Paul Ryan on Thursday began to criticize China as a currency manipulator, speaking out against the country’s trade policies with the same sharp rhetoric that his new running mate, Mitt Romney, has used for months.
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In 2010, when the House voted on the Currency Reform Fair Trade Act, Ryan was among the 79 congressmen who opposed the measure. The bill passed – 348 to 79, with 99 Republicans voting in favor – but was not taken up by the Senate so it never became law.
The legislation would have given the president expanded authority to impose tariffs on the imports from countries that have “fundamentally undervalued” currencies. (Boston Globe)
Ryan’s team have attempted to polish this turd by claiming that the law does not need changing, just a more aggressive stance by the White House.
But we all know what’s going on here. Ryan is a mainstream Republican, and as such is not going to rock the boat when it comes to multilateral trade and the needs of multinational corporations. We’ve been over this several times when discussing Romney’s farcical China bashing.
Ryan has signed on to Romney’s team, and as such, he’s stuck playing the same game. That means trying to simultaneously use China bashing as a populist lever on the campaign trail, while at the same time, in those fund raisers and in meetings with campaign donors, reassure the business community that they really don’t mean what they say.
Right. Message received.