Ummid Assistant

Mumbai NGO, top experts join hands to train students for civil services exams

Welcome Guest! You are here: Home Politics

Race for White House: Obama, Romney spar over economy

Thursday October 04, 2012 05:24:56 PM, IANS

Related Article

Obama leads Romney nationally: Poll

Amid a political row caused by Mitt Romney's controversial remarks that 47 percent of Americans looked themselves as victims, a new poll showed President Barack Obama leading his Republican challenger nationally 

Obama has 5 point lead over Romney: Poll

Obama, Romney in a tight race: Poll

Washington: Republican challenger Mitt Romney put up a tough fight against President Barack Obama as the two sparred over jobs, taxes and healthcare in the first presidential debate.

US presidential debates are a time-honoured tradition, with the first nationally-televised presidential debate being held in 1960.

Taking the offensive right from the word go in the 90-minute encounter, Wednesday night in Denver, Colorado, Romney made good use of a gaffe by Vice President Joe Biden to suggest that the middle class had been "buried" under Obama's economic policies.

"I just don't know how the president could have come into office, facing 23 million people out of work, rising unemployment, an economic crisis at the kitchen table, and spend his energy and passion for two years fighting for Obamacare instead of fighting for jobs for the American people," he said.

Obama, on the other hand, sounded somewhat professorial to begin with as he was forced to defend his record of four years in office while he charged his opponent with vowing to undo a host of his reforms without specifying what he would do instead.

"At some point, the American people have to ask themselves if the reason that Governor Romney is keeping all these plans secret is because they're too good," he said.

It was only half-way through the 90-minute encounter that Obama, celebrating his 20th wedding anniversary, realised what he was up against and came into his own to brand the Romney tax plan to reduce deficit by eliminating deductions while lowering taxes as a $5 trillion cut.

"I think math, common sense and our history shows us that's not a recipe for job growth," Obama said, echoing a line from former president Bill Clinton at last month's Democratic convention saying the math doesn't add up without increasing tax revenue.

Romney disagreed with Obama's characterisation of his tax plan, saying it won't add to the deficit, and criticised Obama's call for allowing tax rates on income over $250,000 for families and $200,000 for individuals to return to the higher rates of the 1990s.

Depicting Obama's vision as one of big government, Romney insisted that while regulation was necessary to keep the economy functioning, the Dodd-Frank Act passed in response to the financial crisis of 2008 was in some cases excessive.

He also repeated criticism of Obama's signature Affordable Care Act, dubbed Obamacare by opponents that passed with no Republican support amounted to an unnecessary and unwanted government takeover of health care.

"The right answer is not to have the federal government take over health care," Romney said.

As they moved on to the topic of the role of the government, Obama stressed the federal government has a role to play in opening up opportunity and create ladders of opportunity.

"There is also something we do better together," said Obama.

Romney said the role of the government is to protect the principals of the Constitution and the Declaration of Independence, but not to substitute for people's initiatives, decrying what he called a "trickle down government".

Voters seemed to agree with the critics in giving Romney the upper hand in the debate with a CNN snap poll of debate watchers saying 67 percent believed Romney was the winner, and 25 percent believed Obama was the winner.

The other presidential debates will occur Oct 16 in New York and Oct 22 in Florida. Vice President Joe Biden and House member Paul Ryan, Romney's running mate, will debate on Oct 11 in Kentucky.

While the first nationally-televised presidential debate was not held until 1960, several other debates are considered predecessors to the presidential debates, including the debates between Abraham Lincoln and Stephen Douglas in the middle of 19th century.

The first nationally-televised general election presidential debate was held on Sep 26, 1960, between John F. Kennedy and Richard Nixon.

It wasn't until 1976 that presidential debates became a formality of the presidential election.



(Arun Kumar can be contacted at arun.kumar@ians.in)


 










 

 

 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

i

 

More Headlines

India Inc biggies in Kashmir with Rahul

2.38 million rich Pakistanis don't pay taxes

Turkey hits Syrian targets after attack

'Counter-terror programme wasted money, stepped on civil liberties'

LPG prices may fluctuate every month

Rahul to visit Kashmir amid panchayat panic

UAE launches IT based initiatives to improve education quality

Lightning kills 10 in UP

Good if girls marry before 18: Survey

Jamia Millia Islamia students march for human rights in Northeast

Plea seeks action against Google on blasphemous film videos

A Gujarat polling station for one voter!

'Australia will protect Indians hit by college closure'

Girls away from schools due to lack of toilets: CRY

 

Top Stories

India Inc biggies in Kashmir with Rahul

In what is a first since independence, the Who's Who of India Inc, including Tata Group chairperson Ratan Tata and Aditya Birla Group's Kumar Mangalam Birla, arrive in Kashmir 

Rahul to visit Kashmir amid panchayat panic

Fed up of militancy: Majority of Kashmiris respond in a survey

 

  Most Read

Medicines should be within reach of common man: SC

The Supreme Court Wednesday said that the government will not disturb the retail price mechanism of essential drugs under the price control order while increasing the number of important  

'Australia will protect Indians hit by college closure'

Over 500 Indian students whose future has been hit by the closure of three colleges in Australia will be placed in alternative course or refunded any unspent tuition fees, the Australian High Commission here has assured. Australia's vocational education regulator, the Australian 

 

  News Pick

UNESCO appoints Saudi woman researcher as Goodwill Ambassador

The Director General of United Nations Educational, Scientific and Cultural Organization (UNESCO) Irina Bokova appointed  

India slips to 7th spot globally in coffee production

Even as India remains upbeat on surging demand for its coffee beans in the global market, its planters have reasons to worry as their share in the world production slipped to seventh position in 2011-12. "With four percent 

Maldivian MP killed outside his home

A Maldivian parliamentarian, belonging to former president Abdul Gayoom's political party, was found stabbed to death near his home Tuesday. Afrasheem Ali, whose Progressive Party of Maldives was a member of the  

Sonia sounds Gujarat poll bugle, challenges Modi

Sounding the rallying cry for a new Gujarat, Congress president Sonia Gandhi Wednesday defended the central government's decisions on the economy and said the state's ruling BJP was not against corruption but only against her party. 

Narendra Modi kickstarts poll campaign in Gujarat

Himachal polls on Nov 4, Gujarat on Dec 13 and 17

 

Picture of the Day

Union ministers Kapil Sibal and Ghulam Nabi Azad laying the foundation stone of PMSSY building at J. N. Medical College, AMU. The ministers visited the Aligarh Muslim University on September 30, 2012 to inaugurate the Golden Jubilee celebrations of Jawaharlal Medical College.

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

Career

Education

     

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2012 Awaz Multimedia & Publications. All rights reserved.