The presidential debates finally embraced a question about technology. Last night, CNN moderator Candy Crowley asked each candidate how they would “convince a great American” company like Apple to bring their manufacturing facilities to the U.S. Romney came out swinging against China, accusing them of currency manipulation, violating intellectual property law, and hacking U.S. computer systems. Obama, for his brief response, promised to invest in high-skilled labor and advanced manufacturing. We’ve pasted the full transcript below along with a bullet-pointed backgrounder on each argument.
- China’s weak currency, the RMB, relative to the dollar keeps their manufacturing costs low. Bucking even some within the Republican Party, Romney promises to officially designate China a currency manipulator on “day one.”
- Chinas has a notoriously bad counterfeiting problem (including surprisingly realistic fake Apple stores). Romney has proposed to create something like the World Trade Organization for countries who “embrace…
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