News / USA

Republican Candidates Decry Intervention in Debt Crises Abroad

Republican presidential candidates (L-R) Rick Santorum, Michele Bachmann, Newt Gingrich and Mitt Romney take part in the CNBC Republican presidential debate in Rochester, Michigan, November 9, 2011.
Republican presidential candidates (L-R) Rick Santorum, Michele Bachmann, Newt Gingrich and Mitt Romney take part in the CNBC Republican presidential debate in Rochester, Michigan, November 9, 2011.

Wednesday night's Republican debate, at Oakland University in Michigan, focused on the economy.  Candidates largely agreed that the United States needed to cut spending and focus on domestic actions that they say could spur job growth and improve the economy.

The federal deficit and high unemployment are major issues of concern among U.S. voters, but the first question of the evening was about the global economy - namely, how the United States should respond to economic troubles abroad, such as those in Italy.

Georgia businessman Herman Cain told the debate audience on the CNBC television network that the United States needs to concentrate on issues at home if it wants to avoid the massive debt that is plaguing Italy.

"Focus on the domestic economy or we will fail," he said. "So, yes, focus on the domestic economy first."

Cain says there is not much that the United States can directly do for Europe's third largest economy because Italy's debt is simply too huge.

Former Massachusetts Governor Mitt Romney said during the CNBC debate that Europe is able to take care of its own problems.  

"My view is no, no, no.  We do not need to step in to bail out banks either in Europe or banks here in the U.S. that may have Italian debt," he said.  

Romney did say that the United States should continue to play a role in global financial bodies such as the World Bank and the International Monetary Fund.

Texas Congressman Ron Paul says the United States will most likely bail out Europe, which he said would "be a real tragedy."

Candidates, including former U.S. House speaker Newt Gingrich, Minnesota Congresswoman Michele Bachmann, Texas Governor Rick Perry and former Pennsylvania Senator Rick Santorum, spoke of the need for job growth and greater competition in the marketplace.  They generally agree that the United States needs to overhaul regulations and tax codes, and reduce the size and scope of government.  They also spoke of their opposition to government bailouts of private industries.

Back on the international economic front, Romney took aim at China.  During the CNBC debate, Romney accused China of "playing by different rules."

"One, they're stealing intellectual property.  Number two, they're hacking into our computer systems, both government and corporate, and they're stealing by virtue of that, as well, from us.  And finally, they're manipulating their currency, and by doing so holding down the price of Chinese goods and making sure their products are artificially low priced," said Romney. "It's predatory pricing. It's killing jobs in America."

Romney says, if he is elected president, he will take the issue of currency manipulation to the World Trade Organization and also apply tariffs to Chinese goods.  

During the CNBC debate, former U.S. Ambassador to China Jon Huntsman characterized the Sino-American relationship  as troublesome, problematic and complicated.  

"You start a trade war if you start slapping tariffs randomly on Chinese products based upon currency manipulation," said Hunstman. "That's not a good idea."   

Overall, the candidates did not spar with one another, but, on occasion, took issue with moderators for asking questions about complex topics that had to be answered in 30 to 60 seconds.

It was businessman Cain's first debate since accusations of sexual harassment against him  surfaced. The audience booed when moderator Maria Bartiromo raised the subject and linked it to questions of character and judgment.  Cain again said the allegations were unfounded and that Americans deserved better than to be tried in the court of public opinion.  

A moment of the debate that is likely to stick out in viewers' minds came when candidate Perry proposed eliminating three government agencies, but found himself unable to recall the third agency he would cut.  During the course of the debate, he remembered that he would abolish the Department of Energy, along with the Departments of Commerce and Education.   

A Gallup poll conducted last week and released on the day of the debate says Republicans predict Romney is most likely to be the party's presidential nominee, with 45 percent of Republicans polled predicting his nomination.  In second place is Cain, with 13 percent.

You May Like

African States Push to Keep Boko Haram Offline

Central African telecoms ministers working with Nigeria to block all videos posted by Boko Haram in effort to blunt Nigerian militant group's propaganda More

Falling Oil Prices, Internet-Savvy Youth Pose Challenge for Gulf Monarchies

Across the Gulf, younger generations are putting a strain on traditional politics More

Philippines Call Center Workers Face Challenges

Country has world’s largest business process outsourcing, or BPO, industry, employing some one-million workers More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
US Supreme Court Hears Hijab Discrimination Casei
X
Katherine Gypson
February 25, 2015 11:30 PM
The U.S. Supreme Court has heard opening arguments in a workplace religious discrimination case that examines whether a clothing store can refuse to hire a young woman for wearing the headscarf she says is a symbol of her Muslim faith. Katherine Gypson reports from the Supreme Court.
Video

Video US Supreme Court Hears Hijab Discrimination Case

The U.S. Supreme Court has heard opening arguments in a workplace religious discrimination case that examines whether a clothing store can refuse to hire a young woman for wearing the headscarf she says is a symbol of her Muslim faith. Katherine Gypson reports from the Supreme Court.
Video

Video Falling Gas Prices Hurt Nascent Illinois Hydraulic Fracturing Industry

Falling oil prices are helping consumers purchase cheaper petroleum at the pump. But that’s made hydraulic fracturing or “fracking” less economically viable for the companies in the United States invested in the process. VOA’s Kane Farabaugh reports on one Midwestern town that was hoping to change its fortunes by cashing in on the next big U.S. oil boom.
Video

Video Fighting in Sudan's South Kordofan Fuels Mass Displacement

Heavy fighting in Sudan's South Kordofan state is causing hundreds of thousands to flee into uncertain conditions. Local aid organizations estimate as many as 400,000 civilians have been internally displaced since the conflict began more than three years ago, while another 250,000 have fled across the border to refugee camps in South Sudan. VOA's Adam Bailes reports.
Video

Video Lao Dam Project Runs Into Opposition

A Lao dam project on a section of the Mekong River is drawing opposition from local fishermen, international environmental groups and neighboring countries. VOA's Say Mony visited the region to investigate the concerns. Colin Lovett narrates.
Video

Video A Filmmaker Discovers Her Biracial Identity in "Little White Lie

Lacey Schwartz grew up in an upper middle-class Jewish family, in a town in upstate New York where almost everyone she knew was white. She assumed that she was, as well. Her recent documentary, Little White Lie, tells the story of how she uncovered the secret of her true racial background. VOA’s Carolyn Weaver has more on the film.
Video

Video Deep Under Antarctic Ice Sheet, Life!

With the end of summer in the Southern hemisphere, the Antarctic research season is over. Scientists from Northern Illinois University are back in their laboratory after a 3-month expedition on the Ross Ice Shelf, the world’s largest floating ice sheet. As VOA’s Rosanne Skirble reports, they hope to find clues to explain the dynamics of the rapidly melting ice and its impact on sea level rise.
Video

Video US-Cuba Normalization Talks Resume Friday

Negotiations aimed at normalizing diplomatic relations between the U.S. and Cuba resume Friday. On the table: lifting a half-century trade embargo and easing banking and travel restrictions. There's opposition in Congress, but some analysts say there may be sufficient political and economic incentives in both nations for a potential breakthrough this year. VOA's Mil Arcega reports.
Video

Video Pakistan's Deadline For SIM Registration Has Cellphone Users Scrambling

Pakistani cell phone users have until midnight Thursday to register their SIM cards, or their service will be cut off. While some privacy experts worry about government intrusion, many Pakistanis are just worried about keeping their phone lines open. VOA Deewa reporter Arshad Muhmand has more from Peshawar.
Video

Video Myanmar Warns Factory Workers to End Strikes

Outside Myanmar's main city Yangon, thousands of workers walked off their jobs earlier this month demanding a doubling of their wages, pay raises after a year and input from labor unions on industrial regulations. Since Friday, the standoff has grown more tense as police moved in to disrupt the sit-ins, resulting in clashes that injured people from both sides. VOA correspondent Steve Herman visited industrial zones which have become a focus of Myanmar's fledgling workers rights movement.
Video

Video Oscar Winners Do More Than Thank the Academy

The Academy Awards presentation is Hollywood’s night to reward the best movies from the previous year. It’s typically a lot of glitter, a lot of thank you’s, a lot of speeches. But many of this year’s speeches carried messages beyond the thank you's. VOA’s Carolyn Presutti takes a look.

All About America

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More