Friday, September 14, 2012

Chinese formally chide Willard, outs his source of wealth

"I also want to make sure that if a nation cheats like China has cheated, we call them on the carpet and don't let it continue." - Romney at Sept. 13 campaign rally in Virginia
 Just one day after climbing atop his high horse vowing to clamp down on China, calling it a "currency manipulator" and a "cheat," Romney was toppled by a scathing swipe from one of the country's official government newspapers.

Citing the irony of America's outsourcer-in-chief bashing China's currency values after having cashed in on it to great personal advantage, the article noted Romney has damaged relations between the countries and suggested he abandon "short-sighted China-bashing tricks and adopt at least a little bit of statesmanship on China-U.S. ties."
 What is more sensational is that this millionaire GOP candidate has vowed to declare China a currency manipulator on the first day of his presidency if elected.

Yet it is rather ironic that a considerable portion of this China-battering politician's wealth was actually obtained by doing business with Chinese companies before he entered politics.
The piece contends that Romney's "blaming-China-on-everything remarks are as false as they are foolish" and went on to lay blame for U.S. economic woes at the feet of its debtor, as only a note-holder might.

 For generations, China-bashing has been a cancer in U.S. electoral politics, seriously plaguing the relations between the two countries.

It has also become a handy tool for U.S. politicians who try to court the votes and support of ill-informed voters by ratcheting up antagonistic sentiment towards China, while truly serious social and economic woes within the United States have been left unfixed.

It is true that the stump speeches in U.S. elections are sometimes and somewhat different from what these quick-change politicians would actually carry out after taking office. Yet the damage that has been done to China-U.S. relations would not be easily fixed.
Oh, and for the record, note the Chinese, the "yuan has so far appreciated more than 30 percent against the U.S. dollar since Beijing began to reform its exchange rate regime in 2005."

That ... and you still owe us a shit-ton of money.

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