Governor Romney responded: "The answer is very straightforward. We can compete with anyone in the world as long as the playing field is level. China's been cheating over the years. One by holding down the value of their currency. Number two, by stealing our intellectual property; our designs, our patents our technology."

President Obama responded: "Candy, there are some jobs that are not going to come back. Because they are low wage, low skill jobs. I want high wage, high skill jobs. That's why we have to emphasize manufacturing. That's why we have to invest in advanced manufacturing. That's why we've got to make sure that we've got the best science and research in the world."

It's true that Apple and virtually every other tech gadget maker sends manufacturing to China, where Chinese laborers are paid very little to put iPhones and iPads together. recently on this.

It seems Governor Romney's call to pressure China would be part of a larger plan to take away the financial incentive for U.S. companies to outsource manufacturing overseas, thus hopefully bringing back manufacturing jobs. President Obama, on the other hand, doesn't even want those jobs back.

Slideshow: