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China: Romney’s rich ’cause of us, you know
Hotair ^ | 09/14/2012 | Erika Johnsen

Posted on 09/14/2012 12:36:40 PM PDT by SeekAndFind

On the campaign trail in Virginia yesterday, Mitt Romney called out President Obama for breaking another of his erstwhile campaign promises by failing to brand China a currency manipulator, and promised to do so himself at the start of his presidency. His campaign also released an ad yesterday pointing out how China’s perfidious financial practices unfairly give them an upper hand in the manufacturing industry.

The Chinese government didn’t like that, no siree. Via Politico:

“If these mud-slinging tactics were to become U.S. government policies, a trade war would be very likely to break out between the world’s top two economies, which would be catastrophic enough to both sides and the already groaning global economy,” Xinhua’s Liu Chang writes. “For generations, China-bashing has been a cancer in U.S. electoral politics, seriously plaguing the relations between the two countries.”

The commentary also takes a shot at Romney’s wealth, declaring it “rather ironic that a considerable portion of this China-battering politician’s wealth was actually obtained by doing business with Chinese companies before he entered politics.” …

Rather than attacking China, Xinhua suggests “[t]o cure its economic ailments, the United States needs to put its own fiscal house back in order, substantially slash its tremendous military expenditure, and optimize its economic structure.”

Oh, but for the petulant huffing and puffing of bullying communist regimes accustomed to getting their way! Yes, China, I’m sure you’d just love for us to ‘slash our tremendous military expenditure,’ the better to assert your dominance in the Pacific region, but do you really want to lecture us on ‘optimizing our economic structure’ and ‘putting our fiscal house back in order’? Are you sure you want to go there? Because you guys are only precariously maintaining a severely jacked-up, ill-begotten communist bubble, and sooner or later, that sucker is going to pop.

And yes, of course Romney got richer from doing business with you — we all have (check your clothing labels, friends!). The point is, you’ve wandered down a sketchy road of devaluing your currency to keep exports cheap and the trade deficit artificially high; it may benefit you in the short run, but in the long run, we’ll all be worse off. Romney was an international businessman, and did deal with Chinese companies, so he does indeed know exactly the kind of underhanded financial sneakiness you guys get up to — I’d say he’s in fact better positioned to call you out on it than most.



TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: china; romney

1 posted on 09/14/2012 12:36:48 PM PDT by SeekAndFind
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To: SeekAndFind

“Rather than attacking China, Xinhua suggests “[t]o cure its economic ailments, the United States needs to put its own fiscal house back in order, substantially slash its tremendous military expenditure, and optimize its economic structure.””

The reds do have their own problems to be sure, but not a bad lecture for us in what he said.


2 posted on 09/14/2012 12:39:56 PM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: DonaldC

China propaganda to hurt Romney.

Real story is China wants the weak Obama to stay In power.


3 posted on 09/14/2012 12:41:43 PM PDT by TigerClaws
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To: SeekAndFind
Sorry, but China's right on all points. Romney needs to focus on fixing what the US is doing wrong - and yes, that might require repudiating some old GOP allies in the Defense and finance. But if it isn't done, there will be no recovery.

China is a problem for much later, and one we'll never even be able to address if we don't get our own house in order - fast.

4 posted on 09/14/2012 12:43:53 PM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: DonaldC

RE: The reds do have their own problems to be sure, but not a bad lecture for us in what he said.

______________________________

I agree with everything, but I have reservations regarding their motives when they said this : “substantially slash its tremendous military expenditure”

They want us to slash even as they BUILD UP their military to challenge ours.

BEWARE OF EVIL MOTIVES MASQUERADING AS GOOD ADVISE.


5 posted on 09/14/2012 12:47:19 PM PDT by SeekAndFind (bOTRT)
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To: SeekAndFind
Given the gigantic imbalance in trade between the Commies and us,an imbalance in *their* favor,an all out trade war would hurt them a lot more than it would hurt us.They buy a few airplanes and a few cars from us.There's little that we *don't* buy from them.I say let the trade war begin.Close our ports to their goods and watch Europe and Japan do the same out of absolute necessity.
6 posted on 09/14/2012 12:48:15 PM PDT by Gay State Conservative (If Obama's Reelected Imagine The Mess He'll Inherit!)
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To: SeekAndFind

“China: Romney’s rich ’cause of us, you know”

So China is rich too. Well, now they’re in trouble. Zero will tax them.


7 posted on 09/14/2012 12:59:00 PM PDT by ModelBreaker
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