By Gregory W. Wallace (gww@primaryinsider.com)
Mitt Romney, the former Massachusetts governor, will return Monday as he begins a month with a more intense New Hampshire presence than last month.
Mr. Romney works his way down the Everett Turnpike, beginning the morning with a 9:45 address to the Concord Chamber of Commerce at the offices of Northeast Delta Dental.
At noon, he is in Manchester, speaking to the city’s Rotary Club at Fratello’s Restaurant.
At 6 o’clock, he holds a town hall meeting in Nashua at VFW Post 483.
For more, visit us on twitter.com/primaryinsider.
Saturday, August 6, 2011
Johnson in Nashua and Hollis
Huntsman in Portsmouth
Huntsman at the Nashua Chamber of Commerce
Huntsman Sees ‘Huge Opportunity’ for U.S. in China’s Weaknesses
By Gregory W. Wallace (gww@primaryinsider.com)
PORTSMOUTH, N.H.—Jon M. Huntsman Jr., the former Utah governor, was most recently Ambassador to China under President Barack Obama. Asked on Friday evening about the U.S.-China relationship, he had this view from the inside:
. . . [W]hat should the united states do with its relationship with china, and I could give you an academic response, but you know what the truth is? We get our house in order. We have to rebuild our economy in a way that strengthens our core and gives us leverage in the marketplace; that allows us to manufacture once again.For more, visit us on twitter.com/primaryinsider.
Here’s what happening in China right now: inflation is going up. Corruption is endemic. They’re transitioning from the largest export machine ever created in the history of the world in Southern China, south of shanghai, to a consumer based economy, and that means as a transition that they’re going to have to convince citizens of this country not to keep that money under a mattress. They don’t have a very high saving rate in heir society. That’s not an easy thing to do. In order to convince the people you’ve got to build confidence in the direction of the country every 20 years or so there’s major upheaval so people learned to keep their dollars under the mattress. When the upheaval hits you run with your dollars available. Convincing people to put it back in the economy is tough.
They’ve got to work on affordable housing. They have huge housing bubbles right now, and they’ve got to work on rural health care. They have 900 million people in the rural areas who don’t have the rural rice bowl any more, and they’ve got to work on retirement and pension plans which are simply not in place. And that’s going to draw down that 3 trillion dollars they have in foreign exchange reserves considerably.
. . .
Meanwil;e you have price escalation happing in the industrial zones in Guangzhou in the southern part of the country: 15 to 20 percent per year in terms of cost increases. This is going to make China not a low cost producer, but a mid range cost producer. . . . Everyone talks about you know locating facilities elsewhere. I think we’re going to have huge opportunities locating facilities right here in our country.
. . .
When we look at China we tend to see 3 trillion dollars in central reserves. We tend to see 8, 9, 10 percent growth rates for thirty years running. We tend to see largest emitter in the world. What Chinese see: great income disparities, they tend to see 99th in the world in terms of per capita income. They’re somewhere between Armenia and the Democratic Republic of Congo on per capita basis. We forget that. You go to Beijing, Shanghai, or Guangzhou and you see modernity in these city centers like few other places in the world. But you get out to the countryside and there’s a much different set of circumstances.
. . .
So all that telling we have a huge opportunity in this country to get back on our feet to rebuild that core, to get our economic engines fired again. That’s what needs to be done to correct the imbalances.
Johnson and McCotter, Both Campaigning in N.H. Today, Will Be At Same Event
By Gregory W. Wallace (gww@primaryinsider.com)
Representative Thaddeus G. McCotter, Republican of Michigan, returns to New Hampshire today and shares the state with Gary Johnson, the former New Mexico governor who is today on the last of his three-day tour.
Both candidates will be at the Barrington/Lee/Madbury Tea Party Picnic in Barrington around midday.
Mr. Johnson begins the day campaigning with the New Hampshire Young Republians in Barrington. After the picnic, he heads to Portsmouth for a visit to River Run Bookstore at 2 o’clock, Breaking New Grounds at 2:30 pm, and Bagel Works Café at 3 o’clock. At 6 o’clock, he attends a house party in Pembroke.
Before the picnic, Mr. McCotter meets with Young Republicans in Epping, and in the afternoon, he goes to a Milford Republican’s meeting.
For more, visit us on twitter.com/primaryinsider.
Representative Thaddeus G. McCotter, Republican of Michigan, returns to New Hampshire today and shares the state with Gary Johnson, the former New Mexico governor who is today on the last of his three-day tour.
Both candidates will be at the Barrington/Lee/Madbury Tea Party Picnic in Barrington around midday.
Mr. Johnson begins the day campaigning with the New Hampshire Young Republians in Barrington. After the picnic, he heads to Portsmouth for a visit to River Run Bookstore at 2 o’clock, Breaking New Grounds at 2:30 pm, and Bagel Works Café at 3 o’clock. At 6 o’clock, he attends a house party in Pembroke.
Before the picnic, Mr. McCotter meets with Young Republicans in Epping, and in the afternoon, he goes to a Milford Republican’s meeting.
For more, visit us on twitter.com/primaryinsider.
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