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article imageRomney says 'heart aches' for unemployed, plans China fundraiser

By Greta McClain     Oct 3, 2012 in Politics
On the same day presidential candidate Mitt Romney told voters in Ohio his "heart aches" for the unemployed and attacked President Obama's China trade policy, his campaign was planning a fundraising event in China.
Danny Diaz, spokesman for the Romney campaign, confirmed a fundraiser was planned in Chinese territory of Hong Kong for Thursday, Sept. 27th. China exercises sovereignty over Hong Kong and is responsible for its foreign relations and defense according to the U.S. Dept. of State.
Republican Majority Whip Kevin McCarthy was also set to attend the fundraising even according to his campaign spokeswoman, Erica Elliott.
During a campaign stop in Westerville, Ohio on Wednesday, Sept. 26th, Romney told the crowd: "I've been across the country. My heart aches for the people I've seen. There are so many people in our country that are hurting right now. I want to help them. I know what it takes to get an economy going again and creating jobs."
Romney went on to criticize Obama for not labeling China as a "currency manipulator" a Reuters report states. He then goes on to say: "You can be extraordinarily eloquent and describe all the wonderful things you can do. But when you cut through the words, you can look at the record. And when you can see policies that have not created jobs America needs, then you know it's time to choose a new leader."
In a campaign ad posted on YouTube on Sept. 13th, Romney says “It’s time to stand up to the cheaters and make sure we protect jobs for the American people.”
The compete transcript of the ad is as follows: VOICEOVER: “This is America’s manufacturing when President Obama took office. This is China’s. Under Obama, we’ve lost over half a million manufacturing jobs and, for the first time, China is beating us. Seven times, Obama could have stopped China’s cheating. Seven times, he refused.”
MITT ROMNEY: “It’s time to stand up to the cheaters and make sure we protect jobs for the American people.”
VOICEOVER: “Barack Obama. Failing to stop cheating. Failing American workers.”
MITT ROMNEY: “I’m Mitt Romney and I approved this message.”
A CBS News report says Hong Kong has been a dependable source of campaign cash for Romney. The campaign had already raised more than $385,000 in contributions prior to the September event. The Obama campaign has also raised $84,000 in contributions from Hong Kong.
Romney's sons also headlined a fundraiser in Hong Kong in May. In July Obama supporters held a Obama Victory Fund event.
According to Yahoo Finance, the September fundraiser was organized by Michael G. Desombre, a Hong Kong attorney specializing in mergers and acquisitions and private equity for Sullivan & Cromwell LLP. The Yahoo report also states that Sheldon Adelson, owner of gambling resorts in the Chinese protectorate of Macau, has donated more than $43 million to political action committees supporting Romney.
According to a Star Tribune report, Romney's blind trust has sold off numerous shares of stock in Chinese state-owned firms, including a 2011 sale of shares in a Chinese oil company. Although Romney made a pledge in 2007 to eliminate any investments that conflicted with his political beliefs, his trusts kept many of the Chinese investments until 2010 and 2011.
As reported by Digital Journal, Romney's blind trust invested in a Chinese company with ties to Iran in 2005. The same report quotes Romney as calling a blind trust "an age-old ruse" and saying “you can always tell a blind trust what it can and cannot do.”
More about Romney, Mitt Romney, Hong Kong, China, 2012 presidential election
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