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U.S. President Barack Obama (R) speaks as Republican presidential nominee Mitt Romney (L) listens during the second U.S. presidential debate in Hempstead, New York, October 16, 2012.
U.S. President Barack Obama (R) speaks as Republican presidential nominee Mitt Romney (L) listens during the second U.S. presidential debate in Hempstead, New York, October 16, 2012.

Live Blog: The Second U.S. Presidential Debate

21:32 16.10.2012
Question 11: Female audience member asks what plans candidates have to create jobs and keep jobs in the United States.
Romney says he wants to make America the most attractive place in the world for entrepreneurs. He says the nation has to make sure that as it trades with other nations that they play by the rules. He says China hasn't, in part by manipulating its currency.
He says Obama refuses to label China a "currency manipulator," but that he would do so on day one as president.

Romney says the U.S. has to be competitive if it's going to create more jobs. He says regulations have quadrupled under Obama and that businesses feel they are under attack.
He says Obama's health care plan has been a deterrent for businesses. He repeats that one part of his own plan for the nation is to keep China playing by the rules.

Obama says both he and Romney agree on lowering the corporate tax rate, but that he wants to close loopholes allowing companies to have tax advantages offshore, but that Romney wants to expand those tax breaks.

Obama says the nation is on pace to double its exports. He says his administration has been pushing trade deals that ensure American businesses are getting a good deal.

On China, Obama says the Chinese currency has gone up 11 percent since he's been president, because his administration has pushed them hard.
21:26 16.10.2012
Obama says Romney was for an assault weapons ban before he was against it. Romney shakes his head after Obama says Romney changed his mind because he was seeking the endorsement of the National Rifle Association. Obama says education reforms his administration has put in place are showing gains. Overrides moderator to continue discussing the issue of education. Crowley points out "the question was guns."
21:23 16.10.2012
21:23 16.10.2012
Question 10: Woman asks next President Obama what his administration has done to limit the availability of assault weapons such as AK-47s.
Obama says his belief is that the nation has to enforce the laws it already has, make sure it's keeping guns out of hands of criminals and the mentally ill, but he says he also shares the belief that weapons designed for soldiers in war theaters don't belong on the nation's streets.
He says he wants a broader conversation on how to reduce violence generally, and that part of it is introducing an assault weapons ban, but also what can the nation do to intervene to make sure young people have opportunity and that schools are working. He says he wants a comprehensive strategy.
Romney says he does not agree with introducing new gun laws.
Romney says the nation can make changes to bring people away from violence. Romney raises the issue of the heavily-criticized Fast and Furious operation designed to track weapons used by drug traffickers.
Romney says he would like to understand whose idea this was and why it led to the violence.

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