Youngstown, Ohio (CNN) - Republican running mates Mitt Romney and Paul Ryan sought to cast the current administration as soft on China on Saturday, blaming Democratic President Barack Obama for skipping another opportunity to label China a currency manipulator.
"Over the past several years, the president's failed to call China a currency manipulator," Romney said at a rally in Portsmouth, Ohio. "He had the occasion on Friday to come out with that official designation. Do you know what they said? We're not going to make any determination until after the election."
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"Let me tell you, on day one of my administration I will label China a currency manipulator, we gotta get those jobs back and get trade to be fair," he continued.
The comments from the Republican candidates come a day after the Treasury Department announced it will hold off publishing a twice-yearly report on foreign exchange, due October 15, that often contains criticism of China's currency policies.
"The administration had their eighth chance to label China a currency manipulator," Ryan said at a separate event nearly 300 miles away from Romney, in Youngstown. "That's eight opportunities to say, 'You know what, play fair with us, trade with us fairly.'"
According to the U.S. Treasury, the report will be released after global finance officials from the G-20 leading economies meet in early November.
"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," Ryan said in his opening remarks at a town hall meeting in this battleground state.
Ryan misstated data from the U.S. International Trade Commission report. The 2011 report does not assign a number of lost jobs to currency manipulation by China but asserts that the tightening of intellectual property rights could lead to the creation of 2 million jobs in the United States.
The presidential campaigns have accused one another of being weak on China and both candidates have included misleading or disputed information in their television ads on the subject.
Speaking in the hard-hit manufacturing area of Ohio's Mahoning Valley, Ryan emphasized the need to increase manufacturing jobs in order to build a stronger middle class.
Nearly 300 miles southwest of Ryan, Romney said currency manipulation means "that American companies that are making these same products, they go out of business if the Chinese products are so much cheaper than the real costs behind them."
Ryan stressed the need to hold China accountable for its artificially undervalued exchange rate, a practice that negatively affects American producers.
"We are going to stop this kind of cheating from occurring," Ryan said at Youngstown State University. "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."
– CNN Political Producer Rachel Streitfeld contributed to this report
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These guys are soft on the Middle Class.
Nobody wins in trade wars. The world 'economy is interwoven and dependant on free trading between partners. Picking a trade fight with China is not in the interest of the U.S. That is not to say, China should be allowed to get away with unfair practices. When these occur, complaints should be made through the right channel.
I dont know how any reasonable and deep thinker can cast their life (vote) for Romney/Ryan. To lead a country, you need to have integrity. You need to be open and transparent. What does it say of you as a leader if you can't declare your tax? What does it say if you bank your money abroad? What does it say if you privately trashed 47%? What does it say if you openly defended Israel but among your donors you came out otherwise? What does it say if you change your stance on issues every now and then.
Some Americans are so ingrate to quickly forget how far Obama has reversed the course of a near depression. They still want to go back to the same mess that put the whole world in total disarray.
Wake independent voters, Democrats, Middle class and the poor! Cast your vote for Obama!
this is news. does this kind of drivel sell in Ohio> puleeze
Romney wasn't hard on China when he bought stock in a Chinese Oil Company buying from Iran, going against all sanctions everyone has against Iran. Shame on Anti-American Mitt - anything for $$$ in his pockets.
I've already voted Obama/Biden and now help elderly and semi-invalid folks get to polls before republicans take away that right too. They want to take away ALL rights.
Ryan can't say anything about the president as his own buddy Romney is an investor ,part owner of CNOOC,Chinese National Offshore Oil Corporation that just tried buying Unical oil and buying a Canadian firm to try oil drilling in our gulf of Mexico,it wasn't approved!!His company Bain when he had it sold Honeywell electronics to Sensata of China so don't talk about anyone Ryan when its your own partner selling out America..If Romney has his way everyone would be talking Chinese and being paid as low!!Republicans try reading up on your Mormon moron Romney,he'll definitly open your eyes to what he'd do if he'd had a chance with the presidents powers,take that ignorent republicans to the bank!!
Right now a company in Freeport Illinois is being shut down by Bain Capital which Romney still owns a significant amount of stock in. They are moving the jobs to China and even had the nerve to take the American flag down and replace it with a Chinese flag. Romney has the nerve to say he's going to get tough on China??? I highly doubt that, don't be stupid Ohio!
Soft on China? No way! But they will have more flexibility after the election.
This from an exporter of jobs to China? This from a man who invested his money in a commerical organ of the Chinese government? If this excuse for a man had any guts they would be bright yellow.
If you want someone to be strong on china and send your jobs there , Then Vote Romney ! Thats what his Bain capital did>
They bought companies dismantled them , or sent them to china for cheap labor . All so People like Romney Could send their hundreds of millions in profits over seas to hide .. it was your job that made him those profits !
Obama : Novice. Amateur. Incompetent.
Will he blame his last 4 years if he is elected again?
Romney you are the one who ship out our jobs to China when you were at BAIN CAPTICAL, you are a lier, you are only for POWER and MONEY all this nonsence about the middle class is lies dishornesty, let me remind you what you said about us, that 47% of us are VICTIMS. President Obama are for all Americans he cares.
Man shtu it up, Ryan, you'll do this, you'll do that blah, blah, blah ... Jobs go oversea because business are not here to create American jobs, they are here to make money, and unless American workers want to work for 5 bucks an hour ain't going to happen, oh chinas government supports green jobs to spends a lot more than the us, and why there Panels are so much cheaper. Bottom line the GOP fosters an environment where the all mighty dollar is most important and companies act accordingly then thy complain. Sht up Ryan.
More right wing deceptive rhetoric from someone who has invested in six companies in China who pay on average 90 cents per hour with shifts of 12 hours per day,7 days per week.Yeah,soft on China you are Romney.Instead why doesn't he quit lying to the American public and start telling the truth!
Obama is soft on everybody, especially Muslim countries- it will take a businessman like Romney to recharge the economy.
Romney speaks as if companies he's been involved have not sent jobs over seas. I wish I could post Biden's laugh sound bite
That is because obama is soft on China – he has 8 chances to change the relationship and did NOTHING each time
This is just too funny. Mitt closed businesses in the US to send the jobs to China. Mitt still receives income from his investments in China and he's complaining about China.
How about showing us those income tax returns for more of those years, Mitt!
Guess Romney never filled Ryan in about his 51% Bain stake (or $8 million) in a Freeport, Illinois company that Bain bought out and is shipping to China.. The Chinese workers will make an awesome 99 cents an hour.
The US Workers had to train the Chinese workers and while the Chinese workers were here, the United States Flag was taken down and the Chinese Flag was put up – IN AMERICA where Romney wants to be President.
My question to Romney: What country are you trying to be President of, The US or China?
So if I get this right, we need to be Hard On China?
Mitt Romney is the one that soft on China, he has ship thousands of job over there and this company Bain who he still make
money off is shipping more job there in the near future. So Mitt and Paul Ryan stopping telling lies on the President.
Don't think Ohio voted not paying attention.
Obama's not soft on China. Romney needs to explain why nearly every high tech product is constructed in China, because he's a part of the problem. Americans won't live in a company dorm, Americans won't work 24/7/365 when Apple finds the spec on a component is wrong and they need another half a million battery covers in 3 days. The dorm's in China ring the bell and everyone is working to insure Apples product are on the selves in 3 days. Tell Americans to work like that and the company loses millions of revenue, and that won't do.
and Mitt Romneys Job was to ship our jobs to China, when he was Governor of MA, he offshored a state call center job to India, come on folks, this is who Mitt is, a stealer and a very insincere human being, my mother and father confirmed to me today that they have voted, and its Obama, and guess what? they voted for MaCain the last time
Where does Romney get off calling Obama soft on China? After exporting tens of thousands of jobs personally he's actually trying to pretend he's going to be tough on exporting jobs? Hypocrite
If President Obama is soft on China, then Mitt Romney in in bed with them. Let's see.. President O slapped a hefty tarriff on slave labor made Chinese imported products so they wouldn't undercut local/US production thereby keeps US jobs up and running. Yeah, I see, that is just so soft on China!
Mitt Romney visited China, and pretty much gushed at the factory set up, of which Bain once again closed a US factory, and shipped it over to China, after making the American workers train their Chinese replacement. True, Romney supposedly has no executive actions in Bain (there is some doubt about that) but being a majority stock holder, he gains to profit mightily by using Chinese slave labor factories.
So, again, Romney is in bed with China.