Obama Administration Wants It Both Ways on China Currency Manipulation
Alan Tonelson
Monday, April 19, 2010
“We are going to be...very forceful and aggressive in making sure that we are promoting changes that offer the prospects of a level [economic] playing field [with China].”
–Treasury Secretary Timothy Geithner, Washington, D.C., .April 13, 2010
“...I don’t have a timetable [for ending China’s currency manipulation]....”
–President Obama, Washington, D.C., April 13, 2010
Sources: “Obama hopes for yuan move, but China pushes back,” by Paul Eckert and Tabassum Zakaria, Reuters, April 13, 2010, http://www.reuters.com/article/idUSTOE63C03920100414?type=usDollarRpt; “Press Conference by the President at the Nuclear Security Summit,” Office of the Press Secretary, The White House, April 13, 2010, http://www.whitehouse.gov/the-press-office/press-conference-president-nuclear-security-summit
Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).