Tuesday, January 18, 2011

Charles Schumer Attacks China For Doing What He Wants

New York Senator Charles Schumer, arguably the leading China basher in the U.S, Congress is at it again.

But this time, he is even more illogical and irrational than usual. His main critique against China has for long been that they are selling us their goods to cheap. But now he attacks China for selling "rare earth metals" at a too high price.

But if China had complied with his long standing request to increase the value of the yuan, what effect would that have on the cost of Chinese "rare earth metals"? Clearly, it would make it more expensive. But now Senator Schumer attacks China for in effect complying with his demands.