http://www.forbes.com/sites/charleskadlec/2012/09/25/will-china-bashing-cost-mitt-romney-the-election/
Although as a high school student I dont have much involvement in the details of America's trade with China, it doesnt take a genius to understand that they are our ultimate suppliers. With out searching for ten seconds, chances are you will be able to find an item made in China. In fact, "Made in China" has almost become a cliche term. This article mentioned Mitt Romney's views on the US's trade with China, and he didn't refrain from bashing them. He referred to them as "currency manipulators", accused them of "cheating" and mentioned how he plans to force the Chinese to change the yuan's value. From the point of view of someone who's life practically revolves around products made in China, it seems foolish and dangerous for someone of such high power to accuse this nations lead economic supporter of cheating. Unfortunately, our economy has come to such a reliance on China that if they were to pull the rug from under us, the damage would be unimaginable. For Mitt Romney to so openly criticize their ways is not very smart, and if he is elected as president, could spark a major conflict between the US and China. I also believe that because of his remarks, he may have lost the vote of many people who really understand the situation at hand.
Rohan Mudgal, D Block
I feel that Mitt Romney is over-estimating the potential of American Businesses. While having small or local business is beneficial for American Jobs, manufacturing in the United States is very expensive. In comparison to China, the cost-efficient ways are essential to parts of the current economy. He has the right to blame them for taking any advantage on our reliance, but if he's considering to remove any partnerships with them, it would be foolish. I may not be able to comprehend the amount of money we save from Chinese labor, but we definitely do not want any presidents to overlook this either.
ReplyDeletehttp://www.cnn.com/2012/10/23/politics/fact-check-china-tires/index.html
ReplyDeleteI agree with both of you on this important issue. Although I strongly believe that China should play by the same rules as every other country,it is dangerous for a person of high power to publicly announce such a thing. The United States and China have a strong friendship and if Mitt Romney is elected President, he will surely jeopardize that relationship. Over the years we have lost 2.7 millions jobs to China because they have been able to produce goods cheaper. While we base the value of the dollar on the free market they keep the value of the yuan low so that the labor cost is cheap. Thus they have been able to out compete every other country in the world. This appear to be a form of propaganda, similar to that employed by the Soviet Union about their country's status. Similarly the Chinese economy shows companies to be doing well, when actually they maybe bankrupt. Bad relation with China would mean tariffs on our exports making it harder for companies to sell goods and compete on the global scale. It could also mean a cut off of the $273 billion of exports from China coming into the United States. The cost of labor here is much higher thus prices of goods will rise immensely. Most importantly if China refuses to loan America more money, our government will struggle to operate and eventually collapse. I support Obama's stance on this issue, he has been able to save a thousand American jobs by filing cases against Chinese tire exports. The fact is that regardless of Romney's claim of being tougher on China, it is clear he won't get much done. United States should not be leading these changes instead I would like to see a bill passed by the United Nations. What do you think is the best way to deal with China? If the method employed by the Chinese has worked so well then should other countries try something similar to keep labor costs low?