Sunday, September 26, 2010

Perry's Clear Thinking Unmuddies
Here's a little editing fun of Harold Meyerson's article in today's Washington Post:
"This week, committees on both sides of Capitol Hill will plumb the conundrum of Chinese currency manipulation. The conundrum isn't that -- or why -- China is manipulating its currency: By undervaluing it, China is systematically able to underprice its exports, putting American (and other nations') consumers and businesses that purchase China's cheap imports at a significant advantage. The conundrum is why the hell the United States thinks it should do anything about it.
There are certainly plenty of senators and congressmen -- and U.S. producers that compete with China -- who'd like to see the White House place some taxes on American consumers and businesses who purchase the low-priced Chinese imports. If the administration doesn't act, Congress may just consider mandating some punitive taxes against American consumers and business on its own."

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