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From: J. Craig (3141592fgmail.com)
Date: Thu Nov 10 2011 - 13:20:07 CST
This hit the news for a bit in August as well:
On Thu, Nov 10, 2011 at 8:04 AM, Dave Aitel <daveimmunityinc.com> wrote:
> HARWOOD: Governor Romney, was it a mistake for Governor Schwarzenegger to
> hire the firm in China to build portions of that bridge?
> ROMNEY: Well, that's a -- a long answer to that, because what China is doing
> is not playing fairly by the rules that exist in our -- in the WTO and the
> world. China is, on almost every dimension, cheating. And we've got to
> recognize that. It is good for America...
> ROMNEY: It is good for America to have free trade. It is good for us to be
> able to send our goods and services around the word and vice versa.
> HARWOOD: So a good decision to build the bridge over there?
> ROMNEY: That is normally a good thing. But China is playing by different
> rules. One, they are stealing intellectual property. Number two, they're
> hacking into our computer systems, both government and corporate. And they
> are stealing, by virtue of that as well, from us.
> And finally, they are manipulating their currency, and by doing so, holding
> down the price of Chinese goods, and making sure their products are
> artificially low-priced. It's predatory pricing, it's killing jobs in
> If I'm president of the United States, I'm making it very clear, I love free
> trade. I want to open markets to free trade. But I will crack down on
> cheaters like China. They simply cannot continue to steal our jobs.
> more: http://thepage.time.com/2011/11/10/cnbc-transcript-of-your-money-your-vote-republican-presidential-debate/#ixzz1dJq8jZU7
> GINGRICH: Well, there are two things here. And let me say in advance that I
> would yield in part to Governor Huntsman, because he speaks fluent Chinese,
> he has worked in China, and he's been the ambassador. And I'd be curious to
> get his reaction.
> But there are two different parts here. The problem with building the bridge
> is simple. What -- what is it about American regulations, American taxation,
> American labor cost and attitudes that makes it cheaper to go to China than
> to go to the United States? Now, we...
> ... first of all, you've got to decide, how are we going to be more
> competitive and how are we going to be the lowest cost? And there's a new
> Boston consultant (ph) that says, by 2015, South Carolina and Alabama will
> be cheaper than the Chinese coastal provinces to manufacturing.
> Second, in terms of dealing with China strategically, I think we're going to
> have to find ways to dramatically raise the pain level for the Chinese
> cheating, both in the hacking side, but also on the stealing and
> intellectual property side. And I don't think anybody today has a
> particularly good strategy for doing that.
> more: http://thepage.time.com/2011/11/10/cnbc-transcript-of-your-money-your-vote-republican-presidential-debate/#ixzz1dJqHbruk
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