Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (202418)	9/21/2012 4:06:36 PM
From: Wharf Rat	Read Replies (2) \| Respond to of 543518

I just saw this ad. Our Willard does another 180. Obama Ad: 'How Can Mitt Romney Take On The Cheaters' In China? WASHINGTON -- President Barack Obama's reelection campaign released an ad Monday bashing GOP presidential candidate Mitt Romney for his statements on China, the latest clash between the candidates over who would be tougher on the world's most populous nation's trade practices. "Tough on China? Not Mitt Romney," a narrator says in the ad. "When a flood of Chinese tires threatened a thousand American jobs, it was President Obama who stood up to China and protected American workers." The ad refers to a 2009 decision by Obama to impose a tariff on tires from China, which may have flooded the market and hurt U.S. tire makers. Romney criticized that decision. "How can Mitt Romney take on the cheaters when he’s taking their side?" the narrator continues. The campaigns have been sparring over whether Obama is too soft on China. While the president has pointed to the punitive tire tariffs and to his administration's official complaints about China to the World Trade Organization, Obama filed a new WTO complaint on Monday over China's trade in auto parts, which he turned into a campaign line at an Ohio event later in the day. huffingtonpost.com = In 2009, Romney criticized Obama for taking too hard a line against China, after Obama imposed tariffs on Chinese tires, after claiming that China was dumping them on U.S. markets. “President Obama’s action to defend American tire companies from foreign competition may make good politics by repaying unions for their support of his campaign, but it is decidedly bad for the nation and our workers. Protectionism stifles productivity,” Romney wrote in No Apology: The Case For American Greatness, which he has since referred to as blueprint for his 2012 campaign. The World Trade Organization later ruled that Obama was legally justified in bringing the sanctions against Chinese tires. tradereform.org