Mitt Romney has hit President Obama hard on not being tough on China. Phil Amato put the ad on that claim to the test:
This is America's manufacturing when President Obama took office. This is China's. Under Obama we've lost over half a million manufacturing jobs. And for the first time, China is beating us.
This claim is misleading.
American manufacturing has been in decline for decades. Consulting group Michigan Future Inc. says in the 1950s, manufacturing accounted for one third of work in America.
Now it's below 10 percent.
Furthermore, three and a half million manufacturing jobs have been lost in the last decade.
The ad is correct in saying over half a million manufacturing jobs have been lost during President Obama's tenure a number reported by the Labor Department.
However, the ad does not state that U.S. manufacturers have increased production by 15 percent and have added hundreds of thousands of jobs since the end of the recession, as reported by ABC and the Wall Street Journal.
Seven times Obama could have stopped China's cheating. Seven times he refused.
This claim is also misleading because decisions to quote "stop China's cheating" were made under both the Obama Administration and the Bush Administration.
The New York Times reports both administrations through the Treasury department declined to label China as a currency manipulator.
A position Mitt Romney says he would reverse if he's elected President.
It's time to stand up to the cheaters and make sure we protect jobs for the American people. Barack Obama, failing to stop cheating, failing American workers. I'm Mitt Romney and I approve this message.
While Mitt Romney says he would reverse course on China by labeling them as a currency manipulator political analysts say the move could be aggressive and escalate tensions between the two closely connected countries.
First Coast News