This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Why China Doesn't Matter Everywhere in Ohio

Stocks in this article: GM

NEW YORK ( TheStreet) -- The Barack Obama and Mitt Romney presidential campaigns rolled out fresh criticisms Monday of each other about China as both candidates head to Ohio, but the message may not connect with all voters there.

In a state with a massive manufacturing base, China has been a scapegoat for some Ohioans who have looked to explain the woes that have plagued the state amid a poor economic recovery.

"The idea of international trade, particularly the sometimes unpopular Chinese right now -- 20 to 30 years ago it was the Japanese, it was somebody before that, and it will be somebody after China -- but right now China is both an important trading partner and a convenient whipping boy," said Doug Preisse, Franklin County Republican Party chairman.

Romney released an ad Monday morning that said the president had failed to stand up to China as the country stole American ideas and technology, while Obama's campaign countered the claim with a memo that called the GOP nominee's accusations false and criticized his investments in Chinese companies.

While voters who live in major Ohio manufacturing hubs like Cleveland, Toledo and Youngstown may be swayed by Obama's and Romney's platforms toward China, it may connect little with voters who aren't tied to the state's manufacturing industry.

"My sense of it is that's not an issue that's going to get a lot of traction, at least in this part of the state," said Caleb Faux, Hamilton County Democratic Party executive director. "I think the intent of that discussion, on the Romney campaign side, is to somehow begin to cut into the credit that Obama is getting for the auto industry bailout, and that's a big issue ... particularly in northern Ohio."

Last week, Romney's campaign repeatedly blamed the Obama administration for being too soft on China, and pointed to various press reports that suggested the president's policies had resulted in hundreds of thousands of American job losses to "low-wage countries."

But Ohio's unemployment rate, at 7.2% in August, has tracked below the national number, which, even in manufacturing-rich northeast Ohio, is favorably regarded by blue collar workers there.

"We have benefited handsomely by getting our auto companies, I mean we've got the Lordstown plant ... by General Motors (GM) -- that plant they're making the Chevy Cruze vehicles," said Stuart Garson, Cuyahoga County Democratic Party chairman. "We've got 1 in 8 jobs here in Ohio that are directly related to the auto industry."

Part of Romney's strategy against the president's China policy may be to seek to blemish the positive perception of the auto bailouts in Ohio. GM and Chrysler have managed to shed the image of their pre-recession failures and returned to stable production -- a move Obama and Democrats have taken credit for.

Still, not all of Ohio is connected to manufacturing, and because of it, the China-manufacturing issue that Romney and Obama may continue to spar over, could end up on the cutting room floor for a lot of voters.

-- Written by Joe Deaux in New York.

>Contact by Email.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs