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I did some research and this appears to be the situation: For starters, it's not a "currency bill" but rather a tariff against Chinese imports in retaliation for China artificially manipulating their currency to make exports to the USA more attractive. In addition, Obama isn't very interested in starting a trade war. Finally, the US's currency is already dog pee due to the Fed printing up money and buying Chinese windmills.
Regarding the Democrats' croc tears about jobs for "the middle class", Robert Reich said:
http://voices.yahoo.com/robert-reich-excludes-white-male-construction-workers-2549191.html?cat=3
"if construction jobs go mainly to white males who already dominate the construction trades, many people who need jobs the most -- women, minorities, and the poor and long-term unemployed -- will be shut out."
Shouldn't you Dems be happy that jobs and wealth is going to China? Aren't they a "minority?"
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Obstructionists REPUKES refuse to pass bill to help American workers fight back against China
http://news.firedoglake.com/2011/10/18/sherrod-brown-pressures-boehner-in-his-hometown-on-chinese-currency-bill/
Call your Congressman
NOW
John Boehner has declared the China currency bill, which passed the Senate with rare bipartisan support and 63 votes, “dead on arrival” in the House. Apparently the interests of multinational corporations to keep their labor costs low trumps the interests of out-of-work Americans. This House Speaker knows where his bread is buttered