Commonwealth Journal

Local News

October 3, 2012

Obama, Romney clash on economy in first debate

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."

Text Only
Local News
News Live
AP Video
Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow
Facebook
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Stocks