China’s Xinhua News Agency: Mitt Romney’s “Wealth Obtained Doing Business with Chinese Companies”
China’s Xinhua News Agency Calls Mitt Romney’s ‘Currency Manipulator’ Attack ‘Foolish and Hypocritical’ (Photo credit: DonkeyHotey)
“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,” Xinhua wrote.
“Such blaming-China-on-everything remarks are as false as they are foolish, for it has never been a myth that pushing up the value of China’s currency would be of little use to boost the chronically slack job market of the world’s sole superpower, not to mention to magically turn the poor U.S. economic performance around.”
Xinhua said such China-bashing had 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.”
The United States should “put its own fiscal house back in order, substantially slash its tremendous military expenditure, and optimize its economic structure”, it added.
Damn, yesterday Joe Scarborough eviscerated Mitt Romney and today the Chinese news agency did it all over again. Mitt Romney talks tough, but this is a league in which he is in way over his head. Just take a look at the news today and you will find at least two flip-flops — 1.) he’s as meek as a mouse on the US embassy in Cairo’s response to the unrest before the ambassador was killed and 2.) he’s siding with Obama against Netanyahu on drawing ‘red lines’ in the whole beating of war drums for Israel to attack Iran. Sounds like the Chinese got it right this time around. Let’s see, how many more prominent world leaders will Mitt Romney insult before the Nov. 6th elections?
This was cross-posted from The Hinterland Gazette.
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I take anything that comes from China with a few million grains of salt. Although I do have to agree with the slashing of military expenditures. But then again, hearing that from China makes me skeptical as well.
Maybe Mr. Romney should participate in the Olympics rather than run them. Do they have a flip-flop competition?
Reuters) – Mitt Romney may be down on China and threatening to declare Beijing a currency manipulator from day one if he is elected president, but his past dealings with the country show he was not always so hostile.
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.
There’s more:
http://www.reuters.com/article/2012/06/13/us-usa-campaign-romney-china-idUSBRE85C04620120613
What we seem to be seeing more and more is evidence suggesting Romney is indeed out of his league. Being president is a position for which few people are well qualified; Romney doesn’t appear to be one of those few.
Let’s see, Romney’s insulted and pissed off Russia, Britain, and China. He should totally call Stephen Harper .., encourage the redesign of the Eiffel tower, and mock Abdullah bin Abdulaziz’s head covering. Maybe have a Kia-burning festival. Then he’ll pretty much have his bases covered on pissing off a really strong cross-section of our diplomatic and economic partners.
But he’s sure lock up the Tea Party vote!
The connections between Bain capital and Huawei, and between Hauwei & IP theft from Cisco, Illicit high-tech trade with Iran, alleged incorporation of backdoors in their network hardware to facilitate chinese gov’t espionage/sabotage, and a whole bunch of other stuff, have surfaced in the tech press several times over the past few years. Viz: this 2007 cnet article , but they’ve never made it into the mainstream media.
The deeper you dig into this world, the uglier it gets, but up till now the chattering classes have adamantly refused to pick up their shovels. One might hope that the events of recent days will prompt at least a few to do so.
Hopefully he won’t start WWIII before Halloween– I have a party to go to.
Seriously though, I think his advisers are a bunch of leftover neocons who keep telling him to come out with tough talk towards international affairs. That combined with a stunning ignorance about how the rest of the world views us, and how our presence abroad really works, are creating this problem for him and the GOP.
My biggest problem with him is the flip-flopping– he doesn’t seem to know which positions are Obama’s and which are his own well enough to draw a firm contrast. Also, its disconcerting to think that he might hand over our Israeli policy to Netanyahu or go to war with Iran because he’s getting 100 million dollars from Sheldon Adelson, an extremist Zionist who introduced him to Bibi in Israel in August.
It will be interesting to see how he does in the foreign affairs debate.