Republican presidential nominee Mitt Romney at a rally in Portsmouth, Ohio on Oct 13:
It’s time for us to stand up to China for their cheating has got to stop. You know, the president had an opportunity, as was required as of last Friday, to officially designate whether China is a currency manipulator. Let me tell you what that means, by the way. When a country artificially holds down the value of their currency, it means that the products that they sell to us are artificially cheap. And that means American companies that are making the same products — they go out of business if their Chinese products are so much cheaper than the real costs behind them. And yet over the past several years, the president has failed to call China a currency manipulator. He had the occasion on Friday to come up with the official designation. You know what they said? “We’re not going to make any determination until after the election.” Let me tell you, on Day One, I will label China a currency manipulator. We got to get those jobs back and get trade to be fair.
Romney’s running mate Paul Ryan at a separate rally 300 miles away from him at Youngstown State University:
The administration had their eighth chance to label China a currency manipulator. That’s eight opportunities to say, ‘You know what, play fair with us, trade with us fairly.’
We’ve lost hundreds of thousands of jobs, according to one study, because of just this problem. Two million jobs we’ve lost, according to the International Trade Commission, because of one country, China, taking our intellectual property rights, meaning taking our patents, taking our goods that we make and copying them and selling them. That’s not correct. That’s not right. That’s cheating.
We are going to stop this kind of cheating from occurring. That’s a big deal. That takes our jobs. You have to stand up for the American manufacturing system. Giving good speeches, you know, saying the right thing, that sounds good, but getting it done is what matters.
Obama campaign spokesman Danny Kanner scoffs:
Congressman Ryan’s tough rhetoric can’t hide the fact that Mitt Romney will never crack down on China’s cheating – just look at his record. When President Obama stood up to China on behalf of American tire workers, Romney called it ‘decidedly bad for the nation.’