Reposted from the Utica Observer Dispatch. Brian O’Shaughnessy, featured in the article, is Chief Co Chair of Manufacturing for the Coalition for a Prosperous America.
Elizabeth Cooper | Observer Dispatch | October 9, 2012
ROME —Democratic Congressional candidate Dan Lamb is calling for a crackdown on currency manipulation by China, as upstate manufacturers struggle to compete.
Lamb, of Dryden, is running for the 22nd District seat against incumbent U.S. Rep. Richard Hanna, R-Barneveld.
Lamb announced his stance at a news conference at Revere Copper Products in Rome.
“Revere is succeeding in the global marketplace because of their strong leadership and because they produce a product that is the best in the world,” he said in a statement. “We should encourage more of this type of industry, and we can do it by ending unfair trade deals and stopping illegal currency manipulation.”
Lamb said he would seek a review of trade laws to ensure a level playing field for U.S. goods.
He also supports the Currency Reform for Fair Trade Act, which would place duties on Chinese goods entering the U.S.
Lamb was joined by Revere President Brian O’Shaughnessy.
“Our country’s leaders have stood by as China manipulates its currency to give its products a 40 percent advantage in the world competition for jobs,” he said in a statement.
Hanna spokeswoman Renee Gamela said the congressman supports numerous trade agreements that also are backed by President Barack Obama.
“Richard Hanna supports addressing Chinese currency rates in a deliberate, comprehensive manner that best protects American consumers and businesses from unfair practices while respecting our international agreements,” she said. “The Currency Reform for Fair Trade Act has not yet received a hearing, and Richard supports moving the bill forward through this regular order to ensure the bill best addresses today’s economic conditions.”