The China Syndrome:
The country’s currency manipulation costs 900,000 US jobs. So why are Republicans stalling efforts to end the practice?
“Chinese currency manipulation is the single biggest reason why so many Americans are still jobless,” says Peter Morici…But attempts to address the problem have hit a Great Wall here at home. Senior House Republicans…oppose [a bill ending] it, says an inside source familiar with the negotiations, because “US multinationals with operations in China really don’t like it.”