Romney Op-Ed: To Preserve Free Trade China’s Cheating Must End


Radio commentator Laura Ingraham was right when she said: “Without a doubt, the most forceful commentary about China cheating on trade, the effects on the U.S. economy, and holding China accountable have come from Governor Romney.

Romney continues to speak out on USA trade inequities with China. Here’s part of his op-ed published yesterday in the Washington Post:

China must respect the free-trade system

The feckless economic policies of the Obama administration have resulted in a 10 percent decline in our median income, persistent unemployment above 8 percent and collapsing home and asset values.

Understandably, some ask whether we should abandon the economic principles behind our historic prosperity. Should government redistribute wealth? Is free enterprise a flawed system? Should we abandon free trade? No, no and no. Redistribution is what once impoverished China and the Soviet Union. Free enterprise is the only permanent cure for poverty. Free trade has the demonstrated ability to make the people of both trading nations more prosperous.

But for free enterprise and free trade to work their magic, laws and rules that guide the participants are essential to prevent distortions and abuses. If the rules are modern and dynamic, enterprise can thrive. If they are burdensome and antiquated, enterprise will stall. For rules to be effective, of course, all players must abide by them. The incentive to cheat can be enormous. So is the harm that cheating can cause.

China is a case in point. Having embraced free enterprise to some degree, the Chinese government and Chinese companies have quickly divined the benefits of ignoring the rules followed by others. China seeks advantage through systematic exploitation of other economies. It misappropriates intellectual property by coercing “technology transfers” as a condition of market access; enables theft of intellectual property, including patents, designs and know-how; hacks into foreign commercial and government computers; favors and subsidizes domestic producers over foreign competitors; and manipulates its currency to artificially reduce the price of its goods and services abroad.

The result is that China sells high-quality products to the United States at low prices. But too often the source of that high quality is American innovations stolen by Chinese companies. And the source of those low prices is too often subsidies from the Chinese government or manipulation of the Chinese currency.

Some argue that access to quality goods at low prices is good for our consumers. But like the predatory pricing prohibited under our antitrust laws, China’s underpriced products lead to an undesirable and inefficient elimination of competing businesses, with serious long-term consequences. And in this case, the businesses killed are often our own. Meanwhile, American companies do not even get the supposed benefit of the free-trade bargain: When they try to do business in the Chinese market, they find policies designed to shut them out.

Candidate Obama talked tough about China’s trade policies; President Obama has whispered about them. China smiles, diverts attention by criticizing the United States and merrily continues to eat our economic lunch. Who can blame the Chinese for ignoring our timid complaints when the status quo has served them so well?

Actually doing something about China’s cheating makes some people nervous. Not doing something makes me nervous. We are warned that we might precipitate a trade war. Really? China is selling us $273 billion per year more than America is selling China — why would it possibly want a trade war?

And what is the alternative to confronting China? It is allowing the Chinese to take by trade surrender what we fear to lose in trade war.

(emphasis added )

CONTINUE reading here.

► Jayde Wyatt

Praise for Romney’s Jobs Plan: Book is Detailed, Easy to Understand, and FREE

Candace Salima, US Daily Review contributor, praises Mitt Romney’s 156 page detailed jobs plan:

Book Review: Believe in America by Mitt Romney

I don’t believe we’ve ever seen a candidate for United States president publish the basis of his economic plan for all to read before. And yet, this is precisely what Mitt Romney has done. He then, very wisely, made it available in electronic format, both on his website and on Kindleand to top it all off, it’s free.

That’s the right price for me, so I immediately downloaded it onto my laptop and Galaxy Tab and started reading. I was not only pleasantly surprised by the thoroughness of the contents, it set a new standard for me in presidential candidates. Let me explain.

When someone, Mitt Romney in this instance, puts a plan down on paper, we can then hold them to it, every aspect of it. That takes a certain kind of conviction and ability to stand behind what you say. I’d like to see the rest of the candidates do the same. I’d like their plans for the U.S. economy down on paper, published, and made available, for free, to the American people. Then we can vote on facts rather than just debates, websites, and news articles. Of course, you’ll be held accountable, but isn’t that the point of the current political climate. Taking responsibility.

Ms. Salima agrees with Romney’s list of problems that America is grappling with: taxes, regulations, trade policies, energy, labor, human capital, and fiscal policies.

She appreciates Romney’s commitment to his jobs/economic plan, the way it is outlined, and that the price is right - FREE:

This takes an immense amount of belief in one’s stance on the issues. Whether you support Mitt Romney or not, I am going to encourage you to read Believe in America because I came away with a clear, concise understanding of the fiscal situation we are now facing, as well as a solid plan to put America back on the proper fiscal path. It is written in understandable language and is not in a complicated fashion. It was written, I believe, to put forth Romney’s plans for America so it could be understood by everyone willing to read it.

…[I]t is short, concise and worth the read.

Access Believe in America on Mitt Romney’s website

Access Believe in America on Kindle

Cost: $0.00

Rating: 4 Stars


(emphasis added) Read entire article here.

► Jayde Wyatt

Mitt Romney’s ‘No Teleprompter, No Text’ Jobs Speech: Bold & Comprehensive

Gov Mitt Romney emphasizes his 'no teleprompter, no prepared text' jobs creation speech by holding up his one page of notes. Romney rolled out a comprehensive jobs plan to a large crowd at McCandless Intl Trucks in Las Vegas, NV. Sept 6, 2021 (photo by Julie Jacobson/AP)


DAY ONE, JOB ONE

He said it would be bold and sweeping.

He was right.

59 points contained in a 160 page book…

It was a stunning revelation as Mitt Romney outlined his much–anticipated, comprehensive jobs plan to modernize the wheezing American economic engine.

From Las Vegas, NV, a state crippled with 12.9% unemployment, 300 people crowded into a warehouse at McCandless International Trucks to listen to Gov Romney. Delivered without prepared text or a teleprompter, Romney elaborated at length on his vision for American prosperity – from just one page of notes. He spoke on taxes, regulation, trade, energy, fiscal policy, etc. He also outlined what he would do to spur job growth on his first day as President of the United States:

At best, government can provide a framework in which economic growth can occur. All too often, however, government gets in the way,” Romney wrote Tuesday in an opinion piece in USA Today that previewed his 160-page plan. “The past three years of unparalleled government expansion have retaught that lesson all too well.”
[...]
Romney planned to use the plan’s rollout to contrast his candidacy with his Republican rivals and present a comprehensive outline for fixing the economy just as Obama prepares to unveil his jobs initiative on Thursday.

(link, emphasis added) Continue reading here.

FACT SHEET: MITT ROMNEY’S PLAN TO TURN AROUND THE ECONOMY

Five Bills for Day One

The American Competitiveness Act: Reduces the corporate income tax rate to 25 percent

The Open Markets Act: Implements the Colombia, Panama, and South Korea Free Trade Agreements

The Domestic Energy Act: Directs the Department of the Interior to undertake a comprehensive survey of American energy reserves in partnership with exploration companies and initiates leasing in all areas currently approved for exploration

The Retraining Reform Act: Consolidates the sprawl of federal retraining programs and returns funding and responsibility for these programs to the states

The Down Payment on Fiscal Sanity Act: Immediately cuts non-security discretionary spending by 5 percent, reducing the annual federal budget by $20 billion

Five Executive Orders for Day One

An Order to Pave the Way to End Obamacare: Directs the Secretary of Health and Human Services and all relevant federal officials to return the maximum possible authority to the states to innovate and design health care solutions that work best for them

An Order to Cut Red Tape: Directs all agencies to immediately initiate the elimination of Obama-era regulations that unduly burden the economy or job creation, and then caps annual increases in regulatory costs at zero dollars

An Order to Boost Domestic Energy Production: Directs the Department of the Interior to implement a process for rapid issuance of drilling permits to developers with established safety records seeking to use pre-approved techniques in pre-approved areas

An Order to Sanction China for Unfair Trade Practices: Directs the Department of the Treasury to list China as a currency manipulator in its biannual report and directs the Department of Commerce to assess countervailing duties on Chinese imports if China does not quickly move to float its currency

An Order to Empower American Businesses and Workers: Reverses the executive orders issued by President Obama that tilt the playing field in favor of organized labor, including the one encouraging the use of union labor on major government construction projects

To learn how to access the PDF and kindle version of Romney’s book Believe in America: Mitt Romney’s Plan for Jobs and Economic Growth click here.

Immediately following Romney’s speech, CNBC’s Larry Kudlow was on hand to interview him:

Part 2 Kudlow interview:

Greta Van Susteren (FOX News) also conducted a phone interview with The Gov.
Romney: “I’m looking at America over the next 30 years.”


To see video of Romney’s entire speech, which includes an intro by Congressman Joe Heck (R-NV), co-chair for Mitt’s campaign in The Silver State, and inspirational remarks from John McCandless, founder of McCandless Intl Truck, click here. (Look in right-hand column at ‘Video Playlist’ then click on Mitt Romney Speech on Jobs & Economy.)

► Jayde Wyatt

“STAND WITH ME” -Mitt Romney

Mitt Romney calls out to all conservatives: “Stand With Me”.

Please help keep America strong, prosperous, and free. Click below to sign the ‘Stimulate the Economy, Not the Government‘ petition, and join Mitt Romney in his effort to strengthen America!

Stand With Me - Romney

“America is great because our society is free and the power of government is limited by the Constitution.” -Mitt Romney