Bluefield Daily Telegraph, Bluefield, WV

Presidential Election

October 5, 2012

WHY IT MATTERS: Issues at stake in election

A selection of issues at stake in the presidential election and their impact on Americans, in brief

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Campaign finance:

This election probably will cost more than $1 billion. Big donors who help cover the tab could gain outsized influence with the election's winner. Your voice may not be heard as loudly as a result.

Recent court decisions have stripped away restrictions on how elections are financed, allowing the very rich to afford more speech than the rest. In turn, super PACs have flourished, thanks as well to limitless contributions from the wealthy - including contributors who have business before the government.

Disclosure rules offer a glimpse into who's behind the money. But the information is often too vague to be useful. And nonprofits that run so-called issue ads don't have to reveal donors.

Obama criticized the Supreme Court for removing campaign finance restrictions. Republican presidential nominee Mitt Romney supported the ruling. Both are using the lax rules with gusto.

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China:

The U.S. accuses China of flouting trade rules and undervaluing its currency to helps its exporters, hurting American competitors and jobs. But imposing tariffs could set off a trade war and drive up prices for American consumers.

Tensions now have spread to the automotive sector: The U.S. is seeking international rulings against Chinese subsidies for its auto and auto-parts exports and against Chinese duties on U.S. autos. Romney says he'll get tougher on China's trade violations. Obama has taken a variety of trade actions against China, but on the currency issue, he has opted to wait for economic forces to encourage Beijing to raise values.

Cheap Chinese goods have benefited American consumers and restrained inflation. But those imports have hurt American manufacturers. And many U.S. companies outsource production to China. One study estimated that between 2001 and 2010, 2.8 million U.S. jobs were lost or displaced to China.

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Climate change:

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Presidential Election