An example of politics as usual in the good old USA in the run up to a major election. Voters that buy into Romney’s spin on China should read this piece from Forbes magazine that says, “Buying From China Is in Fact Buying American”, which clearly points out that “China does not steal our jobs….”
Republican candidate Mitt Romney has made headlines during his campaign for declaring Beijing to be a threat to world currencies, but it wasn’t always so. In an intriguing new analytical piece, Reuters did a little digging and found that the millionaire’s current stance wasn’t always so. Shocking, we know.
According to Reuters:
“From his early days at private equity firm Bain Capital to his time as Massachusetts governor, Romney welcomed investments from China, and bought and expanded companies that benefited from its low labor costs and controlled currency. As chairman of the 2002 Winter Olympics, he also said Beijing should not be punished for human rights abuses.
All this is in sharp contrast to the Republican presidential candidate’s current line of attack on the world’s second-largest economy, which is now the United States’ most important trading partner and largest foreign creditor. And that makes political strategists, China experts and business…
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