be more toys that said made in America. Why does it cost so much? well let me tell you, American greed. This is why we buy every thing from China because its so cheap, just like corporate America. But on the other hand who can survive on $10 per hour? In today's American economy you have to be earning $50,000 or more and if you have kids you still have to watch every penny. To go back to the days of old, manufacture products in America and once again become self sufficient, we must do some major house cleaning up on the hill. The problem with this, politicians built a safety net for themselves complete with job security. Look at the age of our government 1/5 of our leaders are beyond the national average of retirement but yet they are still there, still acting like they are looking out for the greater good. Many of them are sitting at home and still drawing a full paycheck, no I take that back they are not at home, they are sitting on the porch of their vacation homes we paid for collecting that fat check. We can not blame China for giving us what we want, that's simply casting the blame away from the truth, we need to point the finger right back at ourself.

screw china, everything we own in america is made in china, it is ridiculous, stop buying crap made in china, all it does is weaken our market and kill our children, they use lead pain in everything, lazy @ss americans need to wake up and buy that which is made in this country by U.S. citizens, we don't need anyone else in the world, we need to take care of ourselves, pull all of our troops out of everywhere else and lets take care of #1, the United States of America, let every other country fight there own wars, feed there own hungry and handle their own problems, we have enough problems in our country already, PULL OUT

I see that they will do anything for the American dolllar, dumping,

to dump below-cost goods into foreign markets.

Bring back the slogan Made in the good USA , stop saying, Congress, saying Obama, saying is the rich, is the poor, its time to fix fix remennber the slogan its not what your goverment can do for you , but what can you do for your country God Bless America

The Chinese are taught to be loyal to china and in some cases their people can be punished if they are not. This is the way around the Chinese worry we fine or tax the people for not buying American and not fine the product. In more cases if people just read the lable they would realize price of American products are cheaper. The economic war is fought from within also.

"China stepped up its criticism Tuesday of a proposed U.S. law to punish countries with artificially low currencies,..."- so China agrees that they've been cheating us with an artificially low currency value.

gave a thumbs up to mr_A's comment: “There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.” -- John Adams

this is freakin nuts you have congress selling our jobs over seas to lift up their economy and the ticket that we were suppose to have was under the understanding the innovation jobs would kick in but that never happened! instead we are standing still with no jobs the banks are closing their lending dept so they dont have to answer to no one and no one goes to jail for scrutini that they put the USA in so pretty much they spit in our face after we bailed out their banks and no new incentives for us. They should be thanking us instead we get slap like a #$%$ i THINK ITS TIME TO IMPOSE TO THESE BANKS THAT IT WAS OUR MONEY THAT SAVED THEIR DUMB AS AND THEY NEED TO PAY US BACK WITH INTEREST AND IF THEIR PAYMENT IS LATE ONE DAY THEY HAVE TO PAY THE PENALTY PLUS INTEREST AND STOP THE CRAP OF EVER BAILING THEM OUT AGAIN IT WILL NEVER HAPPEN AGAIN WE WILL REMENBER WHAT THEY DIDTO US!!!!!!!!!! SO IN ANOTHER WORDS THE HELL WITH THEM AND THE OTHER THINGS IS AS FAR AS THE SMALL BUSINESS ADMINISTRATION IS CONCERN INSTEAD BLOCKING INNOVATIVE IDEAS AND NEW CONCEPTS LIKE JOINT VENTURES THEY SHOULD GET THE HELL OUT OF THE WAY!!!!!!!!!!!!!!!!!!!1

I urge the U.S. to immediately cut ties with China. Our country became prosperous before we dealt with China. We simply don't need them. Mr. President, do as you promised and abolish free trade.

We are a self sufficient country and need to realize this. Stop thinking so politically and more logically. What does any other country have that we aren't able to produce here. Yes, I know mabey it's somehow less expensive to build a tinker toy in china and have it shipped 1000's of miles away but I don't care. Let's build electronics here (we could use the high tech jobs). That's all they are holding over our heads. It's that simple. Sometimes a big explosion can get peoples attention for decades. Might be time to send another message. Peace?