Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

gulliver

(13,180 posts)
Thu Oct 18, 2012, 08:37 AM Oct 2012

Wait, did Mitt say he was going to start a trade war with China?

In the debate Romney said:

On day one, I will label China a currency manipulator, which will
allow me as president to be able to put in place, if necessary,
tariffs where I believe that they are taking unfair advantage of our
manufacturers.


So he is going to impose tariffs on Chinese goods. We sure want Mr. "Change Positions Every Two Minutes" pushing trade war buttons. I guess that is the idea. We want to trust Mr. Bain to decide what is fair and unfair. I get it. He's known to be so steadfast in his principles and fair in his business dealings. Right. Good old "Shoot first and aim later" Mitt. We sure need his input.

Transcript.

http://politicalticker.blogs.cnn.com/2012/10/16/transcript-second-presidential-debate/
6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Wait, did Mitt say he was going to start a trade war with China? (Original Post) gulliver Oct 2012 OP
What does he think quantitative easing has done to the dollar?l Democratopia Oct 2012 #1
I get it. Right before he takes office buy stocks in .... Bonhomme Richard Oct 2012 #2
I'll go you one better Proud Public Servant Oct 2012 #3
Eh, the Romneys have finer tastes jsr Oct 2012 #4
Yeah, but Walmart shoppers Proud Public Servant Oct 2012 #5
Absolutely, and not just Walmart shoppers. gulliver Oct 2012 #6

Bonhomme Richard

(9,000 posts)
2. I get it. Right before he takes office buy stocks in ....
Thu Oct 18, 2012, 08:51 AM
Oct 2012

companies that compete with China and sell as soon as the stocks rise when he makes the announcement.
That is what he and his buddies will do. Simply manipulate the market.
Of course, I might just be cynical.

Proud Public Servant

(2,097 posts)
3. I'll go you one better
Thu Oct 18, 2012, 10:25 AM
Oct 2012

Mitt effectively said, on national TV, that on day one of his presidency he way going to take actions to raise the prices of all goods sold at Walmart (and most eeverywhere else). We really should be pointing that out.

gulliver

(13,180 posts)
6. Absolutely, and not just Walmart shoppers.
Thu Oct 18, 2012, 06:35 PM
Oct 2012

Romney could start a full-scale trade war. His tariffs would become a huge indirect tax increase on the American consumer.

But the kicker with Romney as always is that he says he would only be tough on "unfair" things China does. And he is the exact opposite of who we want determining what is unfair to U.S. workers.

Latest Discussions»General Discussion»Wait, did Mitt say he was...