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Romney's vow to play tough with China on trade may be difficult to square with what he said about protectionism in his 2010 book, "No Apology." In that book, Romney criticized Obama for enforcing trade laws against China on tires. "President Obama's action to defend American tire companies from foreign competition may make good politics by repaying unions for their support of his campaign, but it is decidedly bad for the nation and our workers," Romney wrote. "Protectionism stifles productivity." Romney's vow to repeal "job-killing regulations" that are costing the economy billions of dollars may not be as easy as he makes it sound. He and many fellow Republicans complain that government regulations are a leading drag on jobs, but Labor Department data show that few companies where large layoffs occur say government regulation was the reason. There's little evidence that the regulatory burden is any worse now than in the past or that it is costing significant numbers of jobs. Most economists believe there is a simpler explanation: Companies aren't hiring because there isn't enough consumer demand. Economists believe high levels of economic uncertainty are a leading complication for business, arising more from struggles over taxes and spending in Washington than from regulations.
[Associated
Press;
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