This well meaning legislation will no doubt have ‘unintended consequences’ such as retaliation by those countries affected by the tariffs imposed. The net result is lower economic activity and higher consumer prices. Let’s aim for a more productive American economy via lower corporate taxes and less government interference!

Why are we blaming another countries soveriegn right to flucuate their currencey as they see fit.What we need to do is effect regulation to reduce business costs, overhead, taxes and union benefits to make our country more competitve in the global market. Only 1% of U.S. companies export goods and services. Why not expend our efforts to support and educate businesses on selling beyond our borders. Quit creating protectionist measures that will have the effect of a trade war with the hastest growing economy in the world!

The bill “would create a very damaging thing to the world economy and the stability of Asia,” Nobel-Prize winning economist Robert Mundell told Bloomberg Television. “This would have a wounding effect on the stability of international relations. There’s never been any precedent in economic history where a country through any legal system was forced to appreciate its currency relative to another country.”
http://moneymorning.com/2010/09/29/house-currency-bill/