Draft 1

                                                Conspiracy Behind Exchange Rate

 I. Introduction    

   

    More and more Americans are losing jobs and houses during the sub-prime mortgage crisis, which still playing a role in discouraging the U.S. economy. Normal American think that China setting exchange rate is the primary reason for depression. However, the real fact behind the event that America is enforcing China to raise exchange rate is eager to open China's Financial Markets.      

II. Background Information

   
    In 2011, the U.S. trade with China was $272 billion. This was down a bit from the year before, when the trade deficit was $273 billion. Both were higher than any prior year. Chinese government sets its exchange rate lower than dollar.U.S. manufacturing, as measured by the number of jobs, declined 34% between 1998 and 2010. Rising unemployment in the labor market is still a big problem for both the normal Americans and the U.S. government. Moreover, the president selection is coming, so the present President Obama has to do something to improve his public support rate.

III. Supportive Evidence

   
    More and more normal Americans wants the U.S government to enforce China to allow the yuan to rise. America seemingly wants China to allow the yuan to rise 21%-40%, but China would not do that because China did a yuan test that if China allowed the yuan to rise 3%-5%, all the factories in China would go bankrupt without any profits. China knows the situation. Of course, the White House also know this. As a result, the U.S. government got an idea. Since America can not make the purpose into reality, they want to open the financial market to the companies to Wall Street.
   
    The political election is coming. The common people in America think that China setting exchange rate results in American unemployment. The democratic party wants to win the president election, so they seemingly meet the requirement of the common people.

    There are more and more economists saying that they did a lot of researches on the exchange rate of Chinese to America. China setting their exchange rate has nothing to do with the American economy, which greatly declined in 80s.