Partisanship stalls bill penalizing unfair currency practices
Washington. A Senate vote to impose sanctions on China for it's unfair currency practices was put off Thursday, delayed by the partisan divisions that have come to characterize Congress.(no shit Sherlock.)
The bill, which makes it easier to raise tariffs against Chinese goods if China keeps its currency undervalued, is now set for a likely vote on Tuesday, when its' expected to pass with bipartisan support.(I'll believe it when I see it)
But partisanship ruled the day Thursday when Senate Majority Leader Harry Reid, D-Nev., (a dick head if I ever saw one) and Republican leader Mitch McConnell couldn't agree on what amendments would be allowed, and Democrats used their majority powers to push through a rule change that restricts the offering of non-relevant amendments to the legislation.
The China currency legislation, years in the making, reflects frustration at the failures by the Obama administration and past presidents to change Chinese policy through diplomacy, and the Chinese economic onslaught that saw the trade deficit with China hit $273 billion last year.
It is aimed at the practice of keeping the yuan undervalued against the dollar, making Chinese exports cheaper and U.S. products sold to China more expensive. (fuckity fuck fuck fuck).
The legislation, even if it passes the Senate, is still a long way from becoming law. House supporters of a similar bill say they have 225 co-sponsors, enough to pass it, but Speaker John Boehner, R-Ohio(or asshole as he's called here), doesn't like it and could prevent it from reaching the floor for a vote..(he is now to be called head mother fucker)
The White House has remained noncommittal but has emphasized the importance of working through diplomatic and international channels(the Chinese will just change the fucking channel) rather than challenging the Chinese with unilateral action that could result in retaliation. (oh yea? well fuck them Chinese...I'm so tired of kissing their asses...)
sigh*.....I thought my rants were over..wait till you hear my next one...