More crap from the Chinese Currency Coalition

The importers worst nightmare, the Chinese Currency Coalition published a new statement recently. The group charges that Chinese currency policy has led to the loss of more than 9,000 manufacturing jobs. However, to blame China for the loss of these jobs is to grossly over simplify the economic data while ignoring jobs created by Chinese imports. Thousands of Americans are earning a living by selling Chinese goods on eBay. The country's largest employer, Wal Mart, also earns a huge percentage of its profits from Chinese-produced goods. As with any dynamic economy there will be winners and losers. It is wrong to ignore the benefits provided by inexpenisve Chinese imports in an economic analysis of that country's currency policy.