Third presidential debate transcript: President Barack Obama on China

Edited by Jenny Jiang

Excerpts from the third and final presidential debate at Lynn University in Boca Raton, Florida on Oct. 22, 2012

Transcript of President Obama on China: 

Moderator Bob Schieffer: Let’s — let’s go to the next segment, because it’s a very important one. It is the rise of China and future challenges for America. I want to just begin this by asking both of you, and Mr. President, you — you go first this time.

What do you believe is the greatest future threat to the national security of this country?

President Barack Obama: Well, I think it will continue to be terrorist networks. We have to remain vigilant, as I just said. But with respect to China, China is both an adversary, but also a potential partner in the international community if it’s following the rules. So my attitude coming into office was that we are going to insist that China plays by the same rules as everybody else.

I know Americans had seen jobs being shipped overseas; businesses and workers not getting a level playing field when it came to trade. And that’s the reason why I set up a trade task force to go after cheaters when it came to international trade. That’s the reason why we have brought more cases against China for violating trade rules than the other — the previous administration had done in two terms. And we’ve won just about every case that we’ve filed, that has been decided.

In fact, just recently steelworkers in Ohio and throughout the Midwest — Pennsylvania — are in a position now to sell steel to China because we won that case. We had a tire case in which they were flooding us with cheap domestic tires — or — or cheap Chinese tires. And we put a stop to it and as a consequence saved jobs throughout America. I have to say that Governor Romney criticized me for being too tough in that tire case; said this wouldn’t be good for American workers and that it would be protectionist.

But I tell you, those workers don’t feel that way. They feel as if they had finally an administration who was going to take this issue seriously.

Over the long term, in order for us to compete with China, we’ve also got to make sure, though, that we’re taking — taking care of business here at home. If we don’t have the best education system in the world, if we don’t continue to put money into research and technology that will allow us to create great businesses here in the United States, that’s how we lose the competition. And, unfortunately, Governor Romney’s budget and his proposals would not allow us to make those investments.

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2 Comments on “Third presidential debate transcript: President Barack Obama on China

  1. Pingback: Third presidential debate transcript: Mitt Romney on increasing military spending | What The Folly?!

  2. Pingback: Third presidential debate transcript: Mitt Romney on Iran's nuclear program | What The Folly?!

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