The Democratic party is heading toward a major disaster in the '10 midterm election unless Obama can create jobs and i strongly believe the best way to create jobs in the U.S is by revising U.S trading policy.
HealthCare is an important issue , but right now , with a 10% unemployment rate , it will not do much to bring back jobs...So why have we spend so much time on an issue that will have very little effect on the people's jobs?
Obama endorsed the currency manipulation act which would put tariff on Chinese goods to erase the unfair advantage of cheap Chinese products entering our market created by China pegging their currency to our dollar.
That alone would greatly balance out our trade deficit with China and create jobs because local employees who hires American workers would no longer have to compete with cheap Chinese goods , thus making more profits and could bring back workers they've recently fired.
Unfortunately , Obama has gone quiet on this issue and i worry that stupid economic advisers are telling him not to piss off the Chinese.
Our only hope is that Harry Reid who's job is on the line in Nevada , would be under immense pressure to create jobs before the '10 midterm and would defy the Obama administration by bringing the fair currency act to a senate vote.
From what i've understood , this would easily get 60 votes and clear the senate + house because more and more policymakers are sick and tired of the Chinese shit and believe they are outright cheating to protect their massive surplus.
Even republicans would must likely vote for the currency act since it would benefit U.S workers.
Obama outreach to China has failed and he has nothing to show for it....So why continue to appease the Chinese by allowing them to keep this unfair free trade advantage?
China have stated they arent ready to vote for sanction on Iran.
China has refused to meet with Obama in Copenhagen to strike a deal.
China is still involved in massive 'net espionage against the U.S.
China refuses to allow the yuan to free-float to help global recovery.
So basicly , what has Obama gotten from the Chinese??
PLEASE OBAMA , WE NEED TO CREATE JOBS AND THE WAY TO DO IT IS TO GET TOUGH ON FREE TRADE!!!