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US Presidential Campaign Sees Romney and Obama Slander China
Pinnacle Digest writes: In Paul Ebeling’s recent article, he makes clear that the US must rethink its relationship with China. Too often in this Presidential campaign, both candidates have been using China as a scapegoat and attacking the world’s second largest economy as a cheat and job stealer from the American people. This could have devastating consequence for America as both countries rely heavily on one another. Spiteful words toward China could start a trade war.
During the first two Presidential debates, both candidates attacked China, with Romney claiming he would deem them a currency manipulator on day one of his term, and Obama bragging about the tariffs he has put on Chinese goods in an attempt to save American jobs. Thankfully, Obama and Romney toned it down against China in the debate last night, as both have received backlash for being so quick to attack from within their party.
Mitt Romney, often critical of China, said, “We can be a partner with China. We don’t have to be an adversary in any way, shape or form”. This was a step in the right direction.
A Chinese state owned newspaper was critical of both candidates behavior toward the country and published an op-ed bashing both Romney and Obama for a lack of professionalism and acknowledgement that both countries need each other.
Ebeling stated that “Obama has blamed China to cover up his inabilities to put the domestic economy on track, regardless of the truth. This tactic only serves to reveal that the world’s superpower, for now, is running out of ways to sort out the real problems. Bashing China is a much easier and more convenient way to score political gains.
The Presidential debate turned to a Vanity Fair to bash China, which in fact has little to do with China but everything to do with the losing competitiveness of the world’s superpower.”
Ebeling argues that bashing your number one economic partner is not an effective way to create rules. Rules are not created by applying constant pressure and bad-mouthing, but rather from candid one on one talks that show a respect for your partner. And things with China aren’t as bad as the candidates want the American people to believe. “Even Obama acknowledges China’s changes in exchange rates, that the Yuan has appreciated by at least 31% since Y 2005, and US exports to China have doubled during his tenure” stated Ebeling.
Sadly, when a country loses its competitive edge, as America has, its leaders look for excuses and scapegoats to throw under the bus. That’s exactly what we are seeing happen to China during this election year.
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