To answer this question, we have to consider in which sectors America can achieve competitiveadvantagerelative to emerging powerhouses such as China and India.
The other promise I made during the campaign was to ensure that our tax code doesn't provide relief and a competitiveadvantage to companies that move jobs and investment outside of the United States relative to companies that are investing here in the United States.
Second, by endorsing a rise in the Chinese currency relative to the dollar, the president and those who support this policy put at risk the vast soft power and competitiveadvantage the U.S. enjoys by providing Asia and the rest of the world a reliable currency for engaging in trade in goods and financial instruments.