Political desperation has forced Chuck Schumer to give a shit!

From CNBC here:

Democrats are calling for harsh new punishments on companies that outsource jobs and a crackdown on currency manipulation, embracing a more populist economic agenda as they seek to win back control of Congress in next year’s midterm elections.

I’m not sure Chuckie’s Wall Street friends are going to be excited about the idea of raising their labor costs by limiting overseas production.

And given Democrats long standing willingness to pass weak legislation with loopholes and then trumpet it as masterful I would not cheer this proposal until all the fine print has been put under a magnifying glass.


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