Debate Coverage: More crosstalk on Manufacturing, China
On Saturday, the GOP candidates faced off in the 14th debate of the primary season. Here’s what they had to say about Manufacturing
I come from southwestern Pennsylvania, the heart of the steel country, the heart of manufacturing. And it’s been devastated because we are uncompetitive. Thirty years ago we were devastated because business and labor didn’t understand global competitiveness and they made a lot of mistakes. They did -- they weren’t prepared for it and we lost a lot of jobs.
That’s not what’s happening now. Our productivity gains, our labor force, their doing their job, they’re being competitive. But they’re running into a stiff headwind called government. And it’s government taxation, 35 percent corporate tax which is high -- the highest in the world. It’s a tax that doesn’t easily offset when we try to export, which makes it even more difficult...
We are once again on the cusp of a manufacturing renaissance in this country, if we do it right. China is going down in terms of GDP growth from 8 percent, 9 percent, 10 percent to 4 percent or 5 percent, 6 percent. And as they go down in growth, unemployment goes up.
We have an opportunity to win back that manufacturing investment, if we are smart enough, with the right kind of leadership to fix our taxes. No one up here is calling for the complete elimination of all the loopholes and the deductions, where the Wall Street Journal came out and endorsed my tax plan. That’s what needs to be done, not tinkering around the edges.
On China, however, there were more varied statements:
Listen, we have the most important relationship of the 21st Century with China. We’ve got to make it work. Of course we have challenges with them. We’ve had challenges for 40 years. It’s nonsense to think you can slap a tariff on China the first day that you’re in office, as Governor Romney would like to do.
My own view on the relationship with China is this, which is that China is stealing our intellectual property, our patents, our designs, our know-how, our brand names. They’re hacking into our computers, stealing information from not only corporate computers but from government computers. And they’re manipulating their currency.
And for those who don’t understand the impact of that, I’ve seen it. I’ve seen it. And that is, if you hold down the value of your currency artificially, you make your products artificially low-priced and kill American jobs. That has happened here in this country.
And if I’m president of the United States, I’m not going to continue to talk about how important China is and how we have to get along. And I believe those things. They’re very important. And we do have to get along. But I’m also going to tell the Chinese it’s time to stop. You have to play by the rules. I will not let you kill American jobs any longer.
You cannot compete with China in the long run if you have an inferior infrastructure. You’ve got to move to a 21st-century model. That means you’ve got to be -- you’ve got to be technologically smart, and you have to make investments.