News From Terre Haute, Indiana

Local & Bistate

Discussion

Welcome to our online comments feature. We welcome your thoughts and your opinions, including unpopular ones. We ask only that you keep the conversation civil and clean. We reserve the right to remove comments that are obscene, racist or abusive and statements that are false or unverifiable as well as posts that are attacking other users. Repeat offenders will be blocked. You may flag objectionable comments for review by a moderator.
comments powered by Disqus
October 3, 2012

Obama, Romney clash on economy in first debate

By JULIE PACE and DAVID ESPO Associated Press

DENVER — In a showdown at close quarters, President Barack Obama and Republican Mitt Romney sparred aggressively in their first campaign debate Wednesday night over taxes, deficits and strong steps needed to create jobs in a sputtering national economy. “The status quo is not going to cut it,” declared the challenger.

Obama in turn accused his rival of seeking to “double down” on economic policies that actually led to the devastating national downturn four years ago — and of evasiveness when it came to prescriptions for tax changes, health care, Wall Street regulation and more.

The economy dominated the evening, as it has the race for the White House all year. Pre-debate opinion polls showed Obama with a slight advantage in key battleground states and nationally.

With early voting already under way in dozens of states, Romney was particularly aggressive in the 90-minute event that drew a television audience likely to be counted in the tens of millions — like a man looking to shake up the campaign with a little less than five weeks to run.

The former Massachusetts governor virtually lectured Obama at one point after the president accused him of seeking to cut education funds. “Mr. President, you’re entitled to your own airplane and your own house, but not your own facts,” he said.

Romney said he had plans to fix the economy, overhaul the tax code, repeal Obama’s health care plan and replace with a better alternative, remake Medicare, pass a substitute for the legislation designed to prevent another financial crash and reduce deficits — but he provided no new specifics despite Obama’s prodding.

Said Obama: “At some point the American people have to ask themselves: Is the reason Governor Romney is keeping all these plans secret, is it because they’re going to be too good? Because middle class families benefit too much? No.”

The two men debate twice more this month, but they were first going their separate ways on Thursday. Obama had campaign stops in Colorado and then Madison, Wis., while Romney was booked into Virginia. All three states are among the nine battlegrounds likely to settle the race.

At times the debate turned into rapid-fire charges and retorts that drew on dense facts and figures that were difficult to follow. The men argued over oil industry subsidies, federal spending as a percentage of the GDP, Medicare cuts, taxes and small businesses and the size of the federal deficit and how it grew.

Obama sometimes seemed somewhat professorial. Romney was more assertive and didn’t hesitate to interrupt the president or moderator Jim Lehrer.

Despite the wonky tone of the debate, Romney managed to make some points by personalizing his comments with recollections of people he said he had met on the campaign trail. In another folksy reference, Romney told Lehrer, a veteran of the Public Broadcasting Service, that he would stop the federal subsidy to PBS even though “I love Big Bird.”

Generally polite but pointed, the two men agreed about little if anything.

Obama said his opponent’s plan to reduce all tax rates by 20 percent would cost $5 trillion and benefit the wealthy at the expense of middle income taxpayers.

Shot back Romney: “Virtually everything he just said about my tax plan is inaccurate.”

The former Massachusetts governor and businessman added that Obama’s proposal to allow the expiration of tax cuts on upper-level income would mean tax increases on small businesses that create jobs by the hundreds of thousands.

The two campaign rivals clasped hands and smiled as they strode onto the debate stage at the University of Denver, then waved to the audience before taking their places behind identical lecterns.

There was a quick moment of laughter, when Obama referred to first lady Michelle Obama as “sweetie” and noted it was their 20th anniversary.

Romney added best wishes, and said to the first couple, “I’m sure this is the most romantic place you could imagine, here with me.”

Both candidates’ wives were in the audience.

Without saying so, the two rivals quickly got to the crux of their race — Romney’s eagerness to turn the contest into a referendum on the past four years while the incumbent desires for voters to choose between his plan for the next four years and the one his rival backs.

Romney ticked off the dreary economic facts of life — a sharp spike in food stamps, economic growth “lower this year than last” and “23 million people out of work or stropped looking for work.”

But Obama criticized Romney’s prescriptions and his refusal to raise taxes and said, “if you take such an unbalanced approach then that means you are going to be gutting our investment in schools and education ... health care for seniors in nursing homes (and) for kids with disabilities.”

Not surprisingly, the two men disagreed over Medicare, a flash point since Romney placed Wisconsin Rep. Paul Ryan on his ticket.

The president repeatedly described Romney’s plan as a “voucher program” that would raise out-of-pocket costs on seniors.

He continued, directly addressing the voters at home: “If you’re 54 or 55 you might want to listen because this will affect you.”

Romney said he doesn’t support any changes for current retirees or those close to retirement.

“If you’re 60 or 60 and older you don’t need to listen further,” he said, but he contended that fundamental changes are needed to prevent the system from becoming insolvent as millions of baby boom generation Americans become eligible.

Romney also made a detailed case for repealing Obamacare, the name attached to the health care plan that Obama pushed through Congress in 2010. “It has killed jobs,” he said, and argued that the best approach is to “do what we did in my state.”

Though he didn’t say so, when he was governor Massachusetts passed legislation that required residents to purchase coverage — the so-called individual mandate that conservatives and he oppose on a national level.

Romney also said that Obamacare would cut $716 billion from Medicare over the next decade.

The president said the changes were part of a plan to lengthen the program’s life, and he added that AARP, the seniors lobby, supports it.

With a two-minute closing statement, Obama said he had spent his first four years in office fighting for those in the emiddle class and those seeking to make it there. “If you’ll vote for me, I’ll fight just as hard in my second term,” he said.

Romney was as critical of Obama’s tenure as he was the moment the two men walked onto the stage.

If the president is re-elected, he predicted continued economic trouble for the middle class, chronic unemployment, higher costs for health insurance and “dramatic cuts to the military.”

Obama took office in the shadow of an economic crisis but promised a turnaround that hasn’t materialized. Economic growth has been sluggish throughout his term, with unemployment above 8 percent since before he took office.

The customary security blended with a festival-like atmosphere in the surrounding area on a warm and sunny day. The Lumineers performed for free, and Black Eyed Peas frontman will.i.am delivered a pep talk of sorts to Obama’s supporters. School officials arranged to show the debate on monitors outside the hall for those without tickets.

There was local political theater, too, including female Romney supporters wearing short shorts and holding signs that said, “What War On Women?” — a rebuttal to claims by Obama and the Democrats.

The two presidential rivals also are scheduled to debate on Oct. 16 in Hempstead, N.Y., and Oct. 22 in Boca Raton, Fla.

Vice President Joe Biden and Republican Rep. Paul Ryan of Wisconsin have one debate, Oct. 11 in Danville, Ky. Both men have already begun holding practice sessions.



Associated Press writer Kristen Wyatt contributed to this story. David Espo reported from Washington.

 

Text Only | Photo Reprints
Local & Bistate
Latest News
Community Calendar
Loading…
Events by eviesays.com
TribStar.com Poll
AP Video
Raw: Tornadoes Spotted in Kansas Probe Begins After Conn. Commuter Trains Crash Coffee Run Leads to Hatchet Hitchhiker Arrest NTSB Begins Investigation Into Conn. Train Crash Obama Exhorts Good Deeds by Morehouse Graduates Winning Powerball Ticket Sold in Florida Lotto Fever Sweeps the Country Fmr. IRS Head Insists No Politics in Targeting Conn. Commuter Trains Collide; 60 Go to Hospital Music Therapy Bonds Parents and Preemies Today in History for May 19th NM Mom Chases Down Child Abductor Raw: Texas Gov. Flies Over Tornado Damage CDC: Fecal Bacteria Common in Swimming Pools Raw: Driver Ejected From Truck, Over Bridge Raw: Germany Protestors Picket Barbie House One Million Evacuated As Cyclone Hits Bangladesh Raw: Gun Scare Mars Cannes Film Festival Raw: Crash Sends Car Into Fla. Pool Raw: Bear Falls From Tampa Tree
NDN Video
Raw: Tornadoes Spotted in Kansas Twiggy, the Water Skiing Squirrel Sailor Surprises His Mom At Her CU Denver Graduation Ceremony Official: ‘Amazing’ No One Was Killed In CT Train Crash Lotto Fever Sweeps the Country Coffee Stop Leads To Arrest Of YouTube Sensation Wanted For Murder Bearded Dragon Reunited With Owner Marine Reunited with Warzone Companion Raw: Crash Sends Car Into Fla. Pool Beyonce Is Pregnant! SF baseball player overpaid $500,000 RETURNS money -- and team says KEEP IT $1 Million in Jewels Stolen at Cannes Film Fest Dad returns from Afghanistan, surprises family during Rays' first pitch See Jennifer Lopez's New $10m Hamptons Mansion Woman tricked into taking abortion pill Emma Watson Goes Pantless IRS scandal: Republicans seek to tie Obama to agency's woes Play of the Day: Flipping to Safety Pregnant Kim Kardashian Squeezes Her Swollen Feet Into Stilettos Top Videos of the Week: Angry Taco Bell Guy, Glacier Moves on House, Dog Hates Baths
Parade
Magazine
Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity
Real Estate News