Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Romney ad hits Obama for letting China counterfeit US intellectual property
Howard Richman, 1/9/2012
The other Republican candidates give Obama a pass on trade policy, because they plan to adopt the same policy if elected. Romney is making it an issue.
And this should be a huge issue! Since Obama took office, his trade policy has cost American workers 800,000 manufacturing jobs, not to mention the jobs lost that would have provided services to these productive workers. Then, in the summer of 2010, he let the growing U.S. trade deficit abort his economic recovery (see Obama Fiddles While Economy Falters). And the utter incompetence continues. For the past 21 consecutive months he has let the Chinese government grow its trade surplus in goods with the United States, as compared to the same month the previous year.
For another take on Romney's add, see Ian Fletcher's Huffington Post commentary about it (Romney's Emerging Strategy: Blame China).
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