Romney was the first to answer and said that America was not to blame and that the fault should be placed squarely on the shoulders of China. The Republican candidate said that China has been cheating by devaluing its currency, (a move that tends to increase exports and lower imports) hacking computers and stealing IP. As an example, he mentioned the counterfeit Apple Stores found last year in China. Back home, the Governor said that America should be made more attractive for entrepreneurs and those who want to expand business.
The president said that some jobs have left the country for good, but these are the low-skill, low-pay jobs that the country doesn't want. Obama said that he would like the U.S.to attract more high skill, high paying jobs. He added that the U.S.must invest in advanced manufacturing for stability to return to the country. Obama added that cutting investments in research and science will lead to the next innovation being discovered by some other country which will host "the next Apple."