On China, Obama says US must address currency rates

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WASHINGTON | Wed Feb 3, 2010 10:43am EST

WASHINGTON Feb 3 (Reuters) - President Barack Obama said on Wednesday China and Asia would be a huge market for U.S. exports going forward but it would be important to address currency rates to ensure American goods were not facing a disadvantage.

"One of the challenges that we've got to address internationally is currency rates and how they match up to make sure that our ... goods are not artificially inflated in price and their goods are artificially deflated in price," Obama told senators from his Democratic party.

"That puts us at a huge competitive disadvantage."

(Reporting by Jeff Mason)

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Comments (125)
pcheatham wrote:
This guy wakes up every morning scratching his head and wondering what to do. God help us

Feb 03, 2010 11:02am EST  --  Report as abuse
VCue15 wrote:
10 Steps To Destroying American Society

Rewrite the Constitution and break down its firewalls through Judicial and Bureaucratic fiat.

Concentrate all meaningful power in the Federal Government.

Suppress and Repress the Individual by attacking his Unalienable Rights through laws and constant torment.

Eliminate Private Property through Confiscatory Taxation and Regulation and wage constant war against Business Enterprises and Entrepreneurs.

Control Institutions of Education at all levels and turn them into Indoctrination Centers for the State.

Change the Citizenry by opening National Borders to virtually all comers and changing the qualifications for Citizenship to include mostly poor, uneducated illegal aliens.

Destroy the Private Financial Institutions that have funded the Greatest Production and Accumulation of Wealth for the Most People the World has ever known.

Destroy Capitalism and replace it with Redistributive Policies by Destroying the currency and Replacing it with a new currency or Revaluing the old currency.

Eliminate American Sovereignty through arrangements and agreements with Foreign Countries and International Bureaucracies.

Use American Foreign Policy not to improve American Economic and National Security, but to advance the Notion of One Government Globalism.

Feb 03, 2010 11:03am EST  --  Report as abuse
Egbert wrote:
Is this a joke?

Our (US) money is worthless because we back it with nothing and print more paper than there is sand on the Pacific coast.

China OWNS us.

Feb 03, 2010 11:07am EST  --  Report as abuse
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