The presidential campaign is in high gear, and both candidates are firing back and forth with "I can do more to save manufacturing than you can" and "I can do more about China than you can."
With just over a month until Election Day, the Obama campaign has released a new two-minute ad with the President laying out his plan to "keep America moving."
- Specifically, the president want to "create a million new manufacturing jobs, help businesses double their exports, and give tax breaks to the companies that invest in America, not ones that ship our jobs overseas."
- He also points to aggressive trade action on China: "He has filed more China trade cases in one term than his predecessor did in two" and is "challenging China’s unfair trade practices that hurt American autoworkers."
In response, the Romney campaign says that:
- President Obama has been weak on tackling China because he doesn't want to "embarrass" them.
- The president should designate China a currency manipulator if he's serious abut taking action.
Okay, fact checking on both sides…
1. President Obama has failed seven times to designate China as a currency manipulator, a clear departure from his campaign promises in 2008.
2. If Mitt Romney is so serious about tackling China's currency undervaluation, why hasn't he pressured House Speaker John Boehner to allow a vote on currency legislation?
