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September 27, 2012

Obama, Romney Spar on China Trade in Ohio 
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President Obama and Republican challenger Mitt Romney each spent
Wednesday campaigning in the battleground state of Ohio, a key prize in
the battle to win the November election. Both candidates appealed to
voters by attacking the other's record on China, with Romney saying he
will stop the country from taking U.S. jobs.

Mitt Romney: "One of the nations who has cheated over the years, which
has been China. They have artificially held down the value of their
currency and by doing that, the process of their products are
artificially low. And when their prices are low and they compete with
our manufacturers our guys go out of business, people lose jobs, and
that's why one thing I will do on day one is label China a currency
manipulator, they must not steal jobs in an unfair way."

Romney's comments come days after his tax returns showed his trust has
invested in a Chinese oil company doing business with Iran. President
Obama criticized Romney's comments on China.

President Obama: "He's been talking tough on China. He says he's going
to take the fight to them; he's going to go after these cheaters. And
I've got to admit, that message is the better — is better than
what he's actually done about this thing. (Laughter.) It sounds better
than talking about all the years he spent profiting from companies that
sent our jobs to China."

 

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