Romney, Ryan Smack Obama on China
Romney would label China currency manipulator 'on day one'
By Evann Gastaldo, Newser Staff
Posted Oct 13, 2012 4:54 PM CDT
Mitt Romney and Paul Ryan campaign in Lancaster, Ohio, Friday, Oct. 12, 2012.   (AP Photo/Charles Dharapak)

(Newser) – Both Mitt Romney and Paul Ryan had harsh words today for President Obama's handling of the US relationship with China, after the US Treasury announced that it would delay a regular foreign exchange report—which includes the possibility of naming China a currency manipulator—until after the election, NBC News reports. Both Obama and his predecessor George W. Bush have stopped short of using the currency manipulator label, Reuters reports.

  • "Four years after promising to take China 'to the mat' for its manipulative currency practices, President Obama has once again failed to live up to his word," a spokesperson said in an official campaign statement. "We can't afford another four years of President Obama's failure to stand up to China. Mitt Romney will do it on day one of his presidency." Romney himself made the "day one" promise at a campaign stop in Ohio, saying he would act immediately to "label China a currency manipulator."
  • “The administration had their eighth chance to label China a currency manipulator—it's due in two days—they say they are going to push this deadline off until after the election. That’s eight opportunities to say, 'You know what, play fair with us, trade with us fairly,'" said Ryan during another Ohio campaign stop. "We are going to stop this kind of cheating from occurring, if people are manipulating our currency, we are going to say that they are manipulating our currency. If they are stealing our products, we are going to say, 'Stop stealing our products or else you have consequences.' That’s a big deal. That takes our jobs."

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Oct 15, 2012 11:18 AM CDT
I'm not voting for either idiot. Our government is fundamentally flawed and needs an overhaul. The NDAA is treason against the constitution and we the people. Obama blew it and Romney is a Mormon.
Oct 14, 2012 9:53 PM CDT
Lmao at all these comments having nothing to do with the article... But really, I can see how standing up for our products and all is good... Do we really wanted to give a country who owns 12% of our debt an ultimatum?
Oct 14, 2012 2:10 PM CDT
Pres. Bill Clinton: "I had a different reaction to that first debate than a lot of people did. I mean, I thought, “Wow! Here’s old Moderate Mitt. Where you been, boy, I missed you all these last two years!” But I was paying attention these past two years. And it was like one of these Bain Capital deals where, you know, he’s the closer. So he shows up, doesn’t really know much about the deal and says, “tell me what I’m supposed to say to close.”