Hacking in the Republican Debate

[Dave Aitel <dave () immunityinc com>]

HARWOOD: Governor Romney, was it a mistake for Governor Schwarzenegger
to hire the firm in China to build portions of that bridge?

ROMNEY: Well, that's a -- a long answer to that, because what China is
doing is not playing fairly by the rules that exist in our -- in the WTO
and the world. China is, on almost every dimension, cheating. And we've
got to recognize that. It is good for America...

(APPLAUSE)

ROMNEY: It is good for America to have free trade. It is good for us to
be able to send our goods and services around the word and vice versa.

HARWOOD: So a good decision to build the bridge over there?

ROMNEY: That is normally a good thing. But China is playing by different
rules. One, they are stealing intellectual property. Number two, they're
hacking into our computer systems, both government and corporate. And
they are stealing, by virtue of that as well, from us.

And finally, they are manipulating their currency, and by doing so,
holding down the price of Chinese goods, and making sure their products
are artificially low-priced. It's predatory pricing, it's killing jobs
in America.

If I'm president of the United States, I'm making it very clear, I love
free trade. I want to open markets to free trade. But I will crack down
on cheaters like China. They simply cannot continue to steal our jobs.

(APPLAUSE)



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more: 
http://thepage.time.com/2011/11/10/cnbc-transcript-of-your-money-your-vote-republican-presidential-debate/#ixzz1dJq8jZU7


GINGRICH: Well, there are two things here. And let me say in advance
that I would yield in part to Governor Huntsman, because he speaks
fluent Chinese, he has worked in China, and he's been the ambassador.
And I'd be curious to get his reaction.

But there are two different parts here. The problem with building the
bridge is simple. What -- what is it about American regulations,
American taxation, American labor cost and attitudes that makes it
cheaper to go to China than to go to the United States? Now, we...

(APPLAUSE)

... first of all, you've got to decide, how are we going to be more
competitive and how are we going to be the lowest cost? And there's a
new Boston consultant (ph) that says, by 2015, South Carolina and
Alabama will be cheaper than the Chinese coastal provinces to manufacturing.

Second, in terms of dealing with China strategically, I think we're
going to have to find ways to dramatically raise the pain level for the
Chinese cheating, both in the hacking side, but also on the stealing and
intellectual property side. And I don't think anybody today has a
particularly good strategy for doing that.



Read
more: 
http://thepage.time.com/2011/11/10/cnbc-transcript-of-your-money-your-vote-republican-presidential-debate/#ixzz1dJqHbruk

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