Our Congress Is Nuts

Meanwhile, what are U.S. “officials” up to?
The Senate Finance Committee has passed a bill that will essentially punish China for providing cheap credit to the U.S. The committee passed the bill 20-1, which, if made into law, will penalize “countries” (meaning China) that fail to revalue their currency after a partisan board of U.S. lawmakers deems it “fundamentally misaligned.”
In other words, this is the U.S. government’s way of getting back at the Chinese for lending consumers the money they need to buy “stupid plastic salad shooters,” as James Howard Kunstler so delicately put it last week in Vancouver.
“I've grown very concerned about a trade bill aimed at China,” says Chuck Butler. “There are no guarantees that this will ever come to a law. But the fact is there are many more of these where this one came from AND it comes at a time when credit in the U.S. is drying up like a marathon runner in Las Vegas. Oh... Why is this a problem, you ask? Because... Who has been providing credit to the U.S. by the boatload? Ahem... It's China... Uh-oh!”