Romney Touts 'Bold Changes' for Economy; Obama Rests Up

Republican presidential candidate, former Massachusetts Governor Mitt Romney speaks about the economy during a campaign stop at Kinzler Construction Services, in Ames, Iowa, October 26, 2012.
Republican presidential candidate, former Massachusetts Governor Mitt Romney speaks about the economy during a campaign stop at Kinzler Construction Services, in Ames, Iowa, October 26, 2012.
VOA News
U.S. Republican presidential candidate Mitt Romney has called for "bold changes" to fix the nation's economy in what his aides have described as his "closing argument."

Speaking in the battleground state of Iowa, Romney criticized his opponent, President Barack Obama, saying there is nothing in what the president proposed during the candidates' three debates that has any prospect of meeting "the challenges of the times."

"The problem with the Obama economy is not what he inherited, it's with the misguided policies that slowed the recovery and caused millions of Americans to endure lengthy unemployment and poverty."

The U.S. government reported Friday that the economy grew by 2 percent in the July-to-September period, a slightly faster pace than economists had projected. It said that increased consumer spending, accounting for 70 percent of the world's largest economy, led the advance. American economists had projected growth of 1.8 percent in the third quarter, up from the 1.3 percent figure recorded in April, May and June.

President Barack Obama (L) casts his vote during early voting in the 2012 election, at the Martin Luther King Community Center in Chicago, Illinois, October 25, 2012.President Barack Obama (L) casts his vote during early voting in the 2012 election, at the Martin Luther King Community Center in Chicago, Illinois, October 25, 2012.
x
President Barack Obama (L) casts his vote during early voting in the 2012 election, at the Martin Luther King Community Center in Chicago, Illinois, October 25, 2012.
President Barack Obama (L) casts his vote during early voting in the 2012 election, at the Martin Luther King Community Center in Chicago, Illinois, October 25, 2012.
The head of the White House Council of Economic Advisers, Alan Krueger, said Friday's report provided "further evidence that the economy is moving in the right direction," adding that there is "more work to do."

Romney called the report "the latest round of discouraging economic news," though, saying four years of the president's policies had produced "slow job growth and declining take-home pay."

Obama, for his part, has criticized Romney's prescription for the economy, calling it a "sketchy deal" and saying it will add trillions of dollars to the debt.

As Romney delivered his economic speech Friday, Obama took a break from the campaign trail after a 40-hour campaign blitz across the country. He was spending most of the day at the White House, participating in several media interviews.

Polls have shown the presidential race virtually tied as the campaign enters its final stage before the November 6 election.

On Thursday, Obama became the first ever U.S. president to cast an early ballot in a presidential election. Obama voted Thursday afternoon at the Chicago, Illinois, polling place where he is a registered voter.

The president also received the endorsement of former secretary of state Colin Powell, who praised Obama's policies in managing the wars in Afghanistan and Iraq. Powell, a Republican, also backed Obama, a Democrat, in 2008.

A co-chair of Mitt Romney's campaign, John Sununu, received criticism Thursday after suggesting on CNN that Powell's endorsement of Obama was based on race, since both men are African Americans.

Sununu, a former White House chief of staff under President George W. Bush, later backtracked, saying in a statement that Powell was a friend and he believed the endorsement was based on his support for the president's policies.
This forum has been closed.
Comment Sorting
Comments
     
by: chuckterzella from: SYRACUSE NEW YORK
October 27, 2012 6:24 AM
The only comment I'll post regarding every political race till the elections is this:

It took eight years of wrong turns and skidding under the GOP at the wheel before our economy finally crashed in 2008. It will take President Obama and the Democrats more than four years to pull 300 million Americans from the wreckage, especially while the GOP-led Congress acts like drivers who block rescue vehicles from getting to and from the scene.

Please vote the Democratic line in all national seats. Thank you.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Turkey's Main Opposition Party Hopes for Election Breakthroughi
X
May 22, 2015 10:23 AM
Turkey’s main opposition Republican People’s Party has sought an image change ahead of the June 7 general election. The move comes after suffering successive defeats at the hands of the Islamist-rooted AK Party, which has portrayed it as hostile to religion. Dorian Jones reports from the western city of Izmir.
Video

Video Turkey's Main Opposition Party Hopes for Election Breakthrough

Turkey’s main opposition Republican People’s Party has sought an image change ahead of the June 7 general election. The move comes after suffering successive defeats at the hands of the Islamist-rooted AK Party, which has portrayed it as hostile to religion. Dorian Jones reports from the western city of Izmir.
Video

Video Europe Follows US Lead in Tackling ‘Conflict Minerals’

Metals mined from conflict zones in places like the Democratic Republic of Congo are often sold by warlords to buy weapons. This week European lawmakers voted to force manufacturers to prove that their supply chains are not inadvertently fueling conflicts and human rights abuses. Henry Ridgwell reports from London.
Video

Video Class Tackles Questions of Race, Discrimination

Unrest in some U.S. cities is more than just a trending news item at Ladue Middle School in St. Louis, Missouri. As VOA’s Kane Farabaugh reports, it’s a focus of a multicultural studies class engaging students in wide-ranging discussions about racial tensions and police aggression.
Video

Video Mind-Controlled Prosthetics Are Getting Closer

Scientists and engineers are making substantial advances towards the ultimate goal in prosthetics – creation of limbs that can be controlled by the wearer’s mind. Thanks to sophisticated sensors capable of picking up the brain’s signals, an amputee in Iceland is literally bringing us one step closer to that goal. VOA’s George Putic reports.
Video

Video Afghan Economy Sinks As Foreign Troops Depart

As international troops prepare to leave Afghanistan, and many foreign aid groups follow, Afghans are grappling with how the exodus will affect the country's fragile economy. Ayesha Tanzeem reports from the Afghan capital, Kabul.
Video

Video Poverty, Ignorance Force Underage Girls Into Marriage

The recent marriage of a 17-year old Chechen girl to a local police chief who was 30 years older and already had a wife caused an outcry in Russia and beyond. The bride was reportedly forced to marry and her parents were intimidated into giving their consent. The union spotlighted yet again the plight of many underage girls in developing countries. Zlatica Hoke reports poverty, ignorance and fear are behind the practice, especially in Asia and Africa.
Video

Video South Korea Marks Gwangju Uprising Anniversary

South Korea this week marked the 35th anniversary of a protest that turned deadly. The Gwangju Uprising is credited with starting the country’s democratic revolution after it was violently quelled by South Korea’s former military rulers. But as Jason Strother reports, some observers worry that democracy has recently been eroded.
Video

Video California’s Water System Not Created To Handle Current Drought

The drought in California is moving into its fourth year. While the state's governor is mandating a reduction in urban water use, most of the water used in California is for agriculture. But both city dwellers and farmers are feeling the impact of the drought. Some experts say the state’s water system was not created to handle long periods of drought. Elizabeth Lee reports from Ventura County, an agricultural region just northwest of Los Angeles.
Video

Video How to Clone a Mammoth: The Science of De-Extinction

An international team of scientists has sequenced the complete genome of the woolly mammoth. Led by the Swedish Museum of Natural History in Stockholm, the work opens the door to recreate the huge herbivore, which last roamed the Earth 4,000 years ago. VOA’s Rosanne Skirble considers the science of de-extinction and its place on the planet
Video

Video Blind Boy Defines His Life with Music

Cole Moran was born blind. He also has cognitive delays and other birth defects. He has to learn everything by ear. Nevertheless, the 12-year-old has had an insatiable love for music since he was born. VOA’s June Soh introduces us to the young phenomenal harmonica player.

VOA Blogs