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Flying Pig moment: I agree with Romney on China

by Phantom Ace ( 3 Comments › )
Filed under China, Economy, Headlines, Mitt Romney, Progressives, Republican Party at November 15th, 2011 - 5:32 pm

If there is one reason I might next November reluctantly pull the lever for Romney, it’s his stance towards China. Th truth is that China is not playing by the rules and is manipulating their currency to destroy our manufacturing. Romney says he will get tough with China, I agree with him on this.

Former Massachusetts Gov. Mitt Romney is dead serious about labeling China a currency manipulator and putting new tariffs on Chinese imports, sources close to Romney tell POLITICO.

Some have suggested that Romney’s stand against China is merely campaign posturing that would soften if Romney were to be elected President and consider the implications of his

“People should wait and see what he does after the Inauguration,” one senior adviser said to discount this notion, according to POLITICO’s Morning Money. “You have to look at how much we buy from China and how much they buy from us. Those numbers are a very serious deterrent to Chinese pursuing retribution against us. And from a strategic standpoint, if we are always unwilling to act because we think the Chinese might be willing to act, then we are always going to be stuck at this same point.”

To be fair, this is Mitt Romney we are talking about. He’s a globalist and his actions at Bain Capital help lead to China becoming a manufacturing powerhouse. I agree with him about China facing penalties.

 

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