CBS News/NJ debate transcript, part 1
Mitt Romney: Well number one, on day one, it's acknowledging something which everyone knows, they're a currency manipulator. And on that basis, we also go before the W.T.-- the W.T.O. and bring an action against them as a currency manipulator. And that allows us to apply, selectively, tariffs where we believe they are stealing our intellectual property, hacking into our computers, or artificially lowering their prices and killing American jobs. We can't just sit back and let China run all over us. People say, "Well, you'll start a trade war." There's one goin' on right now, folks. They're stealing our jobs. And we're gonna stand up to China.
Major Garrett: Governor Huntsman, Governor Romney just said we're in the middle of a war that's-- we're not even declared or we're not even aware of. And Governor Perry said China will end up on the ash heap of history. You've been in China. You were the ambassador for our nation there under President Obama. What's your reaction?
Jon Huntsman: Well, the re-- reality's a little different as it usually is when you're on the ground. And I've tried to figure this out for 30 years of my career. First of all, I don't think, Mitt, you can take-- China to the W.T.O. on currency-related issues. Second, I-- I don't know that this country needs a trade war with China. Who does it hurt? Our small businesses in South Carolina, our exporters-- our agriculture producers.
We don't need that at a time when China is about to embark on a generational position. So what should we be doing? We should be reaching out to our allies and constituencies within China. They're called the young people. They're called the internet generation. There are 500 million internet users in China.
Scott Pelley: And Governor, we're going to have to--
Jon Huntsman: And 80 million bloggers. And they are bringing about change, the likes of which is gonna take China down.
Scott Pelley: We're gonna have to leave it there, Governor.
Jon Huntsman: While we have an opportunity to go up and win back our economic--
Scott Pelley: Governor--
Jon Huntsman: --manufacturing muscles. That's all I wanna do as president.
Scott Pelley: That's time. I thank you very much. We will be back with the Republican commander in chief debate from Wofford College in just a moment.
Scott Pelley: Welcome back to South Carolina and the Republican commander in chief debate. Governor Perry, we just got a-- question via Twitter from Barbara McMann (PH). And Barbara asked this question of you. "Does Governor Perry's Foreign Aid Starts at Zero include Israel?"
Rick Perry: Well, as Governor Perry-- would tweet back to her that-- absolutely. Every country would start at zero. Obviously, Israel is a special ally. And my bet is that we would be funding them-- at some substantial level. But it makes sense for everyone to come in at zero and make your case. As a matter of fact, we oughta try that-- doin' that with some of those agencies that I was tryin' to think the name of the other night.
Starting at zero, zero-based budgeting, and Newt will share with you, is we've gotta go there. And everyone has to come in and make your case. It's what the American people are doin'. There's somebody at home sittin' watchin' T.V. tonight, lookin' for a job. And they're havin' to budget. Why in the world would our federal government get a pass on sending our tax dollars to any country--
Scott Pelley: And, Governor, I have to s--
Rick Perry: --without havin' an answer? Why?
Scott Pelley: We're gonna have to leave it right there. I thank you very much. That brings us to the end of the first hour of the debate. Some CBS stations will be leaving us. But you can continue to follow the debate online on CBSNews.com and NationalJournal.com. And you can submit questions for the candidates at either of those sites. Most of our stations in South Carolina and on the west coast will continue to broadcast the debate. When we return, we will take questions from South Carolina's two senators, s-- United States Senator Lindsey Graham and Senator Jim DeMint. With thanks to the candidates, thanks to Wofford College, thanks to the G.O.P. and South Carolina, I'm Scott Pelley with Major Garrett.
CBS News/NJ debate transcript, part 2
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