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A teenager charged in a bar bombing plot is do you in a chicago kourts this afternoon. they arrested him on friday after a lengthy sting operation. it happened after they gave him a phony car bomb and watched him try to blow it up. they say the teen was inspired by osama bin laden to carry out killings on a mass scale. coming up, china crackdown. the white house hits china with an auto trade complaint. first read says it s good politics, but is it good policy? another magazine publishes topless photos of the duchess of cambridge as the royal family takes legal action. you ll find behind the scene pictures at newsnation.tumbl newsnation.tumbler.com. now from the maker of splenda sweeteners, discover nectresse. the only 100% natural, no-calorie sweetener made from the goodness of fruit. the rich, sweet taste of sugar. nothing artificial. ....
thank you so much for your time today. keith ellison of minnesota sharing his views today. appreciate it. thank you. today president obama got aggressive are china while blasts his republican rival in the process. the administration filing a new complaint over chinese auto parts subsidies that threaten u.s. jobs like in the battleground state of ohio where the president campaigned for a 12th time today. while in cincinnati, the president mocked governor romney about his tough talk on china. you can t stand up to china when all you ve done is sent them our jobs. you can talk a good game, but i like to walk the walk, not just talk the talk. romney dismisses the trade complaint as a political move designed to appeal to voters in the critical ohio battleground. let s bring in the president of the national committee on u.s.-china relations. steve, we ve heard governor romney bring up this argument in ....
Manipulator is going to be it going to fix it all. it fails to take into account that since 2005 the chinese currency has appreciated 40% in real terms. since obama became president, it s appreciated 20%. in fact, there are a lot of people who were shorting the rmb in the belief that it is already reached fair value and it s going to, in fact, no longer appreciate but depreciate. these are things which it seems somebody who comes out of the private equity business the way i do, it seems to not be credible. that kind of ad is not going to particularly resonate. thank you so much. wish we had more time to talk about the subject. thank you. as president obama talks about cracking down on china, mitt romney is courting the latino vote. less than an hour from now he speaks before the hispanic chamber of commerce in l.a. about how latinos are hurt by the economy. in part of that speech he s saying while national unemployment is 18.1%, hispanic ....
Recent weeks, and now the president is responding to that. does this issue of china and subsidies specifically as well as trade policy, we have the currency issue, does that resonate with viewers? do they understand the complexities of that, and will it be something they make a decision upon? first, i m the president of u.s.-china relations, which for 46 years educated americans about china and chinese about america. we re a nonpartisan organization. i sit here today in my personal capacity. i would think this debate how it s handled on china will not resonate with the voters. if you look at the romney ad that ran, that s beginning to run today, which talks about this job loss to china, it says that we ve lost a half a million jobs to china while china has gained the similar amount, suggesting a linkage and we should brand or we should find ....
China a currency manipulator, and that will fix everything. number one, it ignores the fact that china that there have been technological improvements in the united states. that we ve had an economic downturn. that automation has occurred, and that china is growing rapidly. that is the majority of the reason for these changes. second, we see you know, it s interesting here that you bring up these issues, steve, because who would think we d talk about chindz trade policy. it would be economy, economy, economy in the united states specifically. is this, then, an old scare tactic that some critics say the way romney is approaching this it issue of china trade policy? he s certainly seeking to demonize china, and it s bad politics and bad policy. i don t think it s going it to resonate with people. i don t think it s a credible argument these job losses have all been to china. declaring them a currency ....