The Obama Administration Declines to Cite China as a Currency Manipulator

Barack will do what is good for his corporate handlers:

The Obama administration has declined to label China a currency manipulator after seeing recent increases in the value of the yuan compared to the dollar.

The decision will likely anger unions and Democratic lawmakers, who have accused Beijing of artificially holdings down the value of its currency to gain trade advantages. A cheaper yuan makes Chinese goods less expensive when they are shipped to the United States. It also makes U.S. goods more expensive in China.

Full article