News / USA

    Romney Taunts China on Space, Olympics

    U.S. Republican presidential candidate Mitt Romney speaks during a campaign stop in St. Augustine, Florida, August 13, 2012.
    U.S. Republican presidential candidate Mitt Romney speaks during a campaign stop in St. Augustine, Florida, August 13, 2012.
    VOA News
    U.S. Republican presidential candidate Mitt Romney continued his tough talk on China Monday, mocking Beijing's plans to send an unmanned rocket to the moon.

    At a campaign speech in the southeastern state of Florida, Romney also boasted about the success of the U.S. Olympic team, which finished with 16 more medals than second-place China.

    "This is still the greatest nation on Earth," Romney said. "I know there are people around the world who are always critical of America, have something negative to say, say our greatest days are in the past. Baloney. We just won more Olympic medals than any other nation on Earth. You also just saw we just landed on Mars and took a good look at what's going on there. And I know the Chinese are planning on going to the moon, and I hope they have a good experience doing that. And I hope they stop in and take a look at our flag that was put there 43 years ago."

    During his campaign, Romney has taken a firm stance on issues that have recently tested U.S.-China relations, including disputes over trade, intellectual property, and currency value.

    China reacts

    Beijing has dismissed such statements as irresponsible and politically motivated, and has suggested they could hurt relations between the world's two largest economies.

    Romney has repeatedly threatened to designate China as a currency manipulator and impose sanctions against it if he is elected. In his speech Monday, he made similar comments.

    "We also need to crack down on nations that cheat and don't play by the rules," he warned. "When China steals our technology, when China steals our intellectual property, our patents and designs, our know-how, when they manipulate their currency, we're going to say, 'no-more.' Cheating must have consequences."

    Many in the U.S. and Europe accuse Beijing of intentionally keeping the value of its yuan currency low, giving its exporters an unfair advantage in international markets.

    President Obama has accused China of "gaming" the global trading system, but has stopped short of calling for it to be officially labeled as a currency manipulator.

    Photo Gallery: Romney Announces Running Mate

    • Republican presidential candidate, former Massachusetts Gov. Mitt Romney, right, and vice presidential candidate Wisconsin Rep. Paul Ryan, R-Wis., wave at the crowd during a campaign event, Aug. 11, 2012 in Norfolk, Va.
    • Paul Ryan addresses the crowd, Aug. 11, 2012, during a campaign event with Republican presidential candidate, Mitt Romney, not shown, in Norfolk, Va.
    • Republican U.S. Presidential candidate Mitt Romney (L) introduces Congressman Paul Ryan (R-WI) as his vice-presidential running mate during a campaign event at the retired battleship USS Wisconsin in Norfolk, Virginia, August 11, 2012.
    • Paul Ryan, and his family, and Republican presidential candidate, former Massachusetts Gov. Mitt Romney and his family, partially visible at center back, wave to the crowd, Aug. 11, 2012, in Norfolk, Va.
    • Rep. Paul Ryan high-fives people in the crowd after speaking at a campaign event, Aug. 11, 2012, in Norfolk, Va.
    • Republican presidential candidate Mitt Romney, right, and vice presidential candidate Wisconsin Rep. Paul Ryan are joined by Ryan's daughter Liza as they wave to the crowd, Aug. 11, 2012, in Norfolk, Va.

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    by: Bamgbose from: WhfXRFntnKymqw
    August 23, 2012 1:37 PM
    to lift all boats and the region arnoud the project area is expected to benefit. Like giving tax breaks to the wealthy is supposed to help the middle class.Spinners for the RDAs argue that redevelopment activities support 304,000 jobs annually, including 170,600 construction jobs; contribute more than $40 billion annually to California’s economy in the generation of goods and services; and generate more than $2 billion in state and local taxes in a typical year.Moreover, since the law requires 20 percent of the tax increment to be dedicated for low- and moderate-income housing, the RDAs argue that eliminating redevelopment will significantly undermine efforts to provide homes for those who otherwise cannot afford it.A close look at the numbers: But the most thorough and academically sound study of redevelopment we’re aware of, by Michael Dardia of the Public Policy Institute of California, found in 1998:“After correcting for local real estate trends, the author finds that redevelopment projects do not increase property values by enough to account for the tax-increment revenues they receive. Overall, the agencies stimulated enough growth to cover just above half of those tax revenues. The rest resulted from local trends and would have gone to other jurisdictions in the absence of redevelopment.”A study by the nonpartisan Legislative Analyst’s Office recently concluded as much and more.“While redevelopment leads to economic development within project areas, there is no reliable evidence that it attracts businesses to the state or increases overall regional economic development. Instead, the limited academic literature on this topic finds that — viewed from the perspective of an entire city or region — the effect of this program on property values is minimal. That is, redevelopment may cause some geographic shifts in economic development, but does not increase the overall amount of economic activity in a region. (emphasis added)“The independent research we reviewed found little evidence that redevelopment increases jobs. That is — similar to the analyses of property values — the research typically finds that any employment gains in the project areas are offset by losses in other parts of the region. We note that one study, commissioned by the California Redevelopment Association, vastly overstates the employment effects of redevelopment areas.“Redevelopment agencies receive over $5 billion of tax increment revenues annually. Lacking any reliable evidence that the agencies’ activities increase statewide tax revenues, we assume that a substantial portion of these revenues would have been generated anyway elsewhere in the region or state.“For example, a redevelopment agency might attract to a project area businesses that previously were located in other California cities, or that were planning to expand elsewhere in the region. In either of these cases, property taxes paid in the project area would increase, but there would be no change in statewide property tax revenues.“To the extent that a redevelopment agency receives property tax revenues without generating an overall increase in taxes paid in the state, the agency reduces revenues that otherwise would be available for local agencies to spend on nonredevelopment programs, including law enforcement, fire protection, road maintenance, libraries and parks.” (emphasis added)The bottom line: In other words, despite the good arguments that RDAs make about the enormously positive local impacts of redevelopment — San Jose’s downtown and its northern industrial area are excellent examples — the evidence suggests there’s a huge cost to the state (which has to back-fill funds that otherwise would have gone to schools) and little benefit or a substantial cost to counties and special districts.We’re not even getting to other issues, like the fact that the only “blight” a lot of redevelopment areas had before they were made projects was pear blight, and the fact that there’s virtually no oversight of how redevelopment funds are spent (and millions of dollars are spent outside the law’s intent to subsidize flagging city budgets and improve stable neighborhoods). That’s just piling on.Brown’s budget would ensure that RDAs will receive enough money to cover the debt service on bonds they have already issued (although the structure of the agencies that will make those payments still must be worked out).But in an era when California is faced with draconian cutbacks to higher education, schools, parks and public safety, the diversion of property taxes to redevelopment agencies is a luxury the state can no longer afford.

    by: Balaza from: Blantyre
    August 16, 2012 9:40 AM
    Very irresponsible comments indeed from a presidential hopeful

    by: HDS26234 from: California
    August 15, 2012 6:28 AM
    All I wish to say is this: The Founding Fathers are and have been weeping bitterly in their graves for a long time, seeing how their nation acts at home and abroad! This, for those born Americans who know anything about them. Please elect Ron Paul?

    by: Tim from: LA
    August 15, 2012 5:12 AM
    Do you think Romney is plug worthy? http://ow.ly/cYQIY

    by: James from: Detroit
    August 15, 2012 1:08 AM
    Bad thing is that China PPP is not 43 years behind, some prediction of overtaking US in the near future.

    by: Yoshi from: Sapporo
    August 14, 2012 11:12 PM
    It looks like VOA is against the tough talk of Romney to China because VOA darely posted this article which clearly shows Romney is not appropriate for president and have everybody suspect his personality.  

    by: John from: German
    August 14, 2012 9:51 PM
    dears, actually you mistake the chinese people, they have nothing to do with the communist party. The fact is that the chinese people hate the goverment and communist party and dreaming of overthrowing them, for the both evil are so corruptive and unjust ,has turn china the into hell.
    In Response

    by: A320 from: China
    August 17, 2012 8:56 AM
    You are right.
    In Response

    by: Chen from: China
    August 16, 2012 3:51 AM
    how can say that? you should come to china and see what's really happened.

    by: Lou from: Boston
    August 14, 2012 4:06 PM
    We have our polical differences, Dem vs. Rep...! but all Americans must remeber this: Communist China is NOT your friend. Look at what they've done, read your history books.
    In Response

    by: asdf from: oiasdf
    August 15, 2012 12:26 AM
    Um you're a retard. People like you are an embarassment to America. Go get an education.
    In Response

    by: Havasu from: Scottsdale
    August 15, 2012 12:22 AM
    hmmm.... not sure which history book you're reading from but apparently you missed the chapters of what Britian, Russia, France, Germany, Japan and yes the US did to China that influenced the forming of the CCP.

    by: JNorris from: California
    August 14, 2012 3:19 PM
    Our President needs to exercise diplomacy, and understand the importance of an open mind and an even hand in foreign affairs.
    Romney seems to be missing the boat in those areas.
    In Response

    by: Anonymous
    August 15, 2012 10:37 AM
    U r quite right!

    by: Mike
    August 14, 2012 1:31 PM
    With their gov't devaluing their currency this is the least our president should be doing. I'm glad he's proud of our achievements.
    In Response

    by: Orssi from: RIO
    August 14, 2012 6:30 PM
    How about stealing Scientists for space program,Olympic coaches ,atheletes for medals,students,selling AAA rated toxic financial products,robbing land from natives,doping for medals.The World must not feed the dog that bites hands
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