Romney and Obama on China's Currency Manipulation
Mitt Romney has been featured on Job Search and our blog in the past for his strong stance against China’s currency manipulation. However, as NPR notes, we heard similar rhetoric from then-Senator Barack Obama in 2008. As we all know, those promises were followed by three years of complete and total inaction. China has not been named a currency manipulator, and they continue to refuse to let the yuan float.
Here’s what Romney has said about China:
We can't just sit back and let China run all over us. People say, “Well, you'll start a trade war.” There's one going on right now, folks. They're stealing our jobs. And we're going to stand up to China.
Compared to what Obama said during the 2008 campaign:
What we need to do is to just be better bargainers and say, “Look, here's the bottom line: You guys keep on manipulating your currency; we are going to start shutting off access to some of our markets,”