Obama believes China is manipulating currency
on January 22, 2009 in China, Currencies, Obama 1 Comment
Here we go:
Think they realize exports are real costs and imports real benefits???
Obama Deems China ÃƒÂ¢Ã¢â€šÂ¬Ã‹Å“ManipulatingÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ Yuan, Geithner Says
by Rebecca Christie and Mark Drajem
Jan 22 (Bloomberg) — President Obama — backed by the conclusions of a broad range of economists — believes that China is manipulating its currency,” Geithner said in the remarks, which were posted on the Senate Finance Committee Web site today. “The new economic team will forge an integrated strategy on how best to achieve currency realignment in the current economic environment.