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To: An American!

Something I’d like to point out about the Dewhurst claim that Cruz has the same position as the Chinese on currency manipulation. The currency manipulation in China means that Americans pay significantly lower prices for their products.

In the end, any manipulation benefits our economy aside from those companies that that compete with the Chinese; and will hurt China in the end.


13 posted on 07/11/2012 1:47:28 PM PDT by SeaHawkFan
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To: SeaHawkFan
Ted Cruz: China is increasingly growing as a major worldpower, and it represents a significant threat to the United States politically, militarily, and economically. As China has grown stronger, it has become more assertive militarily and more ruthless in its political oppression internally. At the same time, the massive U.S. debt owned by China makes us dangerously vulnerable to potential economic blackmail. And they have failed to act vigorously to protect U.S. intellectual property rights and to prevent theft. America must engage China as a strategic competitor, fully cognizant that their interests are very different from our own. We must vigorously defend U.S. national security interests, fight to defend U.S. intellectual property, and speak out for freedom and against political oppression. And we should pressure China to cease manipulating its currency to favor their exports over our imports; instead, we should press them to open their markets fully to U.S. farmers and manufacturers.


If I remember correctly, Cruz was against a bill sponsored by Harry Reid, which is not exactly the same as siding with the Chinese.

15 posted on 07/11/2012 3:27:11 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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