China's Undervalued Currency Benefits Americans
Politicians looking for quick fixes to perceived U.S. economic illshave focused yet again on trade. The China Currency ManipulationAct of 2008 was introduced in the United States Senate on April 3by Senators Jim Bunning (R-KY), Debbie Stabenow (D-MI), and EvanBayh (D-IN). Presidential candidates Senator Hillary Clinton(D-NY) and Senator Barack Obama (D-IL) both endorsed thelegislation while campaigning in Indiana.
Source: heritage.org