Wednesday, October 17, 2012

Mitt Romney’s China Doctrine

Every president needs a foreign policy doctrine (ala the Monroe Doctrine) to act as a package for his foreign policies. What will Romney’s Doctrine be?

Romney has told Americans what kind of foreign policy his administration would run if he was elected president.

On Israel, he would leave no daylight between USA and Israeli policies on Iran.

On the Arab Spring, he indicated that he would be more proactive than the Obama administration has been, including supporting the rebels in Syria.

And the biggest change he claims he will make is on China.

In effect, he will declare a trade war with China on day one of his administration. These are his words from the transcript of Debate 2:

I want to make America the most attractive place in the world for entrepreneurs, for small business, for big business, to invest and grow in America.

Now, we're going to have to make sure that as we trade with other nations that they play by the rules. And China hasn't. One of the reasons — or one of the ways they don't play by the rules is artificially holding down the value of their currency. Because if they put their currency down low, that means their prices on their goods are low. And that makes them advantageous in the marketplace.

We lose sales. And manufacturers here in the U.S. making the same products can't compete. China has been a currency manipulator for years and years and years. And the president has a regular opportunity to label them as a currency manipulator, but refuses to do so.

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.

Tariffs through presidential fiat on Chinese goods exported to the USA.
Now that would be a major change for American policy!


  1. Summary of two national polls on the debate taken from numberscruncher:

    With that out of the way, the initial “snap polls” had a slight Obama win. CNN had the final tally at 46 Obama to 39 Romney. CBS found 37 thought Obama win compared to 30 for Romney. A PPP (D) poll of Colorado voters only had Obama win by 4%, 48-44. Those numbers only tell a small part of the story when looking at the issues:

    On the economy, Romney beat Obama by 18% in the CNN poll and 21% in the CBS poll.
    The CNN poll had Romney up on handling taxes (7%) and the budget/debt (23%)
    CNN poll on if candidates had a clear plan — Romney was -1 (49-50) and Obama was -23 (38-61)
    Romney even led on health care (49-46), being a better leader (49-46), and giving direct answers (45-43)
    Obama led on being likeable (47-41) and who cared more about the questioners (44-40)
    PPP CO poll on whether view of candidates were more positive after debate: 40-36 (+4) Obama, 44-35 (+9) for Romney.
    PPP CO poll on who better understands people like you: 50/50 tie.

    In addition to the issues, more voters with CNN felt Obama attacked Romney (49%) than Romney attacking Obama (35%). If you watched the dials on the CNN feed you would know that every time they attacked each other the dials went down fast.

    Finally – on the issue of whether or not this changed your vote. In the CNN poll, 25% said they were more likely to vote for Obama and 25% said more likely to vote Romney. In the PPP poll, it was 37% more likely for Obama and 36% more likely to vote for Romney. If you watched the Fox News or MSNBC undecided voter focus groups you saw more voters decide to vote Romney than Obama.

    Bottom line — the debate as a whole was an improvement for Obama that was badly needed, but Romney remained strong throughout.

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