Republican presidential candidates began shifting their focus on Monday from the dangers posed by illegal immigrants to a new target: China, whose currency devaluations and stock market plunges are starting to hurt the savings of American investors.One Republican candidate, Gov. Scott Walker of Wisconsin, called on President Obama on Monday to cancel his plans to meet in Washington next month with President Xi Jinping of China on what will be his first state visit to the United States. Mr. Walker accused Beijing of a range of offenses that have harmed American interests, including manipulating its economy and currency, carrying out cyberattacks and persecuting Christians.
Earlier Monday, Walker blamed much of the recent drop in the financial markets on China’s recent currency devaluation.“Americans are struggling to cope with the fall in today’s markets driven in part by China’s slowing economy and the fact that they actively manipulate their economy,” Walker said. “Rather than honoring Chinese President Xi Jinping with an official state visit next month, President Obama should focus on holding China accountable over its increasing attempts to undermine U.S. interests. Given China’s massive cyberattacks against America, its militarization of the South China Sea, continued state interference with its economy, and persistent persecution of Christians and human rights activists, President Obama needs to cancel the state visit.”
As I have long stated, we are so tied in with China and Asia that their markets are now taking the U.S. market down. Get smart U.S.A.— Donald J. Trump (@realDonaldTrump) August 24, 2015
Markets are crashing - all caused by poor planning and allowing China and Asia to dictate the agenda. This could get very messy! Vote Trump.— Donald J. Trump (@realDonaldTrump) August 24, 2015
Trump’s candidacy is not based on logical precision but rather intense emotion. The same is true for Sanders, who also seized on the market moment in a tweet from the populist left: “For the past 40 years, Wall Street and the billionaire class have rigged the rules to redistribute wealth to the richest among us.”….“If you are an anti-establishment candidate right now, you are going to use this to further the notion that China is taking advantage of us and that the U.S. stock market is rigged and that nobody in the establishment or Washington is doing anything about it,” said GOP consultant Lenny Alcivar. “But the problem for these candidates is that this is coming in August of 2015 and not January of 2016 or even late in the fall of 2016 — and it’s not at all clear that it will last and it would be foolish for any of the establishment candidates to go down this rabbit hole.”