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Transition 2012

A guide to foreign policy and the 2012 U.S. presidential transition.

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Midday Update: Romney Criticizes Currency Report Delay

by Newsteam Staff
October 15, 2012

Photo of the Day: A supporter of GOP nominee Mitt Romney holds a flag during a campaign rally October 12, 2012. (Shannon Stapleton/Courtesy Reuters) Photo of the Day: A supporter of GOP nominee Mitt Romney holds a flag during a campaign rally October 12, 2012. (Shannon Stapleton/Courtesy Reuters)

GOP nominee Mitt Romney criticized President Obama’s decision to postpone the release of a government currency report (WSJ) until after the election, saying the president declined an opportunity to label China a currency manipulator.

The criticism is the latest in a back-and-forth between the candidates on who will be tougher on China. The Obama administration has filed trade complaints and noted that Romney has money invested in China (NYT) through his former firm Bain Capital.

“Even with those moves, voters believe Mr. Romney is better equipped to deal with economic challenges relating to China than President Barack Obama. Some 45 percent of likely voters said Mr. Romney would be better able to deal with those issues in a late September Wall Street Journal/NBC News poll. Just 37 percent said the same of Mr. Obama,” reports the Wall Street Journal.

Romney has said he would label China a currency manipulator on his first day in office in an effort to regain jobs and restore fair trade (ABC).

This CFR Issue Tracker details both candidates’ stances on U.S.-China policy.


Amid the campaign debates on how to reduce the national debt and avoid the looming fiscal cliff, a new Pew survey shows that only two methods of debt reduction – raising taxes on annual incomes over $250,000 and limiting corporate tax deductions – are supported by a majority of the public.

Reducing federal funding for education and college loans were the most unpopular methods, and a majority also disapproved of cutting defense spending and funding for scientific research as well as raising Medicare contributions and the social security eligibility age.

The biggest differences between Obama and Romney supporters are in the areas of raising taxes on incomes over $250,000 and cutting defense spending.

Read more about the candidates’ positions on the economy in this CFR Issue Tracker.


The consulate attack in Benghazi remains in the campaign spotlight, with both sides trying to use it to illustrate foreign policy points (NYT).

While President Obama and GOP nominee Mitt Romney prepare for tomorrow night’s debate, advisers and other party members have continued to criticize each other (BostonGlobe) over various aspects of the attack.

The incident is a topic likely to come up in tomorrow’s debate. So far, Romney has said the incident is proof of Obama’s “unraveling foreign policy” (AFP) and Obama has said that Romney’s initial response shows his foreign policy inexperience (Mail&Guradian).

This CFR Issue Tracker looks at both candidates’ stances on democracy promotion in the Arab world.

–Contributing Editor Kirsti Itameri

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