US Presidential Debate

:00:01. > :00:07.experience at this kind of format. But the president prefers this

:00:07. > :00:12.format. The President likes having people around. He wanted more

:00:12. > :00:17.people in the room. You can see the crowd and the town hall four mac.

:00:17. > :00:20.Originally the day commission was planning to have 20 people sitting

:00:20. > :00:25.uncomfortable lunches. The White house said that would not do. We

:00:25. > :00:29.like it when the President has surrounded by people. We live shots

:00:29. > :00:34.of him to show people in the background. There have reconfigured

:00:34. > :00:39.the set. Mitt Romney has plenty of expense this year with debating,

:00:39. > :00:45.perhaps that is why he did better in the first debate. Barack Obama

:00:45. > :00:47.has been in this room and this four mac four years ago. He took on John

:00:47. > :00:52.McCain and the Town Hall debate at Hofstra University in this very

:00:52. > :00:57.same room. He's comfortable with the space. There would not be the

:00:57. > :01:00.first time a sitting president has been knocked back in a fierce

:01:00. > :01:05.debate in recover them later debates? They are a certain

:01:05. > :01:13.examples of that. He is that people are talking about most in terms of

:01:13. > :01:17.this debate four mac, one has 2,000., Algol against George bush.

:01:17. > :01:22.He went into the three debates with a five-point lead in the opinion

:01:22. > :01:27.polls, performed very badly in all three debates, specially the town

:01:27. > :01:33.hall debate. Squandered his lead, came out of the debate three points

:01:33. > :01:39.behind, and George bush went on to win the 2,000. Election. That is

:01:39. > :01:42.the nightmare scenario for Democrats. I just spoke to current

:01:42. > :01:50.democratic states are just before coming on me and he said he is very

:01:50. > :01:54.nervous. Because that is the series of debates he is during the

:01:54. > :02:00.parallels from. That is the moderator making her introduction.

:02:00. > :02:06.The economy likely to feature very strongly? We expect to the killing

:02:06. > :02:11.of the US ambassador to Libya to be prominent? I think that will come

:02:11. > :02:15.out. The presidential aides say he makes responsibility for the

:02:15. > :02:20.security situation in Libya. But the economy is very important for

:02:21. > :02:25.these voters. These are 80 undecided local residents call to

:02:25. > :02:29.participate in this town hall meeting. They have submitted the

:02:30. > :02:35.questions to the moderator. She has chosen those questions and they

:02:35. > :02:39.will be a mixture of foreign policy, Libya but predominantly the economy

:02:39. > :02:43.and what Barack Obama has to do is say things are getting better but I

:02:43. > :02:53.understand that they're not as good as I won them to be. Here is Barack

:02:53. > :03:13.

:03:13. > :03:18.Obama taking on Mitt Romney in the Thank you for joining us tonight.

:03:18. > :03:23.lot of folks have been waiting all day to talk to you. Governor Mitt

:03:23. > :03:30.Romney, you won the Toyn cost. The first question will go to you. We

:03:30. > :03:34.will go to a first-time voter. President, as the 20-year-old

:03:34. > :03:37.college student all year from professors and neighbours as the

:03:38. > :03:42.when I graduate I will have little chance to get employment. What can

:03:42. > :03:48.you say to reassure me and my parents I will be up to support us

:03:48. > :03:54.off after a graduate? Thank you, I appreciate your question and thank

:03:54. > :03:58.you to everybody who has come. Thank you to Hofstra University

:03:58. > :04:02.University for organising and leading this event. Thank you

:04:02. > :04:07.Barack Obama for being part of this debate. Your question is one that

:04:07. > :04:12.is being asked by college kids all over this country. In Pennsylvania

:04:12. > :04:17.I was with someone had just graduated. She said, I have my

:04:17. > :04:22.degree, I cannot find a job. I have three part-time jobs. They have

:04:22. > :04:26.barely enough to pay for my food and my apartment I cannot pay back

:04:26. > :04:30.my student loan. We have to make it easier for kids to afford college

:04:30. > :04:34.make sure when they get out of college there is a job. When I was

:04:34. > :04:39.governor of Massachusetts, to get a high-school degree you have to pass

:04:39. > :04:44.an exam. If he graduated in the top quarter of the class we gave you a

:04:44. > :04:50.scholarship. Four years' tuition free at the College of your choice.

:04:50. > :04:54.A one to make sure we keep our grant programme dying. We will also

:04:54. > :04:58.have our loan programme so people can afford school. The key thing is

:04:58. > :05:02.to make sure you can have a job when you get out of school. The

:05:02. > :05:07.last four years have been very hard for the young people of America. I

:05:07. > :05:13.want you to be able to get a job. I know what it takes to get this

:05:13. > :05:17.economy going. With half of college graduates graduating this year,

:05:17. > :05:21.without a college level job that is unacceptable. And you have more

:05:21. > :05:27.debt on your back. More debt and less jobs, I will change that. I

:05:27. > :05:30.know what it takes to create good jobs again. To give you the kind of

:05:30. > :05:36.opportunity you deserve. Kids across this country will recognise

:05:36. > :05:39.you're bringing back an economy. It will not be like the last four

:05:39. > :05:46.years, with a middle class has been crushed. Jobs have been two skis. I

:05:46. > :05:52.know what it needs to bring them back. When you graduate? 2014. I

:05:52. > :05:58.presume I will be President. I'll make sure you get a job.

:05:58. > :06:02.President. Your future is bright. The fact you are making an

:06:02. > :06:06.investment in higher education is critical. Not just you but the

:06:06. > :06:11.entire nation. The most important thing we can do is make sure we are

:06:11. > :06:17.creating jobs in this country, but not just jobs, good paying jobs.

:06:17. > :06:21.Ones that can support a family. I want to build on the 5 million.

:06:21. > :06:24.Jobs were created over the last 30 months and the private sector and

:06:24. > :06:30.there are a bunch of things we can do to make sure your future is

:06:30. > :06:35.bright. Number one, I want to build manufacturing jobs in this country

:06:35. > :06:39.again. When Mitt Romney said we should let Detroit go bankrupt, I

:06:39. > :06:43.said we would bet on American workers and it has come surging

:06:43. > :06:47.back. I want to do that in industries, not just under Troy but

:06:47. > :06:51.across the country. That means we change the tax code so we are

:06:51. > :06:56.giving incentives to companies investing in the United States and

:06:56. > :07:00.creating jobs here. We're helping them in small businesses to export

:07:00. > :07:05.around the world and new markets. Number two, we must make sure we

:07:05. > :07:10.have the best education system in the world. The fact to I don't hop

:07:10. > :07:13.college is great. But I want everybody to get a good education.

:07:13. > :07:18.We have worked hard to make sure student loans are available to

:07:18. > :07:22.people like you. We want to make sure colleges have slots for people

:07:22. > :07:28.to get retrained for jobs out there in the future. Number three, we

:07:28. > :07:32.have to control a wind energy. Not only oil and natural gas but we

:07:32. > :07:37.month to make sure we are building the only G source of the future,

:07:37. > :07:43.not just next year but 20 years from now. That's why we invest in

:07:43. > :07:49.Seoul and wind and bio Fuels, energy-efficient cars. We have to

:07:49. > :07:54.reduce the benefit but do it in a balanced way. Let us take the money

:07:54. > :08:00.we have been spending on war over the last decade to rebuild America.

:08:00. > :08:09.Roads, bridges schools. We do those things, not only will your feature

:08:09. > :08:12.be bright but America's future will be bright. I'm asking you for a

:08:12. > :08:17.more immediate answer Mitt Romney, we are looking at a situation where

:08:17. > :08:22.40% of the unemployed have been unemployed for six months or more.

:08:22. > :08:27.They do not have the two years that Jeremy has. What about the long-

:08:27. > :08:32.term unemployed that need a job just now. 23 million people

:08:32. > :08:36.struggling to find a job. A lot of them have been able out of work for

:08:36. > :08:40.a long time. The presidential policies have been exercised over

:08:40. > :08:44.the last four years may have not bought Americans back to work. We

:08:44. > :08:53.are fewer people with a day than we had when the President will coffers.

:08:53. > :08:58.The unemployment rate was 7.8% when he took office. If we take back the

:08:58. > :09:03.people who dropped out of the work force, we have 10.7 %. We have not

:09:04. > :09:07.made the progress it takes to get people back to work. I have a five-

:09:07. > :09:12.point plan to get America 5 million new jobs and a rise for take-home

:09:12. > :09:19.pay. It will help people across the country who are unemployed right

:09:19. > :09:27.now and how Jeremy get a job and he comes out of school. Barack Obama

:09:27. > :09:32.said we should take Detroit bankrupt. My plan was to get a

:09:32. > :09:37.business to come out stronger and go bankrupt. He keeps saying you

:09:37. > :09:42.want to take Detroit bankrupt. But he took Detroit bankrupt and the

:09:42. > :09:45.top Chrysler bankrupt and he took General Motors bankrupt. He

:09:45. > :09:49.actually did. I think it is important to know that was a

:09:49. > :09:53.process that was necessary to get those companies back on the feet so

:09:53. > :10:03.they could start hiring more people. That was precisely what I recommend

:10:03. > :10:07.it and what happened. What Governor not from the seed is not true. The

:10:07. > :10:13.one to take them into bankruptcy without giving them any way to stay

:10:13. > :10:23.open. We would have lost a million jobs. Take the executive's word for

:10:23. > :10:27.it. They may even support Governor from the some of these executives.

:10:27. > :10:31.Governor Bromley says he has a five-point plan. He has a one. Plan.

:10:31. > :10:36.That plan is to make sure that people at the top play by different

:10:36. > :10:42.set of rules. That has been his philosophy in the private sector,

:10:42. > :10:47.as governor, and as a presidential candidate. He can make a lot of

:10:47. > :10:52.money and pay more tax breaks on somebody makes a lot less. You can

:10:52. > :10:56.shift jobs overseas and get tax breaks for it. You can invest in a

:10:56. > :11:01.company, bankrupt at a strip away the pensions and you still make

:11:01. > :11:06.money. That is exactly the theosophy we have seen in place for

:11:06. > :11:09.the last decade. That is what has been squeezing middle class

:11:09. > :11:14.families. We have fought back for four years to get out of that mess.

:11:14. > :11:24.The last thing we need to do is to go back to the very same policies

:11:24. > :11:25.

:11:25. > :11:32.that got us there. Mitt Romney, plenty of chances to go on.

:11:32. > :11:37.Detroit answer is way off the mark. We will have lots of time to answer

:11:37. > :11:47.on that question. I want you to move on to something connected cars.

:11:47. > :11:48.

:11:48. > :11:52.We want to get a question from this man. Your energy sector, has now

:11:52. > :11:57.been on record three times stating it is not policy of this department

:11:57. > :12:02.to help lower gas prices. Do you agree with the senator that this is

:12:02. > :12:08.not the job of the energy department? The my asked important

:12:08. > :12:11.thing we can do is to make sure we control our own energy. This is

:12:12. > :12:17.what I've done since I have been President. We have increased oil

:12:17. > :12:21.production to the highest levels and 16 years. Natural gas

:12:21. > :12:26.production has the highest it has been in decades. We have seen

:12:27. > :12:31.increases in coal production. And coal employment. What I have also

:12:31. > :12:36.said his we cannot just produce traditional sources of energy, we

:12:36. > :12:44.need to look to the future. That is why we doubled fuel efficiency

:12:44. > :12:49.standards on cars. Next decade, any car you buy, you will go it twice

:12:49. > :12:53.as fast when you use the gas. All these things have contributed to

:12:54. > :13:00.asked lowering our oil imports to the lowest levels in 16 years. I

:13:00. > :13:06.want to build on it. That means we still continue to open up new areas

:13:06. > :13:11.for drilling. Make it a priority for us to go after natural gas. We

:13:11. > :13:15.are potentially 600,000 jobs and 100 years' worth of energy beneath

:13:15. > :13:20.our feet with natural gas. We can do it and an environmentally sound

:13:20. > :13:27.way. Have to continue to find out how we have efficient energy,

:13:27. > :13:34.because that is how we will find out how to reduce demand and he gas

:13:34. > :13:40.prices of. Mitt Romney will say he has a plan but his plan is to let

:13:40. > :13:45.the oil companies write the energy policies. He has got the oil and

:13:45. > :13:49.gas part but he does not have the clean energy park. If we are only

:13:49. > :13:55.thinking about tomorrow and the next day and not thinking about ten

:13:55. > :13:59.years from now, we will not control our own economic future. China,

:13:59. > :14:04.Germany they are making these investments. I will not cede those

:14:04. > :14:08.jobs for the future to these countries. I expect the new energy

:14:08. > :14:13.sources to be built in the United States. That will help Jeremy get a

:14:13. > :14:19.job and it will make sure you are not paying as much for gas. Mitt

:14:19. > :14:22.Romney? Me it does look to the policies of the President as

:14:22. > :14:26.opposed to the rhetoric. We have had for years of policies being

:14:26. > :14:32.played out. In terms of the additional oil production, none of

:14:32. > :14:38.it came on federal land. Oil production is down 14%. Gas

:14:38. > :14:41.production is down 9%. Because the President cut in half the number of

:14:41. > :14:46.licences and premises for drilling on federal land and on federal

:14:46. > :14:51.waters. Whether the increase come from. A lot of that came from a

:14:51. > :14:57.range in North Dakota. The administration border criminal

:14:57. > :15:02.action on the people drilling for oil. This huge new resource we have.

:15:02. > :15:09.What was the cause? 25 birds were killed in a bought out a migratory

:15:09. > :15:19.bird apt to go after them. I want to make sure we use our oil, our

:15:19. > :15:23.

:15:23. > :15:32.If we don't be the President from keeping us to take advantage of

:15:32. > :15:39.coal and gas. Talk to the people in the industry. I was in coal country.

:15:39. > :15:44.People said, please, saved my job. We cannot build a coal plant. It is

:15:44. > :15:50.virtually impossible, given our regulations when the President ran

:15:50. > :15:57.for Office. They said, who will go bankrupt. That is not the right

:15:57. > :16:02.course for America. Let us use the resources and energy we have. If we

:16:03. > :16:07.do what I plan on doing, getting energy independent, North American

:16:07. > :16:15.energy independence within eight years, you will see manufacturing

:16:15. > :16:20.jobs come b jobs come blow cost. We have a bond and energy. I

:16:20. > :16:25.would get North America at energy independent. We will have more

:16:25. > :16:35.permits and licences. We will have pipelines from Canada. The

:16:35. > :16:35.

:16:35. > :16:41.President said no to that. How well their jobs back. But the move to

:16:41. > :16:48.the gist of the question. Tomorrow morning, people will break up and

:16:48. > :16:52.find the price of gas at $4 a gallon. Is it within the purview of

:16:53. > :17:00.the government to bring prices down or are we looking at he knew

:17:00. > :17:05.normal? There is no doubt demand and production has gone up. We are

:17:05. > :17:09.using energy more efficiently. What Governor Romney said is true. We

:17:09. > :17:18.opened up public lands and a drilling more than the previous

:17:18. > :17:25.administration. Natural gas is not just appearing magically. We are

:17:25. > :17:30.encouraged in it and working with the industry. When I hear he say,

:17:30. > :17:36.he is a big coal die, but when he was the governor of Massachusetts,

:17:36. > :17:45.he stood in front of a coal plant and said, this plant kills. He shot

:17:45. > :17:51.it down. Now, he is a champion of coal. I try to be consistent. With

:17:51. > :17:58.respect to call, we invested in clean coal technology. We are

:17:58. > :18:03.producing clean and more coal. Smarter and cleaner. Our oil

:18:03. > :18:09.imports are down to its lowest levels in 20 years. Oil production

:18:09. > :18:15.is up. Natural gas production is up. We are starting to build cars that

:18:16. > :18:20.are more efficient, creating jobs. Those cars can be expect --

:18:20. > :18:28.exported due to demand. It will save you money. That is the

:18:28. > :18:37.strategy we need. But that has not what you have done in last four

:18:37. > :18:46.years. That is the problem. You could perm it and licences. That is

:18:46. > :18:56.not true. We have produced more oil. This is what we did. There were

:18:56. > :18:57.

:18:57. > :19:03.question. How much did you cut it by? I am happy to answer. He had

:19:03. > :19:11.oil companies. They had leases on public land they were not using. We

:19:11. > :19:18.said, you cannot sit on this for 30 years. And decide when you want to

:19:18. > :19:23.drill and produce. These are public lands. If you want to drill, you

:19:23. > :19:32.use it or you use it. We took away those leases and we are relating

:19:32. > :19:39.them so we can make proffered. corruption on private land is down.

:19:39. > :19:46.Reduction in gas is down 9%. That is not true. It is absolutely true.

:19:46. > :19:54.We have produced more oil and gas and water on federal land. Coal

:19:54. > :20:00.jobs and production are not up. Many people have lost their jobs. I

:20:00. > :20:10.don't think anyone believes that you are a person who will push for

:20:10. > :20:10.

:20:10. > :20:16.oil, gas and coal. I don't believe people think that is the case. I

:20:16. > :20:22.will fight for all coal and natural gas. The proof of whether the

:20:22. > :20:32.strategy is working his from the price. If you are paying less than

:20:32. > :20:37.a year or two, the strategy is working. But it was higher when the

:20:37. > :20:42.President came into office. Electricity prices are up. If the

:20:42. > :20:47.policies are working, the cost of energy will come down. I will fight

:20:47. > :20:54.to create more energy in this country. Part of that is bringing

:20:54. > :20:59.in a pipeline of oil from Canada. Drilling offshore in alas, and the

:20:59. > :21:09.junior. Those things would get us the energy we need. -- Alaska and

:21:09. > :21:15.Could you address what the Governor said? If the energy policy is

:21:15. > :21:21.working, the price of gasoline would not be $4 a gallon. He said

:21:21. > :21:27.when I took Office, the price of gasoline was $1 a T. The economy

:21:27. > :21:37.was on the verge of collapse. We were about to go through a

:21:37. > :21:38.

:21:38. > :21:44.It is conceivable that Governor Romney will bring in those gas

:21:44. > :21:54.prices. We might be in the same first. I want to create an economy

:21:54. > :21:57.

:21:57. > :22:05.-- same mess. We have built enough pipeline to wrap around the entire

:22:05. > :22:12.Earth once. I am all for pipelines and oil production, but not for us

:22:12. > :22:20.ignoring the other half of the equation. Wrongly said these were

:22:20. > :22:25.imaginary jobs. People in Iowa, Colorado, are working, creating

:22:25. > :22:31.wind power with good manufacturing jobs. The Republican senator in

:22:31. > :22:36.fire what is all for it, providing tax press to make this work.

:22:36. > :22:45.Governor Romney says, he is opposed. That is not an energy strategy for

:22:45. > :22:55.the future. I have to move you along. I get the last question and

:22:55. > :22:57.

:22:57. > :23:02.asked answer. I will give you a chance. I promise you. I'd known to

:23:02. > :23:09.want to leave all these guys sitting here. I don't have a policy

:23:09. > :23:16.on stopping wind jobs in higher war. I appreciate those jobs. I

:23:16. > :23:22.appreciate the jobs in coal, oil, gas. Thank you. Energy resources

:23:22. > :23:28.will bring back manufacturing in America. We will get an aggressive

:23:28. > :23:38.energy policy. It is critical to our future. We will give you long

:23:38. > :23:46.

:23:46. > :23:52.to taxes. -- book you along to Governor Romney, you say you will

:23:52. > :23:55.plan to reduce tax rates for all tax brackets. And you will work

:23:56. > :24:03.with the Congress to eliminate reductions to make up for the loss

:24:03. > :24:13.in revenue. Concerning these deductions, the mortgage deduction,

:24:13. > :24:16.

:24:16. > :24:21.the charitable deduction, the child tax credit... You are doing great.

:24:21. > :24:28.The education credit. It is important to me. I have children in

:24:28. > :24:33.college. What are your policies on those things? You are absolutely

:24:33. > :24:42.right. I want to bring the rate down and simplify the tax code, and

:24:42. > :24:52.want to get people to get more taxes. Middle income taxpayers will

:24:52. > :24:59.have no taxes. They have been buried over the last four years.

:24:59. > :25:06.Gasoline prices have gone up $2,000. Health insurance premiums have gone

:25:06. > :25:11.off. Food prices and utility prices have gone up. The middle income

:25:11. > :25:16.families have been crushed in the last four years. How about

:25:16. > :25:23.deductions? I will bring rates down across the board for everyone. I

:25:23. > :25:31.will limit exemptions and credit for people at the high end. They

:25:31. > :25:36.will not play -- pay less than they are paying now. The top 5% will

:25:36. > :25:44.continue to pay the income tax. Middle income people are going to

:25:44. > :25:49.get a tax break. To bring debt reduction, we will say, everyone

:25:49. > :25:58.will get $25,000 in reduction in credit. You can decide which one to

:25:58. > :26:04.use. Home mortgage reduction, charity, child tax. Your rate comes

:26:04. > :26:11.down, and the burden comes down. Every middle income taxpayer no

:26:11. > :26:16.longer will pay any tax on interest, dividends or capital gains. No tax

:26:16. > :26:21.on your savings. It makes life a lot easier. If you are getting

:26:22. > :26:28.interest on a bank, a statement from a mutual fund, don't worry

:26:28. > :26:35.about filing taxes. They will be no taxes for anyone making more than

:26:35. > :26:40.$200,000 a year on dividends and capital gain. Under the last four

:26:40. > :26:45.years, they have been buried and are what to help the middle class.

:26:45. > :26:52.I will not reduce the share that has been paid by the highest income

:26:52. > :26:57.taxpayers. I will not increase taxes for the middle class. The

:26:57. > :27:03.President's spending and borrowing will cause this nation to raise

:27:03. > :27:09.taxes. Not just at the higher end. People in the middle classes C

:27:09. > :27:15.$4,000 a year of higher taxes duty the spending and borrowing of the

:27:15. > :27:19.middle -- administration. I will reduce the tax burden on middle

:27:19. > :27:26.income families. It will help those families and create incentives to

:27:26. > :27:32.start growing jobs again in this country. My philosophy on tax has

:27:32. > :27:37.been simple. I want to give middle class families and folks who are

:27:37. > :27:47.striving to get in the middle class some relief. There has been hit

:27:47. > :27:52.

:27:52. > :27:59.I said awarded to cut tax. That is what I have done. I said I would

:27:59. > :28:05.cut tax for small businesses. We have cut them 18 times. I want to

:28:05. > :28:12.continue those tax cuts for middle class families and for small

:28:12. > :28:20.businesses. If we are serious about reducing deficit, if this is

:28:20. > :28:27.genuinely a moral obligation to the next generation, we need to make

:28:27. > :28:34.sure that the bourse to do a little bit more. Your first $250,000 of

:28:34. > :28:40.income, no change. 98% of American families and small businesses will

:28:40. > :28:45.not see a tax increase. I am ready to sign that be all right now. But

:28:45. > :28:54.Governor Romney's allies in Congress have denied the 98%

:28:54. > :29:02.hostage. They would tax-breaks for the top 2%. Four of 250,000, we can

:29:02. > :29:08.go back to the tax breaks we have That is what took us from deficit

:29:08. > :29:14.to surplus. It is good for the economy and job creation. Governor

:29:14. > :29:19.Romney has a different philosophy. He was on 60 minutes just two weeks

:29:19. > :29:28.ago. He was asked, is it fair for someone like you, making $20

:29:28. > :29:34.million a year, to pay lower tax rate. He said it was fair. He said

:29:34. > :29:44.that is what grows the economy. I fundamentally disagree. Would Crows

:29:44. > :29:44.

:29:44. > :29:53.the economy is you get tax credit in place, that grows the economy.

:29:53. > :29:57.We make sure small businesses are getting assistance. We have a

:29:57. > :30:03.different theory. When Governor Romney stand here after a year of

:30:03. > :30:10.campaigning, he stood on stage and said I will give tax cuts. He did

:30:10. > :30:16.not say tax rate cuts, but tax cuts, including the top 1%. That has been

:30:16. > :30:26.his history. That is exactly the type of Economics that will not

:30:26. > :30:26.

:30:26. > :30:36.work, if we want a strong middle Governor Romney, you should reply

:30:36. > :30:37.

:30:37. > :30:43.here. My tax plan, the top 5% pay 60%. I am looking to cut taxes for

:30:43. > :30:46.middle-income people. Why do I want to bring rates down at the same

:30:46. > :30:51.time lower exemptions and reductions from people at the high

:30:51. > :30:56.end, if you bring rates down, it makes it easier for small business

:30:56. > :31:01.to keep the capital and hire people. For me, this is about jobs. I want

:31:02. > :31:05.to get the American economy going again. 54% of American workers we

:31:05. > :31:09.can businesses that are taxed as individuals. When you bring those

:31:09. > :31:12.rates down, those small businesses are able to keep more money and

:31:12. > :31:16.hire more people. I look at what has happened in the past four years

:31:17. > :31:23.and say, this has been a disappointment. We can do better.

:31:23. > :31:28.We do not have to settle for 43 months with unemployment above 8%.

:31:28. > :31:32.23 million Americans looking for a job now. Three-and a-half million

:31:32. > :31:38.women living in poverty than when the President took office. We do

:31:38. > :31:42.not have to live like this. We can get this economy going again. My

:31:42. > :31:47.plan does it. Energy independence for North America and five years.

:31:47. > :31:51.Opening up more trade with North America, cracking down on China

:31:51. > :31:56.when a cheat. Training programmes for workers, championing small

:31:56. > :32:00.business. I wonder how small businesses grow and thrive. I know

:32:00. > :32:05.how to make that happen. I spent my life and the private sector. I know

:32:05. > :32:09.why jobs come and why they go. They're going up because of the

:32:10. > :32:16.policy of this administration. need to ask the President about

:32:16. > :32:20.something you said. Mitt Romney says he will not allow the top 5%

:32:20. > :32:28.to have a tax cut, That'll all even out and what he wants to do is give

:32:28. > :32:35.the tax cut to the middle class. Settled? And No It is not settled.

:32:35. > :32:41.The cost of Loring Rake's for everybody, across the board 20%

:32:41. > :32:45.along with what he wants to do in terms of eliminating the state tax,

:32:45. > :32:52.in terms of corporate, changes in the tax code it costs five trillion

:32:52. > :32:56.dollars. Mitt Romney wants to spend two trillion dollars on conditional

:32:56. > :33:00.military programmes even though the military is not asking for. That is

:33:00. > :33:06.seven trillion dollars. He wants to push tax cuts for the wealthiest

:33:06. > :33:11.Americans. That is eight trillion dollars in total. What he sees his

:33:11. > :33:17.he is going to make sure that this does not add to the deficit and he

:33:17. > :33:21.will cut middle class taxes, when he is asked, how would you do it,

:33:21. > :33:28.which deductions which loopholes will you do you cannot tell you.

:33:28. > :33:33.The fact that he only has to pay 14% on his taxes were a lot of you

:33:33. > :33:39.are paying much higher, he is taken that on board, capital gains will

:33:39. > :33:43.continue to be at a lower rate. We will not get money that way. We

:33:43. > :33:47.have not heard from the governor at any specifics beyond Big Bird and

:33:47. > :33:54.eliminating funding for planned Parenthood in terms of how the

:33:54. > :33:57.place for that. Mitt Romney was a very successful investor. If

:33:57. > :34:03.someone came to governor with a plan and said I want to spend seven

:34:03. > :34:07.or eight trillion dollars, we will pay for it, but we cannot tell you

:34:07. > :34:12.until after the election how we will do what, you would not have

:34:12. > :34:17.taken such a sketchy deal. And neither should you, the American

:34:17. > :34:24.people. Because the maths does not add up. What is at stake here is

:34:24. > :34:29.one of two things, this blows out the deficit, because this is just

:34:30. > :34:34.to pay for the additional spending he is talking about, 17 trillion

:34:34. > :34:42.dollars before we get the debt so we already have. Alternatively it

:34:42. > :34:47.has to be paid for, not only by posting reductions for wealthy

:34:47. > :34:52.individuals, you will be paying for it. You will lose some deductions.

:34:52. > :35:00.You cannot buy this sales pitch. Nobody who has looked at it as

:35:00. > :35:05.series believes it adds up. Governor, before we get into a vast

:35:05. > :35:09.array of who says what, if it should not add up, but somehow when

:35:09. > :35:14.you get in her There is not enough tax revenue coming in, but somehow

:35:14. > :35:23.the numbers do not add up, would you be willing to look again at a

:35:23. > :35:28.20%? They do add up. I was someone who ran businesses for 25 years. I

:35:28. > :35:33.balanced the Budget. I ran the Olympics and balance the Budget.

:35:33. > :35:37.Around the state of Massachusetts as a governor and balanced the

:35:37. > :35:41.Budget for four years. When we talk about maths that does not add up

:35:41. > :35:47.how about two trillion dollars and deficits over the last four years.

:35:47. > :35:51.That his manner that does not add up. We have a president talking

:35:51. > :35:57.about his plan in a way that is completely foreign to what my real

:35:57. > :36:00.planners. Then we have his record which is we have four consecutive

:36:00. > :36:04.years will he has said when he was running of this he would cut the

:36:04. > :36:09.deficit in half, unsteady is double whammy. We have gone from 10

:36:09. > :36:13.trillion dollars of debt to 16 trillion dollars of debt. If the

:36:13. > :36:19.President were re-elected we would go to 20 trillion dollars. This

:36:19. > :36:26.puts us on a road to Greece. I know what it takes to balance budgets.

:36:26. > :36:34.I've done my entire life. It is not a cup because I'm offsetting some

:36:35. > :36:44.of the reductions with holding down similar deductions. I understand,

:36:45. > :36:54.

:36:54. > :37:02.but I will get run up of town. have keeping on track. Barack Obama,

:37:02. > :37:06.this is Katrine Fenton who has a question for you? In what new ways

:37:06. > :37:12.to intend to rectify the inequalities in the workplace.

:37:12. > :37:19.Regarding females making only 72% of what my counterparts earn.

:37:19. > :37:25.great question. I was raised by a single mum. She had put herself

:37:25. > :37:30.through school while looking after two kids. She worked hard every day

:37:30. > :37:36.and a lot of sacrifices to make sure we got everything we needed. A

:37:36. > :37:40.grandmother, she started off as a secretary in a bank. She never got

:37:40. > :37:45.a college education. Even though she was smart is a work. She worked

:37:45. > :37:49.her way out to become vice- president of the bank but she had a

:37:49. > :37:55.glass ceiling. She trained people who would end up becoming her boss

:37:55. > :38:02.was. In the course of her job. She did not complain, that was not what

:38:02. > :38:05.you did in that generation. This is one off of reasons why why the

:38:05. > :38:10.first pill assigned was something called them we Leadbetter bill. It

:38:10. > :38:18.was named after this amazing woman who had been doing the same job as

:38:18. > :38:22.a man for years, found out that she was getting paid less, and the

:38:22. > :38:27.Spring Court -- Supreme Court said she could not bring sued because

:38:27. > :38:32.she had not found about it earlier. So we fix to that. There is an

:38:33. > :38:37.example the kind of advocacy we need. Because women are

:38:37. > :38:40.increasingly the breed winners of the family. This is not just a

:38:40. > :38:45.woman's issue, this is a family issue and a middle class issue.

:38:45. > :38:51.That is why we have to pay for it. It also means we have to make sure

:38:51. > :38:57.that young people like yourself able to afford a college education.

:38:57. > :39:01.Earlier Mitt Romney talked about he wanted to make education accessible

:39:01. > :39:04.for younger people. But we have done that. We have expanded

:39:04. > :39:10.programmes for millions of people including millions of young women

:39:10. > :39:14.across the country. We took $60 billion there was going to banks

:39:14. > :39:18.and lenders as middlemen for the student loan programme and we said

:39:18. > :39:22.let us cut out the middleman and give the money directly to students.

:39:22. > :39:26.As a consequence, millions of young people can afford college. They

:39:26. > :39:30.will make sure young women can compete in the market place. We

:39:30. > :39:36.have to enforce the laws which is what we're doing. We have to make

:39:36. > :39:40.sure that in every walk of life, we do not tolerate discrimination.

:39:40. > :39:49.That has been one of the hallmarks of my administration. I'll continue

:39:49. > :39:53.to push on this issue. Mitt Romney, Pay Equity for women? An important

:39:53. > :39:58.topic and one which I learned a great deal about when I was serving

:39:58. > :40:02.as Governor for my state. At the chance to pull together a Cabinet

:40:02. > :40:07.and all the applicants seemed to be men. And I went to my staff and I

:40:07. > :40:11.said, how come all the people for these jobs are men. He said well

:40:11. > :40:16.they have the qualifications. I see cannot we find some women who are

:40:17. > :40:19.qualified? So we took a concerted effort to go out and find women who

:40:19. > :40:24.had backgrounds that could be qualified to become members of the

:40:24. > :40:29.Cavill. I went to a number of women's groups and asked them to

:40:29. > :40:34.find winners. They found us binders full of women. I was proud of the

:40:34. > :40:38.fact that after I start my Cabinet that the University of New York at

:40:38. > :40:40.Albany did the survey of all 50 states and concluded mine had more

:40:41. > :40:45.women in senior leadership positions than any other state in

:40:45. > :40:48.America. One of the reasons I could get so many good women to be part

:40:48. > :40:52.of the team was because of the recruiting effort. I also

:40:52. > :40:57.recognised if you gonna have Women and the work force only to be more

:40:57. > :41:02.flexible. My chief of staff, she said I cannot be here until seven

:41:02. > :41:05.at night. I have kids at school. Have to get home at five o'clock so

:41:05. > :41:12.I can make dinner for my children and be with them when I get home

:41:12. > :41:16.from school. I said OK let's have a flexible schedule. We will have to

:41:16. > :41:21.have employers in the new economy that I will bring to play that will

:41:21. > :41:27.be so anxious to get good workers, they will be anxious to hire women.

:41:27. > :41:34.And the last four years, women have lost 580,000 jobs. That is what has

:41:34. > :41:38.happened. I mentioned, three-and-a- half million women, more and

:41:38. > :41:43.poverty than four years ago. What we can do to help young women and

:41:43. > :41:46.women of all ages is to have a strong economy, so strong that

:41:46. > :41:53.employers are looking to find good employees and bring them into the

:41:53. > :41:56.workforce. Adapt them to a flexible work schedule that gives them the

:41:56. > :42:00.opportunities they would otherwise not afford. This is what I have

:42:00. > :42:08.done. That is what I look forward to doing and I know what it takes

:42:08. > :42:12.to make an economy work. There are no order working economy looks like.

:42:12. > :42:18.Unemployment 7.8 employment -- unemployment is not a strong

:42:18. > :42:25.economy. An economy with 23 million people looking for work is not a

:42:25. > :42:32.strong economy. An economy with students graduating he cannot find

:42:32. > :42:41.a job as not and a good economy. We have to support women in the

:42:41. > :42:44.workforce. Mr President, can you get on as? I wonder. Out there when

:42:44. > :42:49.Mitt Romney was asked about the lily Leadbeater bill he said I

:42:49. > :42:55.would get at you. That is not the kind of ad this could see we need

:42:55. > :43:00.in any economy. There are issues that have a bearing on how women

:43:00. > :43:04.succeed in the workplace. The first one is healthcare. A major

:43:04. > :43:08.difference in this campaign is that Mitt Romney feels comfortable

:43:08. > :43:14.having politicians in Washington decide the healthcare choices that

:43:14. > :43:18.women are making. I think that is a mistake. And my healthcare bill, I

:43:18. > :43:24.said insurance companies need to provide contraceptive coverage to

:43:24. > :43:28.everybody who is insured. Because this is not just a health issue it

:43:28. > :43:34.is an economic issue for women. It makes a difference. This is money

:43:34. > :43:37.out of the family Pocket. Mitt Romney not only opposed it, he

:43:37. > :43:42.suggested that employers should be able to make the decision as to

:43:42. > :43:47.whether or not a woman gets contraception through insurance

:43:47. > :43:52.coverage. That is not the kind of advocacy women need. When Mitt

:43:52. > :43:57.Romney said we should eliminate funding for planned Parenthood,

:43:57. > :44:01.there are millions of women across the country who rely on planned

:44:01. > :44:06.Parenthood for not just contraceptive care but mammograms,

:44:06. > :44:11.cervical cancer screenings that is a pocketbook issue for women and

:44:11. > :44:16.families all across the country. That makes a difference in terms of

:44:16. > :44:19.how well an effect of the women can work. When we talk about child care,

:44:19. > :44:23.and the credits we are providing, that makes the difference in terms

:44:23. > :44:29.of whether they can go out there and in the living for the family.

:44:29. > :44:35.These are not just women's issues. These are family issues. These at

:44:35. > :44:39.economic issues. One of the things that makes us grow as an economy is

:44:39. > :44:44.when everybody participates and women are given the same deal as

:44:44. > :44:49.men. I have to doctors and I want to make sure they have the same

:44:49. > :44:56.opportunities -- daughters as any body's son's hair. That is part of

:44:56. > :45:06.what I'm working for as part of the United States. This is a question

:45:06. > :45:24.

:45:24. > :45:30.from Susan it is for Mitt Romney. Since both you and President Bush

:45:30. > :45:36.are both Republicans, I fear the returns of all policies if you win

:45:36. > :45:41.this election. What is the biggest difference between new and George W

:45:41. > :45:51.Bush and how the different ship herself from him? Thank you. I

:45:51. > :46:02.

:46:02. > :46:07.appreciate that question. Thes The timekeepers are all working.

:46:07. > :46:11.Use these two minutes. The question is on the floor. I don't believe

:46:11. > :46:20.bureaucrat in Washington should tell someone whether they should

:46:20. > :46:25.use contraceptives or not. Every woman in America should have access.

:46:25. > :46:30.The President's statement and one policy is totally wrong. Let me

:46:30. > :46:37.answer your question. President Bush and I are different people and

:46:37. > :46:41.these are different kinds. My five- point plan is different. We can, by

:46:41. > :46:48.virtue of new technology, get the energy we need in North America

:46:49. > :46:56.without having to go to the Venezuelans or Arabs. We start with

:46:56. > :47:02.a robust policy. We will become energy independent. I would crack

:47:02. > :47:07.down on China. President Bush did not. And we will expand into Latin

:47:07. > :47:13.America in terms of trade. I want to add more free trade agreements.

:47:13. > :47:18.I would get us to a balanced budget. President Bush did not. President

:47:18. > :47:22.Obama was right. It was outrageous to have deficits as high as

:47:22. > :47:32.trillions of dollars. He was right. But then he put it in deficit twice

:47:32. > :47:35.

:47:35. > :47:40.that size. It will be forecast for the next four years. Championing

:47:40. > :47:45.small businesses. Our party has been focusing on big businesses for

:47:45. > :47:51.too long. I came from small business. I understand how hard it

:47:51. > :47:56.is. I will help small businesses grew and their jobs. I will keep

:47:56. > :48:06.their taxes down. Far want regulators to see their jobs as

:48:06. > :48:07.

:48:07. > :48:14.encouraging small enterprise, not When you talk to small businesses

:48:14. > :48:19.and ask what they think about the ObamaCare, it keeps them from

:48:19. > :48:25.having the people. President Bush had a different path for a

:48:25. > :48:35.different time. Bypass is designed to get small businesses to grow. --

:48:35. > :48:37.

:48:37. > :48:43.It is important to tell you that we came in during tough times. We were

:48:43. > :48:50.losing 800,000 jobs a month when I start up. We have been digging our

:48:50. > :48:56.way out of policies that were misplaced and focused on the top.

:48:56. > :49:02.We have seen 30 consecutive months of job loss. Five. 2 million new

:49:02. > :49:07.jobs were created. The plans I talked about will create even more.

:49:07. > :49:12.When Governor Romney says he has different economic plans, the

:49:12. > :49:19.centrepiece of his plans are tax cuts. That is what took us from

:49:19. > :49:25.surplus to deficit. When he talks about getting on top of China, keep

:49:25. > :49:31.in mind, Governor Romney invested in companies that were pioneers of

:49:31. > :49:37.outsourcing to China. He is currently investing in countries,

:49:37. > :49:41.in companies, building surveillance equipment for China to spy on their

:49:41. > :49:47.own people. Governor, you are the last person to get tough on China.

:49:47. > :49:53.But it comes to trade, we will not only signed a new trade deals to

:49:53. > :49:59.open up new markets, but we will go after anyone taking advantage of

:49:59. > :50:05.American workers and businesses. The broad twice as many cases

:50:05. > :50:15.against unfair trading practices than the previous administration.

:50:15. > :50:20.

:50:21. > :50:30.When I said I wanted to protect our tyres, from China, Governor Romney

:50:30. > :50:34.said I was being protectionist. But that was required. There are some

:50:34. > :50:40.things where Governor Romney is different from George W Bush. He

:50:40. > :50:43.did not propose to turn Medicare into a voucher. He embraced

:50:43. > :50:50.comprehensive immigration reform. He did not call for self

:50:50. > :50:55.deportation. George W Bush never suggest that we eliminate planned

:50:55. > :51:01.Parenthood. There are differences between Governor Romney and George

:51:01. > :51:09.W Bush but not on economic policies. In some way, he has gone to an even

:51:09. > :51:15.more extreme place when it comes to social policy. That is a mistake.

:51:15. > :51:25.For the next question, it is similar. I will call on Michael

:51:25. > :51:31.

:51:31. > :51:37.Mr President, I voted for you in 2008. I am not that optimistic as I

:51:37. > :51:44.was. Most things I need for everyday living are expensive.

:51:44. > :51:50.have gone through a tough four years. Four years ago, I said I

:51:50. > :51:55.would cut -- cut taxes for middle class families. I did. I said I

:51:55. > :52:03.would cut taxes for small businesses. I have. I said we would

:52:03. > :52:09.end the war in Iraq. I did. We have gone after Al-Qaeda's leadership.

:52:09. > :52:16.Osama Bin Laden is dead. I said we will put in place healthcare reform

:52:16. > :52:22.to make sure insurance companies cannot check your around. -- jerk

:52:22. > :52:28.you around. I said I would rein in the excess of Wall Street. We have

:52:28. > :52:36.passed the toughest Wall Street reforms since the 30s. We have

:52:36. > :52:43.created five million jobs. We are making progress. We saved the

:52:43. > :52:48.automobile industry. Does that mean you are not struggling. No. Many of

:52:48. > :52:55.us are. That is why the plan I have put in for manufacturing, education

:52:55. > :53:02.and reducing deficit is sensible. We are saving -- ending wars and

:53:02. > :53:09.putting people back to work. We are controlling our own energy of today

:53:09. > :53:14.and the future. The commitments I have made, I have kept. Those I

:53:14. > :53:19.have not been able to keep, it is not for lack of trying. We will get

:53:19. > :53:23.them done in the second term. Pay attention to this campaign.

:53:23. > :53:31.Governor Romney has made commitments as well. He will keep

:53:31. > :53:37.those as well. When Republicans say, we will sign a no tax pledge so we

:53:37. > :53:47.don't ask a dime from people to reduce the deficit to invest in

:53:47. > :53:49.

:53:49. > :53:59.education and help kids go to college, he fooled me to. -- he

:53:59. > :54:06.

:54:06. > :54:10.That is not the kind of leadership you need. You expect that those

:54:10. > :54:14.promises other types he will keep. His promises will be more likely to

:54:14. > :54:24.help you in your life and make sure your kids go to college and make

:54:24. > :54:27.

:54:27. > :54:34.sure you are getting a good paid I think you know better. These last

:54:34. > :54:39.four queues have not been good. He did feel like you are confident the

:54:39. > :54:46.next four years and will be better. If you let Obama, you are going to

:54:46. > :54:54.get a repeat. We cannot afford four used like the last four years. He

:54:54. > :55:01.said we have unemployment at 5.4%. The difference is 9 million

:55:01. > :55:06.Americans without work. I was not the one he said 5.4%. This was the

:55:06. > :55:14.President's plan. He said he had, by now, put forward a plan to

:55:14. > :55:19.reform Medicare and social security. He would get that done. He has not

:55:19. > :55:23.even made a proposal on either one. He said he would put up an

:55:23. > :55:28.immigration plan and deal with immigration challenges. He did not

:55:28. > :55:34.even file it. He has not been able to do what he was able to do. He

:55:34. > :55:39.said he would cut the deficit, he had not even done it either. He had

:55:39. > :55:48.doubled it. He said middle income families would have a reduction in

:55:48. > :55:58.health insurance premiums. It has gone up. If ObamaCare is passed or

:55:58. > :56:02.

:56:02. > :56:07.implemented, it will be another 200 He keeps saying, I created five

:56:07. > :56:12.million jobs, but that is after losing five million jobs. The

:56:12. > :56:18.unemployment has not been reduced. The number of people still looking

:56:18. > :56:26.for work is still 23 million Americans. There are more people in,

:56:26. > :56:31.-- poverty. What about food stamps? Today, 40 million people on food

:56:31. > :56:39.stamps. What about the growth of the economy? It is growing more

:56:39. > :56:45.slowly this year and last year. And slower than that here before. He

:56:45. > :56:55.want to do well. But the policies he has put in place, including

:56:55. > :57:05.ObamaCare, these policies combined have not led this economy to grow.

:57:05. > :57:05.

:57:05. > :57:12.In the Reagan recession, unemployment hit 10.8%, but the

:57:12. > :57:17.recovery created twice as many jobs. Five million jobs does not keep up

:57:17. > :57:24.with our population growth. The unemployment rate since law today

:57:24. > :57:30.because the people who have dropped out of the workforce. The

:57:30. > :57:35.President's policies have not work. He is great as a Speaker and

:57:35. > :57:42.describing his plan. But we have a record to look at. It shows he has

:57:42. > :57:49.not been able to speak -- cut the deficit and put the reforms into

:57:49. > :57:54.place to get the rising in comes. The median income has decreased.

:57:54. > :58:01.Millions are out of work. This is what the election is about. Who can

:58:01. > :58:09.get the middle class in this family a bright and prosperous future?

:58:09. > :58:17.Don't go away. We are aware of the clock. I'll want to bring in a

:58:17. > :58:27.different subject. We have a question about ectopic not heard of

:58:27. > :58:34.

:58:34. > :58:41.Romney, what do you plan on doing with immigrants without their green

:58:41. > :58:51.cards that are living here as productive members of society?

:58:51. > :58:53.

:58:53. > :58:58.Thank you for your question. This is a nation of immigrants. We

:58:58. > :59:04.welcome people coming into this country. My father was born in

:59:04. > :59:09.Mexico. His father was born in Wales. We welcome legal immigrants.

:59:09. > :59:14.I want our legal system to work better. I want it to be streamlined

:59:14. > :59:19.and clear run. You should not hire a lawyer to figure out how to get

:59:19. > :59:23.in this country legally. We should give green cards to people who

:59:23. > :59:27.graduate with skills we need. People around the world with

:59:27. > :59:33.accredited degrees will get a green card stapled to the diploma and

:59:33. > :59:38.come to the country. We will have to stop illegal immigration. There

:59:38. > :59:45.are 4 million people waiting in line to get here legally. Those who

:59:45. > :59:49.have come here illegally... I will not grant them amnesty. I'll put in

:59:49. > :59:56.place and employment verification system and make sure employers hire

:59:56. > :00:01.people will be sanctioned -- employers who hire people here

:00:01. > :00:06.illegally will be sanctioned. Illegal immigrants will not get

:00:06. > :00:16.driver's licence. The children of illegal immigrants should have led

:00:16. > :00:21.halfway to become a permanent resident. -- should have a pathway.

:00:21. > :00:26.When the President ran for Office, he said he put in place a

:00:26. > :00:32.legislation, a bill. It would reform our immigration system and

:00:32. > :00:42.protect legal in -- legal immigration and stop illegal

:00:42. > :00:56.

:00:56. > :01:05.immigration. He did not do it. Why I've looked forward to it. We are a

:01:05. > :01:08.nation of immigrants. We were a few miles away from our silent. We

:01:08. > :01:13.understand what this country has become because talent from all

:01:13. > :01:17.around the world wants to come here. People want to take risks. People

:01:17. > :01:25.who want to build on dreams and make sure kids have bigger dreams

:01:26. > :01:30.than they have. We are also a nation of loss. We need to fix a

:01:30. > :01:34.broken immigration system. I have done everything I can on my own and

:01:34. > :01:38.sought co-operation from Congress to make sure we fix the system. The

:01:38. > :01:42.first thing we did was streamline the illegal immigration system to

:01:42. > :01:45.reduce the backlog and make it easier and cheaper for people

:01:45. > :01:50.waiting in line, obeying the law to make sure they could come here and

:01:50. > :01:52.contribute to the country. That is good for the economic growth. They

:01:52. > :01:57.will start new businesses. They will make things happen to create

:01:57. > :02:03.jobs and the United States. Number two, we have to deal with our

:02:03. > :02:08.border, we put more border control on than any time in history and the

:02:08. > :02:12.flow of a undocumented people across the border is lower than it

:02:12. > :02:18.has been in 40 years. If we're going to go after illegal

:02:18. > :02:22.immigrants, we should do it smartly and go after folk to a criminals.

:02:22. > :02:25.People who were hit in the community. Not after students or

:02:26. > :02:30.folks who were here because they try and figure out how to feed

:02:30. > :02:36.families. That is what we have done. I have also said that for young

:02:36. > :02:41.people who come here, Portia by the parents often times, have gone to

:02:41. > :02:47.school here and pledged allegiance to the flag, think of this as their

:02:47. > :02:51.country. Understand themselves as Americans. We should make sure we

:02:51. > :02:55.give them a pathway to citizenship after giving them papers. That is

:02:55. > :03:01.what I've done administrator plea. Mitt Romney has said he wants to

:03:01. > :03:06.help those people to but during the Republican primary said he would

:03:06. > :03:10.veto the act which would allow people to have access. His main

:03:10. > :03:16.strategy during the Republican primary was to say we will

:03:16. > :03:20.encourage self- deportation. Making light so miserable on folks that

:03:20. > :03:25.they will leave. He called the Arizona law a model for the nation.

:03:25. > :03:29.It said that law-enforcement officers could stop folks because

:03:29. > :03:38.suspected it looked they could be a undocumented workers. And check the

:03:38. > :03:47.papers. If my daughter, or yours, looks to some body like they are

:03:47. > :03:52.not a citizen, I do not want to empower somebody like that. We can

:03:52. > :03:58.fix this system, in a comprehensive way and when Governor Romney says

:03:58. > :04:01.the challenge it is he did not try, it is not true. I sat down with

:04:02. > :04:06.Democrats and Republicans at the beginning of my term and I said

:04:06. > :04:12.let's fix this system including senators who reported on the

:04:12. > :04:14.Republican side. It is very hard for Republicans in Congress to

:04:14. > :04:19.support comprehensive immigration reform of the standard bearer has

:04:19. > :04:26.said that this is not something I'm interested in supporting. It may

:04:26. > :04:29.get Mitt Romney. Speaker the idea of self- deportation? Let me go

:04:29. > :04:36.back and speak to the point the President made and let's get them

:04:36. > :04:40.correct. I did not say the Arizona law was a model for the nation. I

:04:40. > :04:43.said there are five portion of the Arizona law which is a portion of

:04:43. > :04:47.the law which says that employers should be able to determine whether

:04:47. > :04:52.someone is there illegally or not fully believe was a model for the

:04:52. > :04:57.nation. Number two, ousted President a question. I think his

:04:57. > :05:02.ban acts and in aggressions -- immigrant flow of the nation has

:05:03. > :05:10.asked. I asked him why he did not file legislation during his first

:05:10. > :05:16.year? He said the standard bearer was not for it. Four years ago, you

:05:16. > :05:20.said in your first year you would file legislation. In his first year

:05:20. > :05:25.or, I was licking my wins from having been beaten by John McCain.

:05:25. > :05:31.My view is as present should have won it is promised to do as he said.

:05:31. > :05:36.Then the mention one other thing. Self- deportation means people can

:05:37. > :05:40.make their own choice. I did not say I would surround up people and

:05:40. > :05:44.take them out of the nation. Instead people should make their

:05:44. > :05:48.own choice. If they cannot get the benefits that they want and they

:05:48. > :05:52.cannot find the job than they will make the decision to go to replace

:05:52. > :05:58.with a big opportunities. I'm not in favour of rounding up people and

:05:58. > :06:02.taking them out of this country. I am in favour, as the President has

:06:02. > :06:06.said, and I agree with them, we have to get them out of the country.

:06:07. > :06:16.Let me mention none other thing the President has said. He was

:06:17. > :06:20.

:06:20. > :06:24.describing Chinese investment. on a second. Governor Romney?

:06:24. > :06:33.Mitt Romney finish. Make it short. All these people have been waiting

:06:33. > :06:39.for you. Any investments made by me over the past four years have been

:06:39. > :06:46.managed by a blind trust. Mr President, have you look to your

:06:46. > :06:51.pension? I do not look at my pension, it is not as big as yours.

:06:51. > :06:56.The let me give you some advice. Look at your pension you have

:06:56. > :07:06.investments and Chinese companies. He had investments through other

:07:06. > :07:08.

:07:08. > :07:18.trusts. We are way off topic here. We are completely off it. Thank you

:07:18. > :07:19.

:07:19. > :07:24.Mitt Romney. I want to make sure we understand something. His Gaia on

:07:24. > :07:31.immigration is the man who designed the Arizona law. That is his policy.

:07:31. > :07:35.It is a bad policy. It will not help us grow. When we think about

:07:35. > :07:41.immigration, we have to understand there are people around the world

:07:41. > :07:47.who still see America as the land of promise. They provide us energy

:07:47. > :07:51.and they provide us innovation. They start companies like Google

:07:51. > :07:57.and we want to encourage that. We have to make sure that we do it in

:07:57. > :08:03.a smart way and a comprehensive way and we make the legal system better.

:08:03. > :08:09.When we make this into a divisive political issue, would we do not a

:08:09. > :08:13.bypass and support, I can deliver a whole lot of Democrats to get

:08:13. > :08:18.Immigration Reform done. We have not seen Republicans serious about

:08:18. > :08:24.this issue at all. It is time for them to get serious. This used to

:08:24. > :08:34.be a bipartisan issue. I want you to talk to this woman who has a

:08:34. > :08:38.

:08:39. > :08:43.switch in topic for us. This question comes from a brain trust

:08:43. > :08:50.of my friends at global telecom. We were sitting around talking about

:08:50. > :08:55.Libya. We were reading and became aware of reports that the State

:08:55. > :09:01.Department refused extra security for embassy in Benghazi prior to

:09:01. > :09:08.the attacks that killed four Americans. Who was at that denied

:09:08. > :09:12.enhanced security and why? Let me talk about our diplomats. They each

:09:12. > :09:17.serve all around the world. They do an incredible job in a very

:09:17. > :09:22.dangerous situation. These are not just represents of the United

:09:22. > :09:27.States, they are my representatives. I send them there. Often into

:09:27. > :09:31.harm's way. I know these folks and their families. Nobody is more

:09:31. > :09:36.concerned about the safety and security than I am. It soon as we

:09:36. > :09:40.found out the Benghazi consulate was being overrun I was on the

:09:40. > :09:45.phone with my national security team and I gave them instructions.

:09:45. > :09:50.Number one was beef up the security and procedures, not just in Libya

:09:50. > :09:55.but every consulate in the region. Number two, investigate what

:09:55. > :10:00.happened. Regardless of what the facts lead us. To make sure people

:10:00. > :10:03.are held accountable and it doesn't happen again. Number three, we are

:10:03. > :10:07.going to find out who did this and we will hunt them down because one

:10:07. > :10:13.of the things I have said throughout my presidency is, when

:10:13. > :10:17.folks mess with Americans we go after them. Mitt Romney had a

:10:17. > :10:23.different response. While we were still dealing with our diplomats

:10:23. > :10:32.being threatened, Mitt Romney put out a press release. Trying to make

:10:32. > :10:35.political points. That is not how I Commander-in-Chief operates. You do

:10:35. > :10:40.not to national security into a political issue. Certainly not

:10:40. > :10:43.right when it is happening. Not everybody agrees with some of the

:10:43. > :10:49.decisions I have made. When it comes to national security I mean

:10:49. > :10:56.what I say. I said I would end the war in Iraq and I did. I said we

:10:56. > :10:59.would go after al-Qaeda and Bin Laden and we have. As it we will

:10:59. > :11:02.transition out of Afghanistan and start making sure Afghans were

:11:02. > :11:08.responsible for their own security and that is what I'm doing. It

:11:08. > :11:13.comes to this issue, when I say we will find out exactly what happened,

:11:13. > :11:18.everybody will be held accountable. I am ultimately responsible for

:11:18. > :11:23.what is taking place because these are my folks and I'm the one who

:11:23. > :11:29.has to greet those coffins when they come home. You know I mean

:11:29. > :11:35.what I say. I will move us a long, Mitt Romney. They're due for your

:11:35. > :11:41.important question. I think the President said that the bark does

:11:41. > :11:45.stop at his desk and he takes responsibility for the failure in

:11:45. > :11:50.providing security resources of. In those terrible things may happen

:11:50. > :11:54.from time to time. I feel deeply unsympathetic for families who lost

:11:54. > :12:00.loved ones. Today there is a memorial service for one of those

:12:00. > :12:06.lost in the tragedy. There were other issues associated with this

:12:06. > :12:09.tragedy. There were many days that passed before we knew whether this

:12:09. > :12:13.was a spontaneous demonstration will were there was a terrorist

:12:13. > :12:18.attack. There was no demonstration involved, there was a terrorist

:12:18. > :12:21.attack. It took a long time for that to be told the American people.

:12:21. > :12:25.Whether that was misleading or whether we did not know what

:12:25. > :12:31.happened, we have to ask ourselves why did we not know five days later

:12:31. > :12:34.when the ambassador at United stations went on TV to say this was

:12:34. > :12:39.a demonstration. How could we not have none. I find a more troubling

:12:39. > :12:44.that on the day following the assassination of United States

:12:44. > :12:47.ambassador, the first time this has happened since 1979 when we head

:12:47. > :12:52.for Americans killed be, and a Pawley we didn't know what happened.

:12:52. > :13:00.The day after that happened, flies to Los Angeles for a political

:13:00. > :13:05.fundraiser. I think these actions taken by a president and leader

:13:05. > :13:09.have symbolic significance. Perhaps even material significance in that

:13:09. > :13:14.you would hope during that time we could call in the people who why

:13:14. > :13:20.Mrs. We have read their accounts of what happened. This was not an

:13:20. > :13:23.demonstration. This was an attack by terrorists. This calls into

:13:23. > :13:27.question the policy of the President in the Middle East. Look

:13:27. > :13:31.what is happening in Syria and Libya. Consider the distance

:13:31. > :13:37.between ourselves and Israel. The President said he would put

:13:37. > :13:44.daylight between ourselves and Israel. We have around closer to a

:13:44. > :13:49.civilians killed by military and a strategically significant player

:13:49. > :13:56.for America that the presidential policies through the Middle East

:13:56. > :14:05.began with an apology and to pursue a strategy of leaving behind and

:14:05. > :14:09.this is unravelling. I want to get some people. I want to ask Barack

:14:09. > :14:13.Obama something. Your Secretary of State has said she takes

:14:13. > :14:19.responsibility for the attack on the diplomatic mission in Benghazi.

:14:19. > :14:24.Does the buck stopped with your Secretary of State? She has done an

:14:25. > :14:29.extraordinary job. She works for me. I am the President. I'm always

:14:29. > :14:36.responsible. That is why nobody is more interested in finding out what

:14:36. > :14:40.happened and I did. The day after the attack, I stood in the rose

:14:40. > :14:46.garden and I told the American people and the world that we will

:14:46. > :14:52.find out what happened. That this was an act of terror, I also said

:14:52. > :14:57.we will hunt down those who committed this crime. A few days

:14:57. > :15:03.later, I was there reading the caskets as they came in at the Air

:15:03. > :15:12.Force Base and grieving with the families. The suggestion that any

:15:13. > :15:17.body in my team, Secretary of State our UN ambassador, any body on my

:15:17. > :15:27.team would play politics or mislead when we lost four of their own,

:15:27. > :15:41.

:15:41. > :15:50.Did it interesting. The President said the day after the attack, he

:15:50. > :15:56.went into the rose garden and said it was an act of terror. It was not

:15:56. > :16:04.a spontaneous demonstration, is that what you are saying? Please

:16:04. > :16:09.proceed, governor. It took the President 14 days to call the

:16:09. > :16:19.attack in Benghazi an act of terror. Can you say that a little louder?

:16:19. > :16:21.

:16:21. > :16:31.He did call it an act of terror. It did take two weeks or so. You are

:16:31. > :16:32.

:16:32. > :16:37.correct. the administration said of this was a spontaneous reaction to

:16:37. > :16:47.the video. It took them a long time to say it was a terrorist act by a

:16:47. > :16:54.terrorist group. Am I correct? The ambassador to the UN went on the

:16:54. > :17:04.Sunday television shows and spoke about the spontaneity. I want to

:17:04. > :17:06.

:17:06. > :17:16.move you on. People can go to the transcript. Standard fare for a

:17:16. > :17:21.

:17:21. > :17:27.second. I want to introduce you to During the Democratic National

:17:27. > :17:32.Convention in 2008, he said you wanted to keep AK- 47 as part of

:17:32. > :17:37.the hands of criminals. What has your administration done or plan to

:17:37. > :17:45.do to limit the availability of assault weapons? We believe in the

:17:45. > :17:49.Second Amendment. So do I. We have a long tradition of hunting,

:17:49. > :17:55.sportsmen, and people who want to make sure they can protect

:17:55. > :18:05.themselves. There have been too many incidents there have had to

:18:05. > :18:08.

:18:08. > :18:13.comfort fam comfort fam lost somebody. A couple of weeks ago, I saw a

:18:13. > :18:22.mother who I met at the dead side of her son who was shot in the

:18:22. > :18:28.field. Her son was shot in the hen. We spent some time. We said a

:18:28. > :18:35.prayer. -- in the head. Two months later, this young man and his

:18:35. > :18:41.mother showed up. He looked unbelievable. Good as new. But

:18:41. > :18:47.there are many families who do not have that good fortune. Their sons,

:18:47. > :18:52.daughters, husbands did not survive. My belief is, we have to enforce

:18:52. > :18:56.the laws we have, make sure we are keeping guns out of the hands of

:18:57. > :19:03.criminals, and those who are mentally ill. We have done a better

:19:03. > :19:10.job in terms of background checks. We have more to do. I share your

:19:10. > :19:15.belief that weapons designed for soldiers war situations do not

:19:15. > :19:23.belong on the streets. I want to get their broader conversation on

:19:23. > :19:29.how to reduce violence generally. Part of it is seeing if we can get

:19:29. > :19:36.weapons banned. Part of it is looking at sources of the violence.

:19:36. > :19:41.There is a lot of violence in my hometown, Chicago. They are using

:19:41. > :19:47.cheap handguns. How do we make sure young people have opportunities.

:19:47. > :19:51.That schools are working. If there is violence on the street, we can

:19:51. > :20:01.catch it before it gets out of control by working with faith

:20:01. > :20:05.

:20:05. > :20:11.We should get weapons out of the hands of criminals and the mentally

:20:11. > :20:19.ill. We should go deeper and see if we can make sure we can catch

:20:19. > :20:24.violence in pulses before they occur. I am not in favour of new

:20:24. > :20:34.pieces of legislation on plants and taking guns away, or making certain

:20:34. > :20:38.

:20:38. > :20:42.guns illegal. We don't want We should make enormous efforts to

:20:42. > :20:52.enforce the gun laws we have and change the culture of violence we

:20:52. > :20:57.have. How do we do that? He mentioned good schools. I agree. We

:20:57. > :21:02.should do a better job in education and it will give people who hope

:21:02. > :21:10.and opportunities they deserve. We should mention parents. Parents

:21:10. > :21:15.raising children. Where it is possible, of the benefit of having

:21:15. > :21:25.two parents in the home. To tell their kids before they have babies,

:21:25. > :21:25.

:21:26. > :21:32.is a great idea. For to my parents in a family, the prospect of

:21:32. > :21:36.poverty decreases dramatically. -- for two parents. We should bring

:21:36. > :21:46.people away from violence and gives an opportunity to bring them into

:21:46. > :21:49.

:21:49. > :21:58.We have a programme under this administration. It is called fast

:21:58. > :22:02.and furious. Thousands of automatic and AK- 47 Cup weapons were given

:22:02. > :22:07.to people related to drug lords. They used for those weapons against

:22:07. > :22:12.their own citizens and killed Americans. This is a programme of

:22:12. > :22:17.the government. I can't imagine for the purpose of the programme. But

:22:17. > :22:27.it is a tragedy related to violence, which occurred during this

:22:27. > :22:30.

:22:30. > :22:35.The administration has prevented the information from coming out. I

:22:35. > :22:39.want to understand who did this and what the idea was, and why it led

:22:39. > :22:44.to violence. Thousands of guns going to Mexican drug lords.

:22:44. > :22:49.question questionult weapons for that once were banned

:22:49. > :22:53.and are no longer banned. I know you signed an assault weapons ban

:22:53. > :23:00.in Massachusetts. With this question, you belong to support

:23:00. > :23:07.that. Given the kind of violence we see with ma see with mave

:23:07. > :23:16.you changed your mind? In my state, the pro guns and antique guns

:23:16. > :23:22.people came together and put together a legislation. They both

:23:22. > :23:28.came together, providing opportunities for both. They were

:23:28. > :23:33.hunting opportunities that were not previously available. It was a

:23:33. > :23:39.mutually agreed upon piece of legislation. We need more of that.

:23:39. > :23:45.Things are in gridlock now. We have not had the leadership in

:23:45. > :23:55.Washington to work at by Patterson faces. I was able to do that in my

:23:55. > :24:10.

:24:10. > :24:16.Governor Romney was for a ban importance of parents and the

:24:16. > :24:22.importance of schools. I believe that if young people have the

:24:22. > :24:32.opportunity, they have less likely to engage in violent acts. We will

:24:32. > :24:38.

:24:38. > :24:45.not animate everyone who is We will make sure people succeed.

:24:45. > :24:54.We did not put a bad education much. It is important to understand the

:24:55. > :25:04.reforms we put in place, where scenes schools succeed. We are

:25:05. > :25:08.

:25:08. > :25:12.We are retraining workers, including done people who have

:25:12. > :25:17.dropped out of school. We are giving them a chance. We are

:25:17. > :25:26.training them for jobs that exist. Employers are looking for skilled

:25:26. > :25:30.workers and we are matching them up, education. We are making sure that

:25:30. > :25:38.millions of young people power getting access to education they

:25:38. > :25:44.cannot get before. We need to move a long. Just one second. This is

:25:44. > :25:49.important. When Governor Romney was asked, whether hiring more teachers

:25:49. > :25:59.was important to growing our economy, he said it does not grow

:25:59. > :25:59.

:25:59. > :26:09.our economy. This topic is related to guns. But this will make a

:26:09. > :26:11.

:26:11. > :26:16.difference on whether or not we move forward. This question is for

:26:16. > :26:22.Governor Romney. The outsourcing of American jobs overseas has taken a

:26:22. > :26:32.toll on our economy. Ford plans to you have to keep jobs in the United

:26:32. > :26:33.

:26:33. > :26:40.We have seen manufacturing jobs go to China. It is now the largest and

:26:40. > :26:46.factoring country in the world. It used to be in America. --

:26:46. > :26:51.manufacturing country. People think it is more attractive to go

:26:51. > :26:57.offshore than to stay here. We have made it less attractive for

:26:57. > :27:05.enterprises to stay here. I want to make it more attractive to come to

:27:05. > :27:12.America again. We should not trickle-down government, taking

:27:12. > :27:17.more company from people and hiring government workers and rising taxes.

:27:17. > :27:22.The trickle down system has not worked here or anywhere. I want

:27:22. > :27:27.America to be attractive for small business and entrepreneurs and big

:27:27. > :27:34.business, to invest and grow in America. As we trade with a

:27:34. > :27:39.nation's, we have to make sure they play by the rules. China has not.

:27:39. > :27:45.They artificially hold down the valley of the currency. It means

:27:45. > :27:49.their prices of goods are of low. It makes them advantageous in the

:27:49. > :27:55.marketplace. We used sales. Manufacturers in the US making the

:27:55. > :28:05.same product cannot compete. China has been a good minute later for

:28:05. > :28:06.

:28:06. > :28:12.years. -- manipulator. I will label China as a currency manipulator

:28:12. > :28:17.from day one. It will allow me as President to put in place tariffs

:28:17. > :28:25.where they are taking and fair advantage of manufacturers. We need

:28:25. > :28:35.to make sure people play by the rules. What is key to bringing back

:28:35. > :28:36.

:28:36. > :28:42.jobs queue is not just finding It is also to make America the most

:28:43. > :28:51.attractive place in the world for businesses of all kind. I want to

:28:51. > :28:59.bring in a small and big employers. Canada's tax rate on companies is

:28:59. > :29:06.15%. Ours is 5%. We have to be competitive if we want to create

:29:06. > :29:12.more jobs. Regulations have quadrupled under this President. I

:29:12. > :29:20.talked to small businesses across the country. They say they feel

:29:20. > :29:25.like they are being under attacked. ObamaCare has been an extraordinary

:29:25. > :29:32.deterrent to enterprises of all kinds hiring people. My priority is

:29:32. > :29:37.making sure people get tired. If we have more people hired, get back

:29:37. > :29:42.manufacturing jobs, all types of jobs, we will see rising income

:29:42. > :29:50.again. Income is down because unemployment is high. I know what

:29:50. > :29:56.it takes to happen. My plan is to make sure China plays by the walls.

:29:56. > :30:01.Mr President, two minutes before we go to the last question. We need to

:30:01. > :30:10.create jobs. Their Governor Romney and I agree we should, corporate

:30:10. > :30:15.tax rates. It is too high. I want to close loopholes. They allow

:30:15. > :30:22.companies to deduct expenses when they moved to China. It allows them

:30:22. > :30:32.to profit offshore. They have tax advantages offshore. All those

:30:32. > :30:44.

:30:44. > :30:49.changes in in back tax codes will If you are a small business or a

:30:49. > :30:59.big business, you have to pay even the reduced rate Governor Romney is

:30:59. > :31:05.

:31:05. > :31:14.talking about. It is estimated that We will create jobs by not just

:31:14. > :31:18.changing the tax code but doubling exports. We want to create tens of

:31:18. > :31:22.thousands of jobs by doubling exports. That is why we are kept on

:31:22. > :31:27.pushing trade deals, trade deals that make sure American workers and

:31:27. > :31:33.American businesses are getting a good deal. Mitt Romney talked about

:31:33. > :31:39.China. As I indicated, in the private sector, Mitt Romney's

:31:39. > :31:44.company invested in pioneers of outsourcing. Not my phrase. What

:31:44. > :31:49.reporters called it. As by his currency manipulation, the currency

:31:49. > :31:52.has gone up 11% since I have been President because we have pushed

:31:52. > :31:57.them hard. We have put unprecedented trade pressure on

:31:57. > :32:04.China. That is why exports have significantly increased under my

:32:04. > :32:12.presidency. That has helped create jobs here. Barack Obama we have

:32:12. > :32:16.time for a quick discussion. I have had and I find, they are all

:32:16. > :32:20.manufactured in China. That is why Labor is cheaper there. How do you

:32:20. > :32:27.convince a great American company to bring the manufacturer and back

:32:27. > :32:32.here? Recant compete with anyone in the world. We can compete with

:32:32. > :32:39.anyone in the world as long as China -- the playing field is level.

:32:39. > :32:42.China has been stealing our intellectual property and it is a

:32:42. > :32:50.counterfeit Apple store selling counterfeit goods. To hack into our

:32:50. > :32:54.computers. We have to have people play on a fair basis. We have to

:32:54. > :33:00.make America the most attractive place for entrepreneurs and people

:33:00. > :33:08.who want to expand the business. The President's characterisation of

:33:08. > :33:14.my tax plan is completely false. let me go to the President. Can we

:33:14. > :33:19.get wages like that? Cannot be sustained here? There are some jobs

:33:19. > :33:23.that will not come back. Because they are low wage low-skilled jobs.

:33:23. > :33:28.We have to emphasise manufacturing and advanced man of factoring. We

:33:28. > :33:32.have to make sure we have the best science and research in the world.

:33:32. > :33:37.When we talk about deficits, if we're adding to a deficit for tax

:33:37. > :33:42.cuts, for people who do not need it and we are cutting investment for

:33:42. > :33:45.research and signs that will create the next Apple. Create the next

:33:45. > :33:50.innovation that will sell products around the world we will lose the

:33:50. > :33:54.race. If we are not training engineers to make sure they are

:33:54. > :33:59.equipped in this country, then companies will not come here. Those

:33:59. > :34:06.investments will help make sure we continue to lead this world economy

:34:06. > :34:12.not just next year but ten years from now. Thank you Mr President.

:34:12. > :34:21.Government does not create jobs. Here is the last question from the

:34:21. > :34:26.audience. This is Barry. It is a tough question. Each of you. What

:34:26. > :34:32.do you believe is the biggest misperception that the American

:34:32. > :34:37.people have about you as a man and a candidate using specific examples,

:34:37. > :34:44.can you take this opportunity to do a bunk that misperception and set

:34:44. > :34:48.us straight? Thank you that is an opportunity for me. In the nature

:34:48. > :34:51.of a campaign, it seems that some campaigners have focused on

:34:51. > :34:55.attacking a person rather than prescribing their own future and

:34:55. > :34:59.the things that like to do. In the course of that the President's

:34:59. > :35:05.campaign has tried to characterise me as someone who is different from

:35:05. > :35:11.who I am. I care about 100% of the American people. A one them to have

:35:11. > :35:17.a prosperous future. I care about our children. I understand what it

:35:17. > :35:23.takes to make a prosperous future for America. I spent my life in the

:35:23. > :35:27.public -- private sector are not government. My passion flowers from

:35:27. > :35:33.the fact I believe in God. I believe we are children of the same

:35:33. > :35:37.God. We have responsibility to care for one another. I served as a

:35:37. > :35:42.missionary for my church. I served as a pastor in my congregation for

:35:42. > :35:46.ten years. I sat across the table from people who are out of work and

:35:46. > :35:52.worked with them to try to find new work. I went to the Olympics, to

:35:52. > :36:00.try to get them on track. As Governor of my state, I was able to

:36:01. > :36:06.get hundred % of my people insured. All my children could get out

:36:06. > :36:11.schools ranked number 1 in the nation. I understand that I can get

:36:11. > :36:17.this country on track again. We do not need to settle for what we're

:36:17. > :36:22.going to. Gasoline at $4. We do not need to settle for unemployment at

:36:22. > :36:26.a chronically high level. We do not want to settle for 47 million

:36:26. > :36:32.people on food stamps. 47% of kids coming out of college not able to

:36:32. > :36:37.get work. 23 million people trying to find a good job. If I'd become

:36:37. > :36:41.President, I will get us on track to a balanced Budget and get us

:36:41. > :36:45.working again. Make sure we reform Medicare and social security to

:36:45. > :36:48.preserve them for coming generations. The President said he

:36:48. > :36:55.would he did not. I will get in comes up and I have done these

:36:55. > :37:01.things. I served as a governor and showed I could get them done.

:37:01. > :37:06.Barack Obama. Last five minutes. think a lot of this campaign has

:37:06. > :37:11.been devoted to this notion that government creates jobs that that

:37:11. > :37:15.his answer. That is not what I believe. I believe the free-

:37:15. > :37:20.enterprise system is the greatest engine of prosperity the world has

:37:20. > :37:29.ever known. I believe and self- reliance. And individual initiative.

:37:29. > :37:34.And risk-takers being rewarded. I fair shot. Everybody should do the

:37:34. > :37:40.Shia and play by the same rules. Because that is how the economy's

:37:40. > :37:43.growth. That is how we built will's greatest middle class. That is part

:37:43. > :37:48.of what is at stake in the selection. A fundamentally

:37:48. > :37:53.different vision about how we move the country forward. I believe

:37:53. > :38:00.governor Romney is a good man. He loves his family, cares about his

:38:00. > :38:06.faith. I also believe that when he said behind closed doors that 40

:38:06. > :38:11.fit 7% of the country consider themselves victims, or refused

:38:11. > :38:16.personal responsibility, think about who he was talking about.

:38:16. > :38:22.Folksong social soup purity have worked all their lives, veterans

:38:22. > :38:27.who sacrificed for this country. Students who were out there trying

:38:27. > :38:33.to advance their own dreams but this country's dreams. Soldiers

:38:33. > :38:40.overseas fighting for us right now. People working hard every day, pain

:38:40. > :38:44.payroll tax and guest access do not make enough income. I want to fight

:38:44. > :38:50.for them. If they succeed, I believe the country succeeds. When

:38:50. > :38:54.my grandfather fought World War II and came back and he got a GI bill

:38:54. > :38:59.that allowed him to go to college, it was not a handout. There was

:38:59. > :39:04.something that advanced the entire country. One to make sure the next

:39:04. > :39:10.generation has those opportunities. I want to vote and I'm asking for

:39:10. > :39:15.another four years. Mitt Romney, Barack Obama thank you. We have

:39:15. > :39:19.come down to the end of this town hall debate. Thank you to the

:39:19. > :39:26.participants for the time. And the people of Hofstra University

:39:26. > :39:32.University. We are live from Long Island New York. The second

:39:32. > :39:42.televised debates from the two candidates for the American

:39:42. > :39:43.

:39:43. > :39:50.election. Barack Obama admitted he perform badly in and debate. With

:39:50. > :39:54.elections in three weeks, this was crucial. We have our correspondent

:39:54. > :39:58.in Washington. It was striking that these two candidates were directly

:39:58. > :40:03.contradicting each other on figures and fax, sometimes toe-to-toe on

:40:03. > :40:08.that stage. Voters can only reach the conclusion of one of those men

:40:08. > :40:14.is not telling the truth. It welcome back to it is most likely

:40:14. > :40:20.they will believe? I think you are correct. They can come to the

:40:20. > :40:25.conclusion, that these men do not like each off of. There was a lot

:40:26. > :40:30.of standing up and each other's body space. Half-a-dozen times they

:40:30. > :40:37.went back and forth over you are lying and I'm the one telling the

:40:37. > :40:42.truth. Voters will find it very difficult, from this for me to get

:40:42. > :40:47.a clear idea of policy proposals for either man because they were

:40:47. > :40:51.interrupting each other so much. When asked questions, often they

:40:51. > :40:56.did not use the questions as an opportunity to explain their own

:40:56. > :41:02.policies as they used them as an opportunity to attack each other.

:41:02. > :41:06.This was a real attack 90 minutes from both candidates. Going after

:41:06. > :41:11.each other's policies in a way that at times got very personal. I

:41:11. > :41:16.wonder how much voters would have liked what they saw on that. What

:41:16. > :41:21.you think voters will make of them individually. This was a much more

:41:21. > :41:28.energetic and more concise Barack Obama. He was scrappy without being

:41:28. > :41:31.aggressive. Mitt Romney was on the ball. He was not friendly and not

:41:31. > :41:36.an ultra-conservative that the Democrats have tried to paint him

:41:37. > :41:40.as. He was pushing the Republika ING line that he should be

:41:40. > :41:48.sympathetic to the President. Giving people who voted for him an

:41:48. > :41:51.excuse not to vote for him because he has tried and failed. My over or

:41:51. > :41:56.takeaway was that Barack Obama performed much better than he did

:41:56. > :42:01.in the debate in Denver. There was no clear winner in this debate and

:42:01. > :42:05.no clear loser as the was on the first presidential debate. Barack

:42:05. > :42:10.Obama did what he needed to do to put an end to the narrative that he

:42:10. > :42:14.is not engaged, that he did not come up with ideas and he did not

:42:14. > :42:20.attack Mitt Romney. Democrats watching social media during the 90

:42:20. > :42:25.minutes were very happy with his performance. He called me from the

:42:25. > :42:31.out when he needed to. He put forward his own policies. He spoke

:42:31. > :42:40.directly to women voters. He defended his administration and a

:42:40. > :42:44.way that he did not do during the first debate. Which was disastrous.

:42:45. > :42:49.Republicans, Mitt Romney held his mind during the debate. He was

:42:49. > :42:55.confident and he went after Barack Obama. At one point he said I have

:42:55. > :42:59.not finished. You can get your answer in a moment. He was not

:42:59. > :43:04.cowered by being on the same stage as the President. He gave a good

:43:04. > :43:09.defence of his own policy positions. In that respect, it will be

:43:09. > :43:15.interesting to see how poll's respond to this debate. Barack

:43:15. > :43:20.Obama did what he needed to do to stop the panic amongst Democrats.

:43:20. > :43:26.How much will it matter that Mitt Romney got himself and a bit of a

:43:26. > :43:31.tangle. Egypt at Barack Obama on his pension, Barack Obama came back

:43:31. > :43:38.with a smart retort and there was a stumbling tangle over what was said

:43:38. > :43:43.when about the fatal attack on the American consulate. We have been

:43:43. > :43:49.talking about the role of political fact checkers. During these debates.

:43:49. > :43:53.At one point the moderator came in and played live fact checker when

:43:53. > :43:59.she said which contradicted Mitt Romney that it took the

:43:59. > :44:06.administration 14 days to say this had been a terror attack in Libya.

:44:06. > :44:11.next day in the rose garden. Mitt Romney said no you didn't. The

:44:11. > :44:15.moderator said he did. He did say it was an act of terror. I did then

:44:15. > :44:21.there was a moment where the Republicans have been preparing for

:44:21. > :44:27.this in the debate, they feel this is somewhere they can paint Mitt

:44:27. > :44:30.Romney as a stronger leader than Barack Obama is for America. If he

:44:30. > :44:37.Comman Commander-in-Chief. They did not

:44:37. > :44:42.play that very well. He fluffed an opportunity. I suspect she will not

:44:42. > :44:47.be hearing as much from the Mitt Romney campaign about Libya. Few

:44:47. > :44:52.light moments during the 90 minutes. As you said, the one that there was