DAY 1: The first day of a Romney presidency brings two major shifts in foreign policy. First, Romney announces that he has "designated [China] as a currency manipulator" and demands that China play by the trade rules. Second, he reinstates the Mexico City policy. Combining these two policies, he also "cut[s] off funding for the United Nations Population Fund, which supports China's barbaric One Child Policy."
The effect: Labeling China as a currency manipulator means the United States must bring the issue to the International Monetary Fund. Given how the IMF has handled past accusations of Chinese currency manipulation this means that ... nothing will change. The Mexico City policy will shift the strategies of various development NGOs, echoing what happened when George W. Bush became president in 2001. Yawn.
Chip Somodevilla/Getty Images