AdamT
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Seems the main selling point for Romney, since he won't really say what his policies are, and he flips faster than a Chinese gymnast, is that he's just a competent fellow. But he sure seems to be running an incompetent campaign. The latest example of that was Romney choosing American Spring Wire as the location to press his big China argument against Obama. Romney, of course, argues that Obama hasn't done enough to protect American trade from the Chinese. The only problem? In 2009, American Spring Wire sought and received protection from the Obama administration against Chinese dumping. DOH!
How incompetent is that? Of all the companies in the U.S. to pick to deliver your trade protection message, you pick one that benefitted enormously from the Obama administration's trade policy intervention?
Romney also claims that Obama hasn't done enough to force the Chinese to inflate their currency. Last week it was announced that China's yuan hit it's highest level versus the dollar in 19 years.
(CNN) – Despite Mitt Romney's ongoing attack against President Barack Obama for not protecting American businesses against China, the Republican nominee held an event at a company Wednesday that may have benefited from an Obama administration trade action against the country.
Romney held a roundtable discussion on manufacturing with business leaders at American Spring Wire's headquarters in Bedford Heights, Ohio as part of his campaign's three-day bus tour across the Buckeye State.
The same company, along with two steel wire companies from North Carolina and Tennessee, petitioned the government on May 27, 2009 to look into a trade issue, arguing that Chinese firms were selling steel wire products in the U.S. at less than normal value. On June 17, 2009, the Department of Commerce announced a decision to start investigating the problem.
A year later, the International Trade Administration, a division within the Commerce Department, announced it was ordering an "antidumping" duty on "prestressed concrete steel wire" strands from China. It also announced a countervailing duty, aimed to counter subsidized products coming from other countries.
As part of the order, U.S. Customs and Border Protection officers were instructed to suspend liquidation on the merchandise from China and "require cash deposits equal to the estimated amount by which the normal value exceeds the U.S. price," according to a Commerce statement issuing the order at the time.
The department regularly issues antidumping and countervailing duty orders on products being imported at unfair prices-a policy in place before Obama took office. Under his administration, more than 53 such orders have been issued, 39 of which have been against China.
Romney's campaign, however, argued the president "deserves no credit" for enforcing policies that have already been in place.
China conundrum: Romney event site benefited from Obama trade action – CNN Political Ticker - CNN.com Blogs
How incompetent is that? Of all the companies in the U.S. to pick to deliver your trade protection message, you pick one that benefitted enormously from the Obama administration's trade policy intervention?
Romney also claims that Obama hasn't done enough to force the Chinese to inflate their currency. Last week it was announced that China's yuan hit it's highest level versus the dollar in 19 years.
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