http://thinkprogress.org/economy/2012/10/23/1071091/romney-china-currency-promise/
During last night’s final presidential debate, Mitt Romney once again promised to label China a currency manipulator on his first day in office, should he win the election. “I’ve watched year in and year out as companies have shut down and people have lost their jobsbecause China has not played by the same rules, in part by holding down artificially the value of their currency,” Romney said. “They’re making some progress; they need to make more. That’s why on day one I will label them a currency manipulator which allows us toapply tariffs where they’re taking jobs.”President Obama responded by saying, “actually, currencies are at their most advantageous point for U.S. exporters since 1993.” Indeed, as this chart from Quartz’s Tim Fernholz shows, the Chinese yuan has appreciated by a significant amount since Obama came into office:
this is a choice primarily on the substance of this admin and it's preponderance of the evidence of what he has accomplished in spite of the pledge by the right wing to do absolutely nothing to help him and by default not to help "we the people" either.
those voting for Romney now you are part of the "we the people" and more egregiously the 47% that he is not worrying about.
Biden "rely on your common sense"
Labeling China a currency manipulator would not immediately have any effect in terms of tariffs, but economists warn that it could, at worst, start a trade war. "The economic credibility of that action would be pretty thin," said Arvind Subramanian of the Peterson Institute of International Economics. "Moreover, it would be blatantly provocative at a time when the new leadership was getting in place in China, and the new administration as well."
presidential or not?
