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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the Romney team is so concern about china now. but while at Bain Captial he wasnt so concern then cause he was profiting from shipping jobs oversees.
One of the reasons we won WWII was our ability to be self sustainable due to our broad base of manufacturing. It was a large party of our national security. Businessmen & women who have made decisions to offshore mfg facilities, knowledge, & jobs should be prosecuted as traitors.
Wow again the lies am misrepresentations continue re the ITC report another wonky comment sounds good but meaningless.
International trade is governed by the WTO and the obama administration has made and won some challenges viz a viz China
Next is the utter and complete naivety of Romney Ryan in the international trade and economy. If they do call china a currency manipulator then what? ( psst, I thought Republicans were for free trade, open markets, and limited market regulations... i'm just confused) Just how are they going to make it meaningful? The answer is in the wonky detail we dont get. However, never mind!!
The bottom line is so naively obvious to this blogging simpleton the fastest growing economy in the world would retaliate BIG TIME and the result Team USA has a strike out and china wins BIG TIME ( selling all thier US bonds)
Grow up idiot!!
Sounds like desperation on the Republican ticket, with a healthy dose of grandstanding. Mainstream Republicans (Nixon, Bush Senior, etc.) would be shocked at the short-sightedness of the current ticket. Don't buy the BS the Republican ticket is trying to sell. Obama 2012!
Will the TRUTH come on in time??? BAIN Capital sold us down the river....do we have to draw a picture???
If Romney and Ryan get rid of every article that says "Made in China" in their mansions; and Romney transfers all his foreign accounts back to USA, we can get back those millions of jobs back.
Romney invested in buying companies in China while he was at Bain. So he invests in "currency manipulators" That is what he will do if elected.
What would Mitt propose, invade?
To me, the most pitiful things in the US are Romney/Ryan signs in poor and middle class neighborhoods. Are teachers to blame, or home schooling? No disrespect intended; like Biden, just having fun.
How many American jobs did Mitt send to China when he was at Bain Capital.
A catastrophe of the world:
Last century was the communism,
this century is China.
We should be ready for it.
Um, with Bain Cpital Romney sent jobs to China. This guys a piece of work.
As the Republican Party represents the interests of the traditional U.S. defense industry, it is more likely that Romney would bring about crises if he comes to power.
It is common for U.S. presidential candidates to talk tough on China policy in election years. But their words should sometimes be taken with a grain of salt. Washington should remember China-bashing in an age of globalized supply
chains has consequences.
It is convenient for U.S. politicians to hammer China as the source of their own problems, but they should be fully aware that their words and deeds are having a negative impact on the general atmosphere of Sino-U.S. relations and could eventually weigh down the whole world if they go unchecked.
It is not a good tactic to target China in the campaign. It could poison bilateral relations and hurt bilateral cooperation. Some of the speeches of the candidates have not only offended Chinese people but also worried businesses in the United States.
Though seemingly there are different views between the two parties on some problems concerning China, their China policies have no substantial difference. In regard to the United States' strategic shift in its focus to the Asia Pacific, the two have already come to consensus.
Once again R&R are correct.
All the while the Chinese flag flies high above the American flag at Sensata technologies in Illinois while American workers are being forced to train Chinese workers as Bain prepares to enter the final stages of offshoring the company to.......CHINA. God I hope Romney doesn't win this election. He'll have us in yet another faux "OMG WMD's!" war in Iran while China in invited over to take all that they need to wipe our debt slate clean.
Obama can trap Romney here by:
1. Ask Romney if he is in favor of a strong dollar policy and why.
2. Wait for the "yes" answer and the explanation.
3. Now, ask Romney how he applies those principles to China.
Checkmate - Romney will either appear as flip-flopping or clueless, but he cannot afford to further demonstrate such reputation. If he answers "no" to #2, he loses a large portion of his base. He is trapped.
""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."
Calling this malarkey is an understatement. The GOP shamelessly pushed through policies that promoted exporting of jobs and importing goods from China for decades. All to serve big business at the expense of Americans. And now they're going to tag their failure on President Obama? I am so sick and tired of hearing the GOP lies. They/re worst than the party of snake oil.....they're sucking out this countries wealth and blaming others all the while.
Obama and Biden in 2012. Anything less is a disgrace.
Mitt is a serial flip-flopper. He has flipped on abortion, gun rights, gay rights, healthcare, tax cuts, minimum wage, Vietnam, & climate change.
Mitt was a flip...now he is just a flop.
Mr Rodney where's your business at? In america or overseas . Start to chip your business back in ,start to pay taxes like us instead of paying less than the middle class
Wow, Romney has a lot of nerve. Anyone with half a brain should know by now it is Romney who is soft on China. Romney is the one who sent thousands of American jobs there, not Obama. I hope Ohioans are not stupid enough to believe his bs.
Mr. Romney where's your business at ? In America or overseas . Start shipping jobs back home first, start paying taxes like us, instead of paying less than us. This is how you can help the economic . We all know you are after WAR and finish Bush's work, you take the same people that used to work for him to work for you if elected. Mr. Obama 2012 all the way
I am amazed at CNN fact checking on Ryan so fast. I have not seen such kind of fact checking on Biden or obama. CNN is this fair???
"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,"
This what Mitt Romney said.
How about the jobs that just went to China, from a Company owned by Bain Capital. The compay never had a loss always turned a profit, but Bain sent the jobs to China anyway. The people even wrote and called Mitt Romney to ask if he would help them keep their jobs (some over 30 years) and your answer was no answer. Now these people are going to be in that 47% you like to talk about, But they had no choice.
Yea, and Mitt Romney with Bain Capital shipped jobs to low wage no environmental nations like china.
I'm so sick of these political commercials and all these half truths. Just saw a political ad saying obama failed to create jobs. If the job bills were passed by the house, then jobs would be created. Yes, he kinda failed, but not of his own will. He tried, but the house just loved holding up job legilslation. More half-truths.
And the democrats are only slightly better than the republicans, but not by much. Neither party wants to replace free trade with FAIR TRADE. We all know free trade is one of the fundamental problems destroying good paying jobs.
It was people like Romney who sent jobs to China in the first place.