So President Obama attacks Romney on Chinese investments, or, in other words, condemns his challenger for supporting U.S. exporters (for supplying Chinese companies with the [U.S.] currency they’d only accept if they desired U.S. goods, assets or services). Or, at a minimum, supporting the global flow of US dollars by investing in foreign securities. And while Romney’s trustee unintentionally supports the U.S. economy while pursuing the trust beneficiaries’ best interests, the trustor himself promises, should he take office, to double-down in the opposite direction. That is to collect from the American consumer (tariffing Chinese goods and thus forcing higher prices onto you and me) and the U.S. exporter (who recaptures those U.S. consumer dollars) and distribute to his corporate supporters.
If personal liberty is your hot button, there’s, alas, no clear choice (on trade) between the two candidates. Their rhetoric entirely merges when it comes to protectionism.
Once again, here’s my free-trade lesson. Forgive my hammering you on protectionism, but, in my daily discussions with clients, I find the consumer (his/her understanding) to be most abused on this issue.