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

Photogallery Oxfam: Ebola Could Be 'Disaster of Our Generation'

Meanwhile, Fidel Castro, the former leader of Cuba, says the Caribbean island nation will 'gladly cooperate' with the US in the fight against Ebola in West Africa More

Multimedia Kobani Fighting Sends 400,000 Refugees to Turkey

Refugees receive help from Turkish authorities and individuals, but say much more is needed More

India’s Ruling Nationalist Party Makes Gains in Regional Elections

Bharatiya Janata Party’s huge margin over its rivals puts it on course to form governments in the northern Haryana and western Maharashtra states 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.
Exclusive: American Joins Kurds' Anti-IS Fighti
X
Zana Omer
October 18, 2014 6:37 PM
The United States and other Western nations have expressed alarm about their citizens joining Islamic State forces in Syria and Iraq. In a rare counterpoint to the phenomenon, an American has taken up arms with the militants' Syrian Kurdish opponents. Elizabeth Arrott has more in this exclusive profile by VOA Kurdish reporter Zana Omer in Ras al Ayn, Syria.
Video

Video Exclusive: American Joins Kurds' Anti-IS Fight

The United States and other Western nations have expressed alarm about their citizens joining Islamic State forces in Syria and Iraq. In a rare counterpoint to the phenomenon, an American has taken up arms with the militants' Syrian Kurdish opponents. Elizabeth Arrott has more in this exclusive profile by VOA Kurdish reporter Zana Omer in Ras al Ayn, Syria.
Video

Video South Korea Confronts Violence Within Military Ranks

Every able-bodied South Korean male between 18 and 35 must serve for 21 to 36 months in the country’s armed forces, depending upon the specific branch. For many, service is a rite of passage to manhood. But there are growing concerns that bullying and violence come along with the tradition. Reporter Jason Strother has more from Seoul.
Video

Video Comanche People Maintain Pride in Their Heritage

The Comanche (Indian nation) once were called the “Lords of the Plains,” with an empire that included half the land area of current day Texas, large parts of Oklahoma, New Mexico, Kansas and Colorado.The fierceness and battle prowess of these warriors on horseback delayed the settlement of most of West Texas for four decades. VOA’s Greg Flakus reports from Lawton, Oklahoma, that while their warrior days are over, the 15,000 members of the Comanche Nation remain a proud people.
Video

Video Turkey Campus Attacks Raise Islamic Radicalization Fears

Concerns are growing in Turkey of Islamic radicalization at some universities, after clashes between supporters of the jihadist group Islamic State (IS) or ISIS, and those opposed to the extremists. Pro-jihadist literature is on sale openly on the streets of Istanbul. Critics accuse the government of turning a blind eye to radicalism at home, while Kurds accuse the president of supporting IS - a charge strongly denied. Henry Ridgwell reports from London.
Video

Video Syrian Defector Leaks Shocking Photos of Torture Victims

Shocking photographs purporting to show Syrian torture victims are on display at the U.S. Holocaust Memorial Museum in Washington. The museum says the graphic images are among thousands of photographs recently smuggled out of Syria by a military policeman-turned-defector. As VOA reporter Julie Taboh reports, the museum says the photos provide further evidence of atrocities committed by the government of Syrian President Bashar al-Assad against its own people.
Video

Video Drought-Stricken California Considers Upgrading Water System

A three-year drought in California is causing a water shortage that is being felt on farms and cities throughout the state. As VOA's Mike O’Sullivan reports, water experts, consumers and farmers say California needs to make changes to cope with an uncertain future.
Video

Video TechShop Puts High-tech Dreams Within Reach

Square, a business app and card reader, makes it possible to do credit card transactions through cell phones. But what made Square possible? VOA’s Adrianna Zhang and Enming Liu have the answer.
Video

Video Church for Atheists Goes Global

Atheists, by definition, do not believe in God. So they should have no need of a church. But two years ago, a pair of British stand-up comedians decided to create one. Sanderson Jones and Pippa Evans told the BBC they envisioned “something like church but without God". Their “Sunday Assembly” movement has grown from a single congregation in London to dozens of churches around the world. Reporter Mike Osborne visited with the members of a Sunday Assembly that now meets regularly in Nashville.
Video

Video Robot Locates Unexploded Underwater Mines

Many educators believe that hands-on experience is the best way to learn. Proving that the method works is a project developed by a group of students at the Stevens Institute of Technology, in Hoboken, New Jersey. They rose up to a challenge posted by the U.S. Department of Defense and successfully designed and built an underwater robot for locating submerged unexploded ordnance. VOA’s George Putic reports.
Video

Video Liberia's JFK Hospital Reopens After Temporary Ebola Exposure

JFK Hospital is Liberia’s largest and one of its oldest medical facilities. The hospital had to close temporarily following the deaths of two leading doctors from Ebola. It is now getting back on its feet, with the maternity ward being the first section to reopen. Benno Muchler has more for VOA News from Monrovia.
Video

Video Hong Kong Protests Expose Generation Gap

Most of the tens of thousands of protesters in Hong Kong are students seeking democracy. Idealistic youths say while the older generation worries about the present, they are fighting for the territory's future. VOA's Daniel Schearf reports from Hong Kong.
Video

Video Liberians Living in US Struggle From Afar as Ebola Ravages Homeland

More than 8,000 Liberians live in New York City, more than in any other city outside of Liberia itself. As VOA’s Bernard Shusman reports, with the Ebola virus ravaging their homeland, there is no peace of mind for these New Yorkers.
Video

Video Kurds See War-Ravaged Kobani As Political, Emotional Heartland

Intense fighting is continuing between Islamic State militants -- also known as ISIS or ISIL -- and Kurdish forces around the Syrian town of Kobani, on the Turkish border. The U.S. said it carried out at least nine airstrikes against Islamic State positions Friday. Meanwhile the U.N. has warned that hundreds of civilians would be massacred if the town falls to the militants. Henry Ridgwell looks at the strategic significance of the city.

All About America

AppleAndroid