Obama, Romney air ads accusing each other on China
Washington, DC, United States (4E) – As the political conversation heads back to the economy, both President Barack Obama and Republican presidential candidate Mitt Romney stepped up their criticism of each other particularly on China’s trade practices of artificially depressing its currency and stealing American trade ideas.
In the new Romney campaign ad, it claims that over 500 manufacturing jobs in the U.S. were lost to low-wage countries like China under the Obama administration. It says the president squandered opportunities to stop the trend multiple times. It shows Romney saying that America needs to stand up against cheaters to ensure American jobs are protected.
For most part of the year, Romney has called on China’s attention for their currency practices, and blamed President Obama for lack of action in making the Chinese comply. He accuses China of keeping the yuan undervalued in order to boost exports. Romney has pledged that he would label China as a currency manipulator once he is elected.
The Obama campaign, on the other hand, challenged Romney’s position on China on a new ad. They accuse him of being directly responsible in sending jobs overseas and dispute his claim that he is ready stand up against China.
The thirty-second ad says that Romney’s companies were among the first to ship American manufacturing jobs abroad. The ad will air in nine key battleground states.
The Obama campaign has repeatedly called Romney as an outsourcer citing reports that show he was still at helm with private equity fund Bain Capital when it made decisions that resulted to a number of jobs being shipped overseas.
Throughout the campaign period, the trade relations between the U.S. and China has become a constant talking point for both candidates. It appears to be a highly relevant issue in battleground states like Ohio where manufacturing is a key driver for the local economy.