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experience at this kind of format. But the president prefers this | :00:01. | :00:07. | |
format. The President likes having people around. He wanted more | :00:07. | :00:12. | |
people in the room. You can see the crowd and the town hall four mac. | :00:12. | :00:17. | |
Originally the day commission was planning to have 20 people sitting | :00:17. | :00:20. | |
uncomfortable lunches. The White house said that would not do. We | :00:20. | :00:25. | |
like it when the President has surrounded by people. We live shots | :00:25. | :00:29. | |
of him to show people in the background. There have reconfigured | :00:29. | :00:34. | |
the set. Mitt Romney has plenty of expense this year with debating, | :00:34. | :00:39. | |
perhaps that is why he did better in the first debate. Barack Obama | :00:39. | :00:45. | |
has been in this room and this four mac four years ago. He took on John | :00:45. | :00:47. | |
McCain and the Town Hall debate at Hofstra University in this very | :00:47. | :00:52. | |
same room. He's comfortable with the space. There would not be the | :00:52. | :00:57. | |
first time a sitting president has been knocked back in a fierce | :00:57. | :01:00. | |
debate in recover them later debates? They are a certain | :01:00. | :01:05. | |
examples of that. He is that people are talking about most in terms of | :01:05. | :01:13. | |
this debate four mac, one has 2,000., Algol against George bush. | :01:13. | :01:17. | |
He went into the three debates with a five-point lead in the opinion | :01:17. | :01:22. | |
polls, performed very badly in all three debates, specially the town | :01:22. | :01:27. | |
hall debate. Squandered his lead, came out of the debate three points | :01:27. | :01:33. | |
behind, and George bush went on to win the 2,000. Election. That is | :01:33. | :01:39. | |
the nightmare scenario for Democrats. I just spoke to current | :01:39. | :01:42. | |
democratic states are just before coming on me and he said he is very | :01:42. | :01:50. | |
nervous. Because that is the series of debates he is during the | :01:50. | :01:54. | |
parallels from. That is the moderator making her introduction. | :01:54. | :02:00. | |
The economy likely to feature very strongly? We expect to the killing | :02:00. | :02:06. | |
of the US ambassador to Libya to be prominent? I think that will come | :02:06. | :02:11. | |
out. The presidential aides say he makes responsibility for the | :02:11. | :02:15. | |
security situation in Libya. But the economy is very important for | :02:15. | :02:20. | |
these voters. These are 80 undecided local residents call to | :02:21. | :02:25. | |
participate in this town hall meeting. They have submitted the | :02:25. | :02:29. | |
questions to the moderator. She has chosen those questions and they | :02:30. | :02:35. | |
will be a mixture of foreign policy, Libya but predominantly the economy | :02:35. | :02:39. | |
and what Barack Obama has to do is say things are getting better but I | :02:39. | :02:43. | |
understand that they're not as good as I won them to be. Here is Barack | :02:43. | :02:53. | |
:02:53. | :03:13. | ||
Obama taking on Mitt Romney in the Thank you for joining us tonight. | :03:13. | :03:18. | |
lot of folks have been waiting all day to talk to you. Governor Mitt | :03:18. | :03:23. | |
Romney, you won the Toyn cost. The first question will go to you. We | :03:23. | :03:30. | |
will go to a first-time voter. President, as the 20-year-old | :03:30. | :03:34. | |
college student all year from professors and neighbours as the | :03:34. | :03:37. | |
when I graduate I will have little chance to get employment. What can | :03:38. | :03:42. | |
you say to reassure me and my parents I will be up to support us | :03:42. | :03:48. | |
off after a graduate? Thank you, I appreciate your question and thank | :03:48. | :03:54. | |
you to everybody who has come. Thank you to Hofstra University | :03:54. | :03:58. | |
University for organising and leading this event. Thank you | :03:58. | :04:02. | |
Barack Obama for being part of this debate. Your question is one that | :04:02. | :04:07. | |
is being asked by college kids all over this country. In Pennsylvania | :04:07. | :04:12. | |
I was with someone had just graduated. She said, I have my | :04:12. | :04:17. | |
degree, I cannot find a job. I have three part-time jobs. They have | :04:17. | :04:22. | |
barely enough to pay for my food and my apartment I cannot pay back | :04:22. | :04:26. | |
my student loan. We have to make it easier for kids to afford college | :04:26. | :04:30. | |
make sure when they get out of college there is a job. When I was | :04:30. | :04:34. | |
governor of Massachusetts, to get a high-school degree you have to pass | :04:34. | :04:39. | |
an exam. If he graduated in the top quarter of the class we gave you a | :04:39. | :04:44. | |
scholarship. Four years' tuition free at the College of your choice. | :04:44. | :04:50. | |
A one to make sure we keep our grant programme dying. We will also | :04:50. | :04:54. | |
have our loan programme so people can afford school. The key thing is | :04:54. | :04:58. | |
to make sure you can have a job when you get out of school. The | :04:58. | :05:02. | |
last four years have been very hard for the young people of America. I | :05:02. | :05:07. | |
want you to be able to get a job. I know what it takes to get this | :05:07. | :05:13. | |
economy going. With half of college graduates graduating this year, | :05:13. | :05:17. | |
without a college level job that is unacceptable. And you have more | :05:17. | :05:21. | |
debt on your back. More debt and less jobs, I will change that. I | :05:21. | :05:27. | |
know what it takes to create good jobs again. To give you the kind of | :05:27. | :05:30. | |
opportunity you deserve. Kids across this country will recognise | :05:30. | :05:36. | |
you're bringing back an economy. It will not be like the last four | :05:36. | :05:39. | |
years, with a middle class has been crushed. Jobs have been two skis. I | :05:39. | :05:46. | |
know what it needs to bring them back. When you graduate? 2014. I | :05:46. | :05:52. | |
presume I will be President. I'll make sure you get a job. | :05:52. | :05:58. | |
President. Your future is bright. The fact you are making an | :05:58. | :06:02. | |
investment in higher education is critical. Not just you but the | :06:02. | :06:06. | |
entire nation. The most important thing we can do is make sure we are | :06:06. | :06:11. | |
creating jobs in this country, but not just jobs, good paying jobs. | :06:11. | :06:17. | |
Ones that can support a family. I want to build on the 5 million. | :06:17. | :06:21. | |
Jobs were created over the last 30 months and the private sector and | :06:21. | :06:24. | |
there are a bunch of things we can do to make sure your future is | :06:24. | :06:30. | |
bright. Number one, I want to build manufacturing jobs in this country | :06:30. | :06:35. | |
again. When Mitt Romney said we should let Detroit go bankrupt, I | :06:35. | :06:39. | |
said we would bet on American workers and it has come surging | :06:39. | :06:43. | |
back. I want to do that in industries, not just under Troy but | :06:43. | :06:47. | |
across the country. That means we change the tax code so we are | :06:47. | :06:51. | |
giving incentives to companies investing in the United States and | :06:51. | :06:56. | |
creating jobs here. We're helping them in small businesses to export | :06:56. | :07:00. | |
around the world and new markets. Number two, we must make sure we | :07:00. | :07:05. | |
have the best education system in the world. The fact to I don't hop | :07:05. | :07:10. | |
college is great. But I want everybody to get a good education. | :07:10. | :07:13. | |
We have worked hard to make sure student loans are available to | :07:13. | :07:18. | |
people like you. We want to make sure colleges have slots for people | :07:18. | :07:22. | |
to get retrained for jobs out there in the future. Number three, we | :07:22. | :07:28. | |
have to control a wind energy. Not only oil and natural gas but we | :07:28. | :07:32. | |
month to make sure we are building the only G source of the future, | :07:32. | :07:37. | |
not just next year but 20 years from now. That's why we invest in | :07:37. | :07:43. | |
Seoul and wind and bio Fuels, energy-efficient cars. We have to | :07:43. | :07:49. | |
reduce the benefit but do it in a balanced way. Let us take the money | :07:49. | :07:54. | |
we have been spending on war over the last decade to rebuild America. | :07:54. | :08:00. | |
Roads, bridges schools. We do those things, not only will your feature | :08:00. | :08:09. | |
be bright but America's future will be bright. I'm asking you for a | :08:09. | :08:12. | |
more immediate answer Mitt Romney, we are looking at a situation where | :08:12. | :08:17. | |
40% of the unemployed have been unemployed for six months or more. | :08:17. | :08:22. | |
They do not have the two years that Jeremy has. What about the long- | :08:22. | :08:27. | |
term unemployed that need a job just now. 23 million people | :08:27. | :08:32. | |
struggling to find a job. A lot of them have been able out of work for | :08:32. | :08:36. | |
a long time. The presidential policies have been exercised over | :08:36. | :08:40. | |
the last four years may have not bought Americans back to work. We | :08:40. | :08:44. | |
are fewer people with a day than we had when the President will coffers. | :08:44. | :08:53. | |
The unemployment rate was 7.8% when he took office. If we take back the | :08:53. | :08:58. | |
people who dropped out of the work force, we have 10.7 %. We have not | :08:58. | :09:03. | |
made the progress it takes to get people back to work. I have a five- | :09:04. | :09:07. | |
point plan to get America 5 million new jobs and a rise for take-home | :09:07. | :09:12. | |
pay. It will help people across the country who are unemployed right | :09:12. | :09:19. | |
now and how Jeremy get a job and he comes out of school. Barack Obama | :09:19. | :09:27. | |
said we should take Detroit bankrupt. My plan was to get a | :09:27. | :09:32. | |
business to come out stronger and go bankrupt. He keeps saying you | :09:32. | :09:37. | |
want to take Detroit bankrupt. But he took Detroit bankrupt and the | :09:37. | :09:42. | |
top Chrysler bankrupt and he took General Motors bankrupt. He | :09:42. | :09:45. | |
actually did. I think it is important to know that was a | :09:45. | :09:49. | |
process that was necessary to get those companies back on the feet so | :09:49. | :09:53. | |
they could start hiring more people. That was precisely what I recommend | :09:53. | :10:03. | |
it and what happened. What Governor not from the seed is not true. The | :10:03. | :10:07. | |
one to take them into bankruptcy without giving them any way to stay | :10:07. | :10:13. | |
open. We would have lost a million jobs. Take the executive's word for | :10:13. | :10:23. | |
it. They may even support Governor from the some of these executives. | :10:23. | :10:27. | |
Governor Bromley says he has a five-point plan. He has a one. Plan. | :10:27. | :10:31. | |
That plan is to make sure that people at the top play by different | :10:31. | :10:36. | |
set of rules. That has been his philosophy in the private sector, | :10:36. | :10:42. | |
as governor, and as a presidential candidate. He can make a lot of | :10:42. | :10:47. | |
money and pay more tax breaks on somebody makes a lot less. You can | :10:47. | :10:52. | |
shift jobs overseas and get tax breaks for it. You can invest in a | :10:52. | :10:56. | |
company, bankrupt at a strip away the pensions and you still make | :10:56. | :11:01. | |
money. That is exactly the theosophy we have seen in place for | :11:01. | :11:06. | |
the last decade. That is what has been squeezing middle class | :11:06. | :11:09. | |
families. We have fought back for four years to get out of that mess. | :11:09. | :11:14. | |
The last thing we need to do is to go back to the very same policies | :11:14. | :11:24. | |
:11:24. | :11:25. | ||
that got us there. Mitt Romney, plenty of chances to go on. | :11:25. | :11:32. | |
Detroit answer is way off the mark. We will have lots of time to answer | :11:32. | :11:37. | |
on that question. I want you to move on to something connected cars. | :11:37. | :11:47. | |
:11:47. | :11:48. | ||
We want to get a question from this man. Your energy sector, has now | :11:48. | :11:52. | |
been on record three times stating it is not policy of this department | :11:52. | :11:57. | |
to help lower gas prices. Do you agree with the senator that this is | :11:57. | :12:02. | |
not the job of the energy department? The my asked important | :12:02. | :12:08. | |
thing we can do is to make sure we control our own energy. This is | :12:08. | :12:11. | |
what I've done since I have been President. We have increased oil | :12:12. | :12:17. | |
production to the highest levels and 16 years. Natural gas | :12:17. | :12:21. | |
production has the highest it has been in decades. We have seen | :12:21. | :12:26. | |
increases in coal production. And coal employment. What I have also | :12:27. | :12:31. | |
said his we cannot just produce traditional sources of energy, we | :12:31. | :12:36. | |
need to look to the future. That is why we doubled fuel efficiency | :12:36. | :12:44. | |
standards on cars. Next decade, any car you buy, you will go it twice | :12:44. | :12:49. | |
as fast when you use the gas. All these things have contributed to | :12:49. | :12:53. | |
asked lowering our oil imports to the lowest levels in 16 years. I | :12:54. | :13:00. | |
want to build on it. That means we still continue to open up new areas | :13:00. | :13:06. | |
for drilling. Make it a priority for us to go after natural gas. We | :13:06. | :13:11. | |
are potentially 600,000 jobs and 100 years' worth of energy beneath | :13:11. | :13:15. | |
our feet with natural gas. We can do it and an environmentally sound | :13:15. | :13:20. | |
way. Have to continue to find out how we have efficient energy, | :13:20. | :13:27. | |
because that is how we will find out how to reduce demand and he gas | :13:27. | :13:34. | |
prices of. Mitt Romney will say he has a plan but his plan is to let | :13:34. | :13:40. | |
the oil companies write the energy policies. He has got the oil and | :13:40. | :13:45. | |
gas part but he does not have the clean energy park. If we are only | :13:45. | :13:49. | |
thinking about tomorrow and the next day and not thinking about ten | :13:49. | :13:55. | |
years from now, we will not control our own economic future. China, | :13:55. | :13:59. | |
Germany they are making these investments. I will not cede those | :13:59. | :14:04. | |
jobs for the future to these countries. I expect the new energy | :14:04. | :14:08. | |
sources to be built in the United States. That will help Jeremy get a | :14:08. | :14:13. | |
job and it will make sure you are not paying as much for gas. Mitt | :14:13. | :14:19. | |
Romney? Me it does look to the policies of the President as | :14:19. | :14:22. | |
opposed to the rhetoric. We have had for years of policies being | :14:22. | :14:26. | |
played out. In terms of the additional oil production, none of | :14:26. | :14:32. | |
it came on federal land. Oil production is down 14%. Gas | :14:32. | :14:38. | |
production is down 9%. Because the President cut in half the number of | :14:38. | :14:41. | |
licences and premises for drilling on federal land and on federal | :14:41. | :14:46. | |
waters. Whether the increase come from. A lot of that came from a | :14:46. | :14:51. | |
range in North Dakota. The administration border criminal | :14:51. | :14:57. | |
action on the people drilling for oil. This huge new resource we have. | :14:57. | :15:02. | |
What was the cause? 25 birds were killed in a bought out a migratory | :15:02. | :15:09. | |
bird apt to go after them. I want to make sure we use our oil, our | :15:09. | :15:19. | |
:15:19. | :15:23. | ||
If we don't be the President from keeping us to take advantage of | :15:23. | :15:32. | |
coal and gas. Talk to the people in the industry. I was in coal country. | :15:32. | :15:39. | |
People said, please, saved my job. We cannot build a coal plant. It is | :15:39. | :15:44. | |
virtually impossible, given our regulations when the President ran | :15:44. | :15:50. | |
for Office. They said, who will go bankrupt. That is not the right | :15:50. | :15:57. | |
course for America. Let us use the resources and energy we have. If we | :15:57. | :16:02. | |
do what I plan on doing, getting energy independent, North American | :16:03. | :16:07. | |
energy independence within eight years, you will see manufacturing | :16:07. | :16:15. | |
jobs come b jobs come blow cost. We have a bond and energy. I | :16:15. | :16:20. | |
would get North America at energy independent. We will have more | :16:20. | :16:25. | |
permits and licences. We will have pipelines from Canada. The | :16:25. | :16:35. | |
:16:35. | :16:35. | ||
President said no to that. How well their jobs back. But the move to | :16:35. | :16:41. | |
the gist of the question. Tomorrow morning, people will break up and | :16:41. | :16:48. | |
find the price of gas at $4 a gallon. Is it within the purview of | :16:48. | :16:52. | |
the government to bring prices down or are we looking at he knew | :16:53. | :17:00. | |
normal? There is no doubt demand and production has gone up. We are | :17:00. | :17:05. | |
using energy more efficiently. What Governor Romney said is true. We | :17:05. | :17:09. | |
opened up public lands and a drilling more than the previous | :17:09. | :17:18. | |
administration. Natural gas is not just appearing magically. We are | :17:18. | :17:25. | |
encouraged in it and working with the industry. When I hear he say, | :17:25. | :17:30. | |
he is a big coal die, but when he was the governor of Massachusetts, | :17:30. | :17:36. | |
he stood in front of a coal plant and said, this plant kills. He shot | :17:36. | :17:45. | |
it down. Now, he is a champion of coal. I try to be consistent. With | :17:45. | :17:51. | |
respect to call, we invested in clean coal technology. We are | :17:51. | :17:58. | |
producing clean and more coal. Smarter and cleaner. Our oil | :17:58. | :18:03. | |
imports are down to its lowest levels in 20 years. Oil production | :18:03. | :18:09. | |
is up. Natural gas production is up. We are starting to build cars that | :18:09. | :18:15. | |
are more efficient, creating jobs. Those cars can be expect -- | :18:16. | :18:20. | |
exported due to demand. It will save you money. That is the | :18:20. | :18:28. | |
strategy we need. But that has not what you have done in last four | :18:28. | :18:37. | |
years. That is the problem. You could perm it and licences. That is | :18:37. | :18:46. | |
not true. We have produced more oil. This is what we did. There were | :18:46. | :18:56. | |
:18:56. | :18:57. | ||
question. How much did you cut it by? I am happy to answer. He had | :18:57. | :19:03. | |
oil companies. They had leases on public land they were not using. We | :19:03. | :19:11. | |
said, you cannot sit on this for 30 years. And decide when you want to | :19:11. | :19:18. | |
drill and produce. These are public lands. If you want to drill, you | :19:18. | :19:23. | |
use it or you use it. We took away those leases and we are relating | :19:23. | :19:32. | |
them so we can make proffered. corruption on private land is down. | :19:32. | :19:39. | |
Reduction in gas is down 9%. That is not true. It is absolutely true. | :19:39. | :19:46. | |
We have produced more oil and gas and water on federal land. Coal | :19:46. | :19:54. | |
jobs and production are not up. Many people have lost their jobs. I | :19:54. | :20:00. | |
don't think anyone believes that you are a person who will push for | :20:00. | :20:10. | |
:20:10. | :20:10. | ||
oil, gas and coal. I don't believe people think that is the case. I | :20:10. | :20:16. | |
will fight for all coal and natural gas. The proof of whether the | :20:16. | :20:22. | |
strategy is working his from the price. If you are paying less than | :20:22. | :20:32. | |
a year or two, the strategy is working. But it was higher when the | :20:32. | :20:37. | |
President came into office. Electricity prices are up. If the | :20:37. | :20:42. | |
policies are working, the cost of energy will come down. I will fight | :20:42. | :20:47. | |
to create more energy in this country. Part of that is bringing | :20:47. | :20:54. | |
in a pipeline of oil from Canada. Drilling offshore in alas, and the | :20:54. | :20:59. | |
junior. Those things would get us the energy we need. -- Alaska and | :20:59. | :21:09. | |
Could you address what the Governor said? If the energy policy is | :21:09. | :21:15. | |
working, the price of gasoline would not be $4 a gallon. He said | :21:15. | :21:21. | |
when I took Office, the price of gasoline was $1 a T. The economy | :21:21. | :21:27. | |
was on the verge of collapse. We were about to go through a | :21:27. | :21:37. | |
:21:37. | :21:38. | ||
It is conceivable that Governor Romney will bring in those gas | :21:38. | :21:44. | |
prices. We might be in the same first. I want to create an economy | :21:44. | :21:54. | |
:21:54. | :21:57. | ||
-- same mess. We have built enough pipeline to wrap around the entire | :21:57. | :22:05. | |
Earth once. I am all for pipelines and oil production, but not for us | :22:05. | :22:12. | |
ignoring the other half of the equation. Wrongly said these were | :22:12. | :22:20. | |
imaginary jobs. People in Iowa, Colorado, are working, creating | :22:20. | :22:25. | |
wind power with good manufacturing jobs. The Republican senator in | :22:25. | :22:31. | |
fire what is all for it, providing tax press to make this work. | :22:31. | :22:36. | |
Governor Romney says, he is opposed. That is not an energy strategy for | :22:36. | :22:45. | |
the future. I have to move you along. I get the last question and | :22:45. | :22:55. | |
:22:55. | :22:57. | ||
asked answer. I will give you a chance. I promise you. I'd known to | :22:57. | :23:02. | |
want to leave all these guys sitting here. I don't have a policy | :23:02. | :23:09. | |
on stopping wind jobs in higher war. I appreciate those jobs. I | :23:09. | :23:16. | |
appreciate the jobs in coal, oil, gas. Thank you. Energy resources | :23:16. | :23:22. | |
will bring back manufacturing in America. We will get an aggressive | :23:22. | :23:28. | |
energy policy. It is critical to our future. We will give you long | :23:28. | :23:38. | |
:23:38. | :23:46. | ||
to taxes. -- book you along to Governor Romney, you say you will | :23:46. | :23:52. | |
plan to reduce tax rates for all tax brackets. And you will work | :23:52. | :23:55. | |
with the Congress to eliminate reductions to make up for the loss | :23:56. | :24:03. | |
in revenue. Concerning these deductions, the mortgage deduction, | :24:03. | :24:13. | |
:24:13. | :24:16. | ||
the charitable deduction, the child tax credit... You are doing great. | :24:16. | :24:21. | |
The education credit. It is important to me. I have children in | :24:21. | :24:28. | |
college. What are your policies on those things? You are absolutely | :24:28. | :24:33. | |
right. I want to bring the rate down and simplify the tax code, and | :24:33. | :24:42. | |
want to get people to get more taxes. Middle income taxpayers will | :24:42. | :24:52. | |
have no taxes. They have been buried over the last four years. | :24:52. | :24:59. | |
Gasoline prices have gone up $2,000. Health insurance premiums have gone | :24:59. | :25:06. | |
off. Food prices and utility prices have gone up. The middle income | :25:06. | :25:11. | |
families have been crushed in the last four years. How about | :25:11. | :25:16. | |
deductions? I will bring rates down across the board for everyone. I | :25:16. | :25:23. | |
will limit exemptions and credit for people at the high end. They | :25:23. | :25:31. | |
will not play -- pay less than they are paying now. The top 5% will | :25:31. | :25:36. | |
continue to pay the income tax. Middle income people are going to | :25:36. | :25:44. | |
get a tax break. To bring debt reduction, we will say, everyone | :25:44. | :25:49. | |
will get $25,000 in reduction in credit. You can decide which one to | :25:49. | :25:58. | |
use. Home mortgage reduction, charity, child tax. Your rate comes | :25:58. | :26:04. | |
down, and the burden comes down. Every middle income taxpayer no | :26:04. | :26:11. | |
longer will pay any tax on interest, dividends or capital gains. No tax | :26:11. | :26:16. | |
on your savings. It makes life a lot easier. If you are getting | :26:16. | :26:21. | |
interest on a bank, a statement from a mutual fund, don't worry | :26:22. | :26:28. | |
about filing taxes. They will be no taxes for anyone making more than | :26:28. | :26:35. | |
$200,000 a year on dividends and capital gain. Under the last four | :26:35. | :26:40. | |
years, they have been buried and are what to help the middle class. | :26:40. | :26:45. | |
I will not reduce the share that has been paid by the highest income | :26:45. | :26:52. | |
taxpayers. I will not increase taxes for the middle class. The | :26:52. | :26:57. | |
President's spending and borrowing will cause this nation to raise | :26:57. | :27:03. | |
taxes. Not just at the higher end. People in the middle classes C | :27:03. | :27:09. | |
$4,000 a year of higher taxes duty the spending and borrowing of the | :27:09. | :27:15. | |
middle -- administration. I will reduce the tax burden on middle | :27:15. | :27:19. | |
income families. It will help those families and create incentives to | :27:19. | :27:26. | |
start growing jobs again in this country. My philosophy on tax has | :27:26. | :27:32. | |
been simple. I want to give middle class families and folks who are | :27:32. | :27:37. | |
striving to get in the middle class some relief. There has been hit | :27:37. | :27:47. | |
:27:47. | :27:52. | ||
I said awarded to cut tax. That is what I have done. I said I would | :27:52. | :27:59. | |
cut tax for small businesses. We have cut them 18 times. I want to | :27:59. | :28:05. | |
continue those tax cuts for middle class families and for small | :28:05. | :28:12. | |
businesses. If we are serious about reducing deficit, if this is | :28:12. | :28:20. | |
genuinely a moral obligation to the next generation, we need to make | :28:20. | :28:27. | |
sure that the bourse to do a little bit more. Your first $250,000 of | :28:27. | :28:34. | |
income, no change. 98% of American families and small businesses will | :28:34. | :28:40. | |
not see a tax increase. I am ready to sign that be all right now. But | :28:40. | :28:45. | |
Governor Romney's allies in Congress have denied the 98% | :28:45. | :28:54. | |
hostage. They would tax-breaks for the top 2%. Four of 250,000, we can | :28:54. | :29:02. | |
go back to the tax breaks we have That is what took us from deficit | :29:02. | :29:08. | |
to surplus. It is good for the economy and job creation. Governor | :29:08. | :29:14. | |
Romney has a different philosophy. He was on 60 minutes just two weeks | :29:14. | :29:19. | |
ago. He was asked, is it fair for someone like you, making $20 | :29:19. | :29:28. | |
million a year, to pay lower tax rate. He said it was fair. He said | :29:28. | :29:34. | |
that is what grows the economy. I fundamentally disagree. Would Crows | :29:34. | :29:44. | |
:29:44. | :29:44. | ||
the economy is you get tax credit in place, that grows the economy. | :29:44. | :29:53. | |
We make sure small businesses are getting assistance. We have a | :29:53. | :29:57. | |
different theory. When Governor Romney stand here after a year of | :29:57. | :30:03. | |
campaigning, he stood on stage and said I will give tax cuts. He did | :30:03. | :30:10. | |
not say tax rate cuts, but tax cuts, including the top 1%. That has been | :30:10. | :30:16. | |
his history. That is exactly the type of Economics that will not | :30:16. | :30:26. | |
:30:26. | :30:26. | ||
work, if we want a strong middle Governor Romney, you should reply | :30:26. | :30:36. | |
:30:36. | :30:37. | ||
here. My tax plan, the top 5% pay 60%. I am looking to cut taxes for | :30:37. | :30:43. | |
middle-income people. Why do I want to bring rates down at the same | :30:43. | :30:46. | |
time lower exemptions and reductions from people at the high | :30:46. | :30:51. | |
end, if you bring rates down, it makes it easier for small business | :30:51. | :30:56. | |
to keep the capital and hire people. For me, this is about jobs. I want | :30:56. | :31:01. | |
to get the American economy going again. 54% of American workers we | :31:02. | :31:05. | |
can businesses that are taxed as individuals. When you bring those | :31:05. | :31:09. | |
rates down, those small businesses are able to keep more money and | :31:09. | :31:12. | |
hire more people. I look at what has happened in the past four years | :31:12. | :31:16. | |
and say, this has been a disappointment. We can do better. | :31:17. | :31:23. | |
We do not have to settle for 43 months with unemployment above 8%. | :31:23. | :31:28. | |
23 million Americans looking for a job now. Three-and a-half million | :31:28. | :31:32. | |
women living in poverty than when the President took office. We do | :31:32. | :31:38. | |
not have to live like this. We can get this economy going again. My | :31:38. | :31:42. | |
plan does it. Energy independence for North America and five years. | :31:42. | :31:47. | |
Opening up more trade with North America, cracking down on China | :31:47. | :31:51. | |
when a cheat. Training programmes for workers, championing small | :31:51. | :31:56. | |
business. I wonder how small businesses grow and thrive. I know | :31:56. | :32:00. | |
how to make that happen. I spent my life and the private sector. I know | :32:00. | :32:05. | |
why jobs come and why they go. They're going up because of the | :32:05. | :32:09. | |
policy of this administration. need to ask the President about | :32:10. | :32:16. | |
something you said. Mitt Romney says he will not allow the top 5% | :32:16. | :32:20. | |
to have a tax cut, That'll all even out and what he wants to do is give | :32:20. | :32:28. | |
the tax cut to the middle class. Settled? And No It is not settled. | :32:28. | :32:35. | |
The cost of Loring Rake's for everybody, across the board 20% | :32:35. | :32:41. | |
along with what he wants to do in terms of eliminating the state tax, | :32:41. | :32:45. | |
in terms of corporate, changes in the tax code it costs five trillion | :32:45. | :32:52. | |
dollars. Mitt Romney wants to spend two trillion dollars on conditional | :32:52. | :32:56. | |
military programmes even though the military is not asking for. That is | :32:56. | :33:00. | |
seven trillion dollars. He wants to push tax cuts for the wealthiest | :33:00. | :33:06. | |
Americans. That is eight trillion dollars in total. What he sees his | :33:06. | :33:11. | |
he is going to make sure that this does not add to the deficit and he | :33:11. | :33:17. | |
will cut middle class taxes, when he is asked, how would you do it, | :33:17. | :33:21. | |
which deductions which loopholes will you do you cannot tell you. | :33:21. | :33:28. | |
The fact that he only has to pay 14% on his taxes were a lot of you | :33:28. | :33:33. | |
are paying much higher, he is taken that on board, capital gains will | :33:33. | :33:39. | |
continue to be at a lower rate. We will not get money that way. We | :33:39. | :33:43. | |
have not heard from the governor at any specifics beyond Big Bird and | :33:43. | :33:47. | |
eliminating funding for planned Parenthood in terms of how the | :33:47. | :33:54. | |
place for that. Mitt Romney was a very successful investor. If | :33:54. | :33:57. | |
someone came to governor with a plan and said I want to spend seven | :33:57. | :34:03. | |
or eight trillion dollars, we will pay for it, but we cannot tell you | :34:03. | :34:07. | |
until after the election how we will do what, you would not have | :34:07. | :34:12. | |
taken such a sketchy deal. And neither should you, the American | :34:12. | :34:17. | |
people. Because the maths does not add up. What is at stake here is | :34:17. | :34:24. | |
one of two things, this blows out the deficit, because this is just | :34:24. | :34:29. | |
to pay for the additional spending he is talking about, 17 trillion | :34:30. | :34:34. | |
dollars before we get the debt so we already have. Alternatively it | :34:34. | :34:42. | |
has to be paid for, not only by posting reductions for wealthy | :34:42. | :34:47. | |
individuals, you will be paying for it. You will lose some deductions. | :34:47. | :34:52. | |
You cannot buy this sales pitch. Nobody who has looked at it as | :34:52. | :35:00. | |
series believes it adds up. Governor, before we get into a vast | :35:00. | :35:05. | |
array of who says what, if it should not add up, but somehow when | :35:05. | :35:09. | |
you get in her There is not enough tax revenue coming in, but somehow | :35:09. | :35:14. | |
the numbers do not add up, would you be willing to look again at a | :35:14. | :35:23. | |
20%? They do add up. I was someone who ran businesses for 25 years. I | :35:23. | :35:28. | |
balanced the Budget. I ran the Olympics and balance the Budget. | :35:28. | :35:33. | |
Around the state of Massachusetts as a governor and balanced the | :35:33. | :35:37. | |
Budget for four years. When we talk about maths that does not add up | :35:37. | :35:41. | |
how about two trillion dollars and deficits over the last four years. | :35:41. | :35:47. | |
That his manner that does not add up. We have a president talking | :35:47. | :35:51. | |
about his plan in a way that is completely foreign to what my real | :35:51. | :35:57. | |
planners. Then we have his record which is we have four consecutive | :35:57. | :36:00. | |
years will he has said when he was running of this he would cut the | :36:00. | :36:04. | |
deficit in half, unsteady is double whammy. We have gone from 10 | :36:04. | :36:09. | |
trillion dollars of debt to 16 trillion dollars of debt. If the | :36:09. | :36:13. | |
President were re-elected we would go to 20 trillion dollars. This | :36:13. | :36:19. | |
puts us on a road to Greece. I know what it takes to balance budgets. | :36:19. | :36:26. | |
I've done my entire life. It is not a cup because I'm offsetting some | :36:26. | :36:34. | |
of the reductions with holding down similar deductions. I understand, | :36:35. | :36:44. | |
:36:45. | :36:54. | ||
but I will get run up of town. have keeping on track. Barack Obama, | :36:54. | :37:02. | |
this is Katrine Fenton who has a question for you? In what new ways | :37:02. | :37:06. | |
to intend to rectify the inequalities in the workplace. | :37:06. | :37:12. | |
Regarding females making only 72% of what my counterparts earn. | :37:12. | :37:19. | |
great question. I was raised by a single mum. She had put herself | :37:19. | :37:25. | |
through school while looking after two kids. She worked hard every day | :37:25. | :37:30. | |
and a lot of sacrifices to make sure we got everything we needed. A | :37:30. | :37:36. | |
grandmother, she started off as a secretary in a bank. She never got | :37:36. | :37:40. | |
a college education. Even though she was smart is a work. She worked | :37:40. | :37:45. | |
her way out to become vice- president of the bank but she had a | :37:45. | :37:49. | |
glass ceiling. She trained people who would end up becoming her boss | :37:49. | :37:55. | |
was. In the course of her job. She did not complain, that was not what | :37:55. | :38:02. | |
you did in that generation. This is one off of reasons why why the | :38:02. | :38:05. | |
first pill assigned was something called them we Leadbetter bill. It | :38:05. | :38:10. | |
was named after this amazing woman who had been doing the same job as | :38:10. | :38:18. | |
a man for years, found out that she was getting paid less, and the | :38:18. | :38:22. | |
Spring Court -- Supreme Court said she could not bring sued because | :38:22. | :38:27. | |
she had not found about it earlier. So we fix to that. There is an | :38:27. | :38:32. | |
example the kind of advocacy we need. Because women are | :38:33. | :38:37. | |
increasingly the breed winners of the family. This is not just a | :38:37. | :38:40. | |
woman's issue, this is a family issue and a middle class issue. | :38:40. | :38:45. | |
That is why we have to pay for it. It also means we have to make sure | :38:45. | :38:51. | |
that young people like yourself able to afford a college education. | :38:51. | :38:57. | |
Earlier Mitt Romney talked about he wanted to make education accessible | :38:57. | :39:01. | |
for younger people. But we have done that. We have expanded | :39:01. | :39:04. | |
programmes for millions of people including millions of young women | :39:04. | :39:10. | |
across the country. We took $60 billion there was going to banks | :39:10. | :39:14. | |
and lenders as middlemen for the student loan programme and we said | :39:14. | :39:18. | |
let us cut out the middleman and give the money directly to students. | :39:18. | :39:22. | |
As a consequence, millions of young people can afford college. They | :39:22. | :39:26. | |
will make sure young women can compete in the market place. We | :39:26. | :39:30. | |
have to enforce the laws which is what we're doing. We have to make | :39:30. | :39:36. | |
sure that in every walk of life, we do not tolerate discrimination. | :39:36. | :39:40. | |
That has been one of the hallmarks of my administration. I'll continue | :39:40. | :39:49. | |
to push on this issue. Mitt Romney, Pay Equity for women? An important | :39:49. | :39:53. | |
topic and one which I learned a great deal about when I was serving | :39:53. | :39:58. | |
as Governor for my state. At the chance to pull together a Cabinet | :39:58. | :40:02. | |
and all the applicants seemed to be men. And I went to my staff and I | :40:02. | :40:07. | |
said, how come all the people for these jobs are men. He said well | :40:07. | :40:11. | |
they have the qualifications. I see cannot we find some women who are | :40:11. | :40:16. | |
qualified? So we took a concerted effort to go out and find women who | :40:17. | :40:19. | |
had backgrounds that could be qualified to become members of the | :40:19. | :40:24. | |
Cavill. I went to a number of women's groups and asked them to | :40:24. | :40:29. | |
find winners. They found us binders full of women. I was proud of the | :40:29. | :40:34. | |
fact that after I start my Cabinet that the University of New York at | :40:34. | :40:38. | |
Albany did the survey of all 50 states and concluded mine had more | :40:38. | :40:40. | |
women in senior leadership positions than any other state in | :40:41. | :40:45. | |
America. One of the reasons I could get so many good women to be part | :40:45. | :40:48. | |
of the team was because of the recruiting effort. I also | :40:48. | :40:52. | |
recognised if you gonna have Women and the work force only to be more | :40:52. | :40:57. | |
flexible. My chief of staff, she said I cannot be here until seven | :40:57. | :41:02. | |
at night. I have kids at school. Have to get home at five o'clock so | :41:02. | :41:05. | |
I can make dinner for my children and be with them when I get home | :41:05. | :41:12. | |
from school. I said OK let's have a flexible schedule. We will have to | :41:12. | :41:16. | |
have employers in the new economy that I will bring to play that will | :41:16. | :41:21. | |
be so anxious to get good workers, they will be anxious to hire women. | :41:21. | :41:27. | |
And the last four years, women have lost 580,000 jobs. That is what has | :41:27. | :41:34. | |
happened. I mentioned, three-and-a- half million women, more and | :41:34. | :41:38. | |
poverty than four years ago. What we can do to help young women and | :41:38. | :41:43. | |
women of all ages is to have a strong economy, so strong that | :41:43. | :41:46. | |
employers are looking to find good employees and bring them into the | :41:46. | :41:53. | |
workforce. Adapt them to a flexible work schedule that gives them the | :41:53. | :41:56. | |
opportunities they would otherwise not afford. This is what I have | :41:56. | :42:00. | |
done. That is what I look forward to doing and I know what it takes | :42:00. | :42:08. | |
to make an economy work. There are no order working economy looks like. | :42:08. | :42:12. | |
Unemployment 7.8 employment -- unemployment is not a strong | :42:12. | :42:18. | |
economy. An economy with 23 million people looking for work is not a | :42:18. | :42:25. | |
strong economy. An economy with students graduating he cannot find | :42:25. | :42:32. | |
a job as not and a good economy. We have to support women in the | :42:32. | :42:41. | |
workforce. Mr President, can you get on as? I wonder. Out there when | :42:41. | :42:44. | |
Mitt Romney was asked about the lily Leadbeater bill he said I | :42:44. | :42:49. | |
would get at you. That is not the kind of ad this could see we need | :42:49. | :42:55. | |
in any economy. There are issues that have a bearing on how women | :42:55. | :43:00. | |
succeed in the workplace. The first one is healthcare. A major | :43:00. | :43:04. | |
difference in this campaign is that Mitt Romney feels comfortable | :43:04. | :43:08. | |
having politicians in Washington decide the healthcare choices that | :43:08. | :43:14. | |
women are making. I think that is a mistake. And my healthcare bill, I | :43:14. | :43:18. | |
said insurance companies need to provide contraceptive coverage to | :43:18. | :43:24. | |
everybody who is insured. Because this is not just a health issue it | :43:24. | :43:28. | |
is an economic issue for women. It makes a difference. This is money | :43:28. | :43:34. | |
out of the family Pocket. Mitt Romney not only opposed it, he | :43:34. | :43:37. | |
suggested that employers should be able to make the decision as to | :43:37. | :43:42. | |
whether or not a woman gets contraception through insurance | :43:42. | :43:47. | |
coverage. That is not the kind of advocacy women need. When Mitt | :43:47. | :43:52. | |
Romney said we should eliminate funding for planned Parenthood, | :43:52. | :43:57. | |
there are millions of women across the country who rely on planned | :43:57. | :44:01. | |
Parenthood for not just contraceptive care but mammograms, | :44:01. | :44:06. | |
cervical cancer screenings that is a pocketbook issue for women and | :44:06. | :44:11. | |
families all across the country. That makes a difference in terms of | :44:11. | :44:16. | |
how well an effect of the women can work. When we talk about child care, | :44:16. | :44:19. | |
and the credits we are providing, that makes the difference in terms | :44:19. | :44:23. | |
of whether they can go out there and in the living for the family. | :44:23. | :44:29. | |
These are not just women's issues. These are family issues. These at | :44:29. | :44:35. | |
economic issues. One of the things that makes us grow as an economy is | :44:35. | :44:39. | |
when everybody participates and women are given the same deal as | :44:39. | :44:44. | |
men. I have to doctors and I want to make sure they have the same | :44:44. | :44:49. | |
opportunities -- daughters as any body's son's hair. That is part of | :44:49. | :44:56. | |
what I'm working for as part of the United States. This is a question | :44:56. | :45:06. | |
:45:06. | :45:24. | ||
from Susan it is for Mitt Romney. Since both you and President Bush | :45:24. | :45:30. | |
are both Republicans, I fear the returns of all policies if you win | :45:30. | :45:36. | |
this election. What is the biggest difference between new and George W | :45:36. | :45:41. | |
Bush and how the different ship herself from him? Thank you. I | :45:41. | :45:51. | |
:45:51. | :46:02. | ||
appreciate that question. Thes The timekeepers are all working. | :46:02. | :46:07. | |
Use these two minutes. The question is on the floor. I don't believe | :46:07. | :46:11. | |
bureaucrat in Washington should tell someone whether they should | :46:11. | :46:20. | |
use contraceptives or not. Every woman in America should have access. | :46:20. | :46:25. | |
The President's statement and one policy is totally wrong. Let me | :46:25. | :46:30. | |
answer your question. President Bush and I are different people and | :46:30. | :46:37. | |
these are different kinds. My five- point plan is different. We can, by | :46:37. | :46:41. | |
virtue of new technology, get the energy we need in North America | :46:41. | :46:48. | |
without having to go to the Venezuelans or Arabs. We start with | :46:49. | :46:56. | |
a robust policy. We will become energy independent. I would crack | :46:56. | :47:02. | |
down on China. President Bush did not. And we will expand into Latin | :47:02. | :47:07. | |
America in terms of trade. I want to add more free trade agreements. | :47:07. | :47:13. | |
I would get us to a balanced budget. President Bush did not. President | :47:13. | :47:18. | |
Obama was right. It was outrageous to have deficits as high as | :47:18. | :47:22. | |
trillions of dollars. He was right. But then he put it in deficit twice | :47:22. | :47:32. | |
:47:32. | :47:35. | ||
that size. It will be forecast for the next four years. Championing | :47:35. | :47:40. | |
small businesses. Our party has been focusing on big businesses for | :47:40. | :47:45. | |
too long. I came from small business. I understand how hard it | :47:45. | :47:51. | |
is. I will help small businesses grew and their jobs. I will keep | :47:51. | :47:56. | |
their taxes down. Far want regulators to see their jobs as | :47:56. | :48:06. | |
:48:06. | :48:07. | ||
encouraging small enterprise, not When you talk to small businesses | :48:07. | :48:14. | |
and ask what they think about the ObamaCare, it keeps them from | :48:14. | :48:19. | |
having the people. President Bush had a different path for a | :48:19. | :48:25. | |
different time. Bypass is designed to get small businesses to grow. -- | :48:25. | :48:35. | |
:48:35. | :48:37. | ||
It is important to tell you that we came in during tough times. We were | :48:37. | :48:43. | |
losing 800,000 jobs a month when I start up. We have been digging our | :48:43. | :48:50. | |
way out of policies that were misplaced and focused on the top. | :48:50. | :48:56. | |
We have seen 30 consecutive months of job loss. Five. 2 million new | :48:56. | :49:02. | |
jobs were created. The plans I talked about will create even more. | :49:02. | :49:07. | |
When Governor Romney says he has different economic plans, the | :49:07. | :49:12. | |
centrepiece of his plans are tax cuts. That is what took us from | :49:12. | :49:19. | |
surplus to deficit. When he talks about getting on top of China, keep | :49:19. | :49:25. | |
in mind, Governor Romney invested in companies that were pioneers of | :49:25. | :49:31. | |
outsourcing to China. He is currently investing in countries, | :49:31. | :49:37. | |
in companies, building surveillance equipment for China to spy on their | :49:37. | :49:41. | |
own people. Governor, you are the last person to get tough on China. | :49:41. | :49:47. | |
But it comes to trade, we will not only signed a new trade deals to | :49:47. | :49:53. | |
open up new markets, but we will go after anyone taking advantage of | :49:53. | :49:59. | |
American workers and businesses. The broad twice as many cases | :49:59. | :50:05. | |
against unfair trading practices than the previous administration. | :50:05. | :50:15. | |
:50:15. | :50:20. | ||
When I said I wanted to protect our tyres, from China, Governor Romney | :50:21. | :50:30. | |
said I was being protectionist. But that was required. There are some | :50:30. | :50:34. | |
things where Governor Romney is different from George W Bush. He | :50:34. | :50:40. | |
did not propose to turn Medicare into a voucher. He embraced | :50:40. | :50:43. | |
comprehensive immigration reform. He did not call for self | :50:43. | :50:50. | |
deportation. George W Bush never suggest that we eliminate planned | :50:50. | :50:55. | |
Parenthood. There are differences between Governor Romney and George | :50:55. | :51:01. | |
W Bush but not on economic policies. In some way, he has gone to an even | :51:01. | :51:09. | |
more extreme place when it comes to social policy. That is a mistake. | :51:09. | :51:15. | |
For the next question, it is similar. I will call on Michael | :51:15. | :51:25. | |
:51:25. | :51:31. | ||
Mr President, I voted for you in 2008. I am not that optimistic as I | :51:31. | :51:37. | |
was. Most things I need for everyday living are expensive. | :51:37. | :51:44. | |
have gone through a tough four years. Four years ago, I said I | :51:44. | :51:50. | |
would cut -- cut taxes for middle class families. I did. I said I | :51:50. | :51:55. | |
would cut taxes for small businesses. I have. I said we would | :51:55. | :52:03. | |
end the war in Iraq. I did. We have gone after Al-Qaeda's leadership. | :52:03. | :52:09. | |
Osama Bin Laden is dead. I said we will put in place healthcare reform | :52:09. | :52:16. | |
to make sure insurance companies cannot check your around. -- jerk | :52:16. | :52:22. | |
you around. I said I would rein in the excess of Wall Street. We have | :52:22. | :52:28. | |
passed the toughest Wall Street reforms since the 30s. We have | :52:28. | :52:36. | |
created five million jobs. We are making progress. We saved the | :52:36. | :52:43. | |
automobile industry. Does that mean you are not struggling. No. Many of | :52:43. | :52:48. | |
us are. That is why the plan I have put in for manufacturing, education | :52:48. | :52:55. | |
and reducing deficit is sensible. We are saving -- ending wars and | :52:55. | :53:02. | |
putting people back to work. We are controlling our own energy of today | :53:02. | :53:09. | |
and the future. The commitments I have made, I have kept. Those I | :53:09. | :53:14. | |
have not been able to keep, it is not for lack of trying. We will get | :53:14. | :53:19. | |
them done in the second term. Pay attention to this campaign. | :53:19. | :53:23. | |
Governor Romney has made commitments as well. He will keep | :53:23. | :53:31. | |
those as well. When Republicans say, we will sign a no tax pledge so we | :53:31. | :53:37. | |
don't ask a dime from people to reduce the deficit to invest in | :53:37. | :53:47. | |
:53:47. | :53:49. | ||
education and help kids go to college, he fooled me to. -- he | :53:49. | :53:59. | |
:53:59. | :54:06. | ||
That is not the kind of leadership you need. You expect that those | :54:06. | :54:10. | |
promises other types he will keep. His promises will be more likely to | :54:10. | :54:14. | |
help you in your life and make sure your kids go to college and make | :54:14. | :54:24. | |
:54:24. | :54:27. | ||
sure you are getting a good paid I think you know better. These last | :54:27. | :54:34. | |
four queues have not been good. He did feel like you are confident the | :54:34. | :54:39. | |
next four years and will be better. If you let Obama, you are going to | :54:39. | :54:46. | |
get a repeat. We cannot afford four used like the last four years. He | :54:46. | :54:54. | |
said we have unemployment at 5.4%. The difference is 9 million | :54:54. | :55:01. | |
Americans without work. I was not the one he said 5.4%. This was the | :55:01. | :55:06. | |
President's plan. He said he had, by now, put forward a plan to | :55:06. | :55:14. | |
reform Medicare and social security. He would get that done. He has not | :55:14. | :55:19. | |
even made a proposal on either one. He said he would put up an | :55:19. | :55:23. | |
immigration plan and deal with immigration challenges. He did not | :55:23. | :55:28. | |
even file it. He has not been able to do what he was able to do. He | :55:28. | :55:34. | |
said he would cut the deficit, he had not even done it either. He had | :55:34. | :55:39. | |
doubled it. He said middle income families would have a reduction in | :55:39. | :55:48. | |
health insurance premiums. It has gone up. If ObamaCare is passed or | :55:48. | :55:58. | |
:55:58. | :56:02. | ||
implemented, it will be another 200 He keeps saying, I created five | :56:02. | :56:07. | |
million jobs, but that is after losing five million jobs. The | :56:07. | :56:12. | |
unemployment has not been reduced. The number of people still looking | :56:12. | :56:18. | |
for work is still 23 million Americans. There are more people in, | :56:18. | :56:26. | |
-- poverty. What about food stamps? Today, 40 million people on food | :56:26. | :56:31. | |
stamps. What about the growth of the economy? It is growing more | :56:31. | :56:39. | |
slowly this year and last year. And slower than that here before. He | :56:39. | :56:45. | |
want to do well. But the policies he has put in place, including | :56:45. | :56:55. | |
ObamaCare, these policies combined have not led this economy to grow. | :56:55. | :57:05. | |
:57:05. | :57:05. | ||
In the Reagan recession, unemployment hit 10.8%, but the | :57:05. | :57:12. | |
recovery created twice as many jobs. Five million jobs does not keep up | :57:12. | :57:17. | |
with our population growth. The unemployment rate since law today | :57:17. | :57:24. | |
because the people who have dropped out of the workforce. The | :57:24. | :57:30. | |
President's policies have not work. He is great as a Speaker and | :57:30. | :57:35. | |
describing his plan. But we have a record to look at. It shows he has | :57:35. | :57:42. | |
not been able to speak -- cut the deficit and put the reforms into | :57:42. | :57:49. | |
place to get the rising in comes. The median income has decreased. | :57:49. | :57:54. | |
Millions are out of work. This is what the election is about. Who can | :57:54. | :58:01. | |
get the middle class in this family a bright and prosperous future? | :58:01. | :58:09. | |
Don't go away. We are aware of the clock. I'll want to bring in a | :58:09. | :58:17. | |
different subject. We have a question about ectopic not heard of | :58:17. | :58:27. | |
:58:27. | :58:34. | ||
Romney, what do you plan on doing with immigrants without their green | :58:34. | :58:41. | |
cards that are living here as productive members of society? | :58:41. | :58:51. | |
:58:51. | :58:53. | ||
Thank you for your question. This is a nation of immigrants. We | :58:53. | :58:58. | |
welcome people coming into this country. My father was born in | :58:58. | :59:04. | |
Mexico. His father was born in Wales. We welcome legal immigrants. | :59:04. | :59:09. | |
I want our legal system to work better. I want it to be streamlined | :59:09. | :59:14. | |
and clear run. You should not hire a lawyer to figure out how to get | :59:14. | :59:19. | |
in this country legally. We should give green cards to people who | :59:19. | :59:23. | |
graduate with skills we need. People around the world with | :59:23. | :59:27. | |
accredited degrees will get a green card stapled to the diploma and | :59:27. | :59:33. | |
come to the country. We will have to stop illegal immigration. There | :59:33. | :59:38. | |
are 4 million people waiting in line to get here legally. Those who | :59:38. | :59:45. | |
have come here illegally... I will not grant them amnesty. I'll put in | :59:45. | :59:49. | |
place and employment verification system and make sure employers hire | :59:49. | :59:56. | |
people will be sanctioned -- employers who hire people here | :59:56. | :00:01. | |
illegally will be sanctioned. Illegal immigrants will not get | :00:01. | :00:06. | |
driver's licence. The children of illegal immigrants should have led | :00:06. | :00:16. | |
halfway to become a permanent resident. -- should have a pathway. | :00:16. | :00:21. | |
When the President ran for Office, he said he put in place a | :00:21. | :00:26. | |
legislation, a bill. It would reform our immigration system and | :00:26. | :00:32. | |
protect legal in -- legal immigration and stop illegal | :00:32. | :00:42. | |
:00:42. | :00:56. | ||
immigration. He did not do it. Why I've looked forward to it. We are a | :00:56. | :01:05. | |
nation of immigrants. We were a few miles away from our silent. We | :01:05. | :01:08. | |
understand what this country has become because talent from all | :01:08. | :01:13. | |
around the world wants to come here. People want to take risks. People | :01:13. | :01:17. | |
who want to build on dreams and make sure kids have bigger dreams | :01:17. | :01:25. | |
than they have. We are also a nation of loss. We need to fix a | :01:26. | :01:30. | |
broken immigration system. I have done everything I can on my own and | :01:30. | :01:34. | |
sought co-operation from Congress to make sure we fix the system. The | :01:34. | :01:38. | |
first thing we did was streamline the illegal immigration system to | :01:38. | :01:42. | |
reduce the backlog and make it easier and cheaper for people | :01:42. | :01:45. | |
waiting in line, obeying the law to make sure they could come here and | :01:45. | :01:50. | |
contribute to the country. That is good for the economic growth. They | :01:50. | :01:52. | |
will start new businesses. They will make things happen to create | :01:52. | :01:57. | |
jobs and the United States. Number two, we have to deal with our | :01:57. | :02:03. | |
border, we put more border control on than any time in history and the | :02:03. | :02:08. | |
flow of a undocumented people across the border is lower than it | :02:08. | :02:12. | |
has been in 40 years. If we're going to go after illegal | :02:12. | :02:18. | |
immigrants, we should do it smartly and go after folk to a criminals. | :02:18. | :02:22. | |
People who were hit in the community. Not after students or | :02:22. | :02:25. | |
folks who were here because they try and figure out how to feed | :02:26. | :02:30. | |
families. That is what we have done. I have also said that for young | :02:30. | :02:36. | |
people who come here, Portia by the parents often times, have gone to | :02:36. | :02:41. | |
school here and pledged allegiance to the flag, think of this as their | :02:41. | :02:47. | |
country. Understand themselves as Americans. We should make sure we | :02:47. | :02:51. | |
give them a pathway to citizenship after giving them papers. That is | :02:51. | :02:55. | |
what I've done administrator plea. Mitt Romney has said he wants to | :02:55. | :03:01. | |
help those people to but during the Republican primary said he would | :03:01. | :03:06. | |
veto the act which would allow people to have access. His main | :03:06. | :03:10. | |
strategy during the Republican primary was to say we will | :03:10. | :03:16. | |
encourage self- deportation. Making light so miserable on folks that | :03:16. | :03:20. | |
they will leave. He called the Arizona law a model for the nation. | :03:20. | :03:25. | |
It said that law-enforcement officers could stop folks because | :03:25. | :03:29. | |
suspected it looked they could be a undocumented workers. And check the | :03:29. | :03:38. | |
papers. If my daughter, or yours, looks to some body like they are | :03:38. | :03:47. | |
not a citizen, I do not want to empower somebody like that. We can | :03:47. | :03:52. | |
fix this system, in a comprehensive way and when Governor Romney says | :03:52. | :03:58. | |
the challenge it is he did not try, it is not true. I sat down with | :03:58. | :04:01. | |
Democrats and Republicans at the beginning of my term and I said | :04:02. | :04:06. | |
let's fix this system including senators who reported on the | :04:06. | :04:12. | |
Republican side. It is very hard for Republicans in Congress to | :04:12. | :04:14. | |
support comprehensive immigration reform of the standard bearer has | :04:14. | :04:19. | |
said that this is not something I'm interested in supporting. It may | :04:19. | :04:26. | |
get Mitt Romney. Speaker the idea of self- deportation? Let me go | :04:26. | :04:29. | |
back and speak to the point the President made and let's get them | :04:29. | :04:36. | |
correct. I did not say the Arizona law was a model for the nation. I | :04:36. | :04:40. | |
said there are five portion of the Arizona law which is a portion of | :04:40. | :04:43. | |
the law which says that employers should be able to determine whether | :04:43. | :04:47. | |
someone is there illegally or not fully believe was a model for the | :04:47. | :04:52. | |
nation. Number two, ousted President a question. I think his | :04:52. | :04:57. | |
ban acts and in aggressions -- immigrant flow of the nation has | :04:57. | :05:02. | |
asked. I asked him why he did not file legislation during his first | :05:03. | :05:10. | |
year? He said the standard bearer was not for it. Four years ago, you | :05:10. | :05:16. | |
said in your first year you would file legislation. In his first year | :05:16. | :05:20. | |
or, I was licking my wins from having been beaten by John McCain. | :05:20. | :05:25. | |
My view is as present should have won it is promised to do as he said. | :05:25. | :05:31. | |
Then the mention one other thing. Self- deportation means people can | :05:31. | :05:36. | |
make their own choice. I did not say I would surround up people and | :05:37. | :05:40. | |
take them out of the nation. Instead people should make their | :05:40. | :05:44. | |
own choice. If they cannot get the benefits that they want and they | :05:44. | :05:48. | |
cannot find the job than they will make the decision to go to replace | :05:48. | :05:52. | |
with a big opportunities. I'm not in favour of rounding up people and | :05:52. | :05:58. | |
taking them out of this country. I am in favour, as the President has | :05:58. | :06:02. | |
said, and I agree with them, we have to get them out of the country. | :06:02. | :06:06. | |
Let me mention none other thing the President has said. He was | :06:07. | :06:16. | |
:06:17. | :06:20. | ||
describing Chinese investment. on a second. Governor Romney? | :06:20. | :06:24. | |
Mitt Romney finish. Make it short. All these people have been waiting | :06:24. | :06:33. | |
for you. Any investments made by me over the past four years have been | :06:33. | :06:39. | |
managed by a blind trust. Mr President, have you look to your | :06:39. | :06:46. | |
pension? I do not look at my pension, it is not as big as yours. | :06:46. | :06:51. | |
The let me give you some advice. Look at your pension you have | :06:51. | :06:56. | |
investments and Chinese companies. He had investments through other | :06:56. | :07:06. | |
:07:06. | :07:08. | ||
trusts. We are way off topic here. We are completely off it. Thank you | :07:08. | :07:18. | |
:07:18. | :07:19. | ||
Mitt Romney. I want to make sure we understand something. His Gaia on | :07:19. | :07:24. | |
immigration is the man who designed the Arizona law. That is his policy. | :07:24. | :07:31. | |
It is a bad policy. It will not help us grow. When we think about | :07:31. | :07:35. | |
immigration, we have to understand there are people around the world | :07:35. | :07:41. | |
who still see America as the land of promise. They provide us energy | :07:41. | :07:47. | |
and they provide us innovation. They start companies like Google | :07:47. | :07:51. | |
and we want to encourage that. We have to make sure that we do it in | :07:51. | :07:57. | |
a smart way and a comprehensive way and we make the legal system better. | :07:57. | :08:03. | |
When we make this into a divisive political issue, would we do not a | :08:03. | :08:09. | |
bypass and support, I can deliver a whole lot of Democrats to get | :08:09. | :08:13. | |
Immigration Reform done. We have not seen Republicans serious about | :08:13. | :08:18. | |
this issue at all. It is time for them to get serious. This used to | :08:18. | :08:24. | |
be a bipartisan issue. I want you to talk to this woman who has a | :08:24. | :08:34. | |
:08:34. | :08:38. | ||
switch in topic for us. This question comes from a brain trust | :08:39. | :08:43. | |
of my friends at global telecom. We were sitting around talking about | :08:43. | :08:50. | |
Libya. We were reading and became aware of reports that the State | :08:50. | :08:55. | |
Department refused extra security for embassy in Benghazi prior to | :08:55. | :09:01. | |
the attacks that killed four Americans. Who was at that denied | :09:01. | :09:08. | |
enhanced security and why? Let me talk about our diplomats. They each | :09:08. | :09:12. | |
serve all around the world. They do an incredible job in a very | :09:12. | :09:17. | |
dangerous situation. These are not just represents of the United | :09:17. | :09:22. | |
States, they are my representatives. I send them there. Often into | :09:22. | :09:27. | |
harm's way. I know these folks and their families. Nobody is more | :09:27. | :09:31. | |
concerned about the safety and security than I am. It soon as we | :09:31. | :09:36. | |
found out the Benghazi consulate was being overrun I was on the | :09:36. | :09:40. | |
phone with my national security team and I gave them instructions. | :09:40. | :09:45. | |
Number one was beef up the security and procedures, not just in Libya | :09:45. | :09:50. | |
but every consulate in the region. Number two, investigate what | :09:50. | :09:55. | |
happened. Regardless of what the facts lead us. To make sure people | :09:55. | :10:00. | |
are held accountable and it doesn't happen again. Number three, we are | :10:00. | :10:03. | |
going to find out who did this and we will hunt them down because one | :10:03. | :10:07. | |
of the things I have said throughout my presidency is, when | :10:07. | :10:13. | |
folks mess with Americans we go after them. Mitt Romney had a | :10:13. | :10:17. | |
different response. While we were still dealing with our diplomats | :10:17. | :10:23. | |
being threatened, Mitt Romney put out a press release. Trying to make | :10:23. | :10:32. | |
political points. That is not how I Commander-in-Chief operates. You do | :10:32. | :10:35. | |
not to national security into a political issue. Certainly not | :10:35. | :10:40. | |
right when it is happening. Not everybody agrees with some of the | :10:40. | :10:43. | |
decisions I have made. When it comes to national security I mean | :10:43. | :10:49. | |
what I say. I said I would end the war in Iraq and I did. I said we | :10:49. | :10:56. | |
would go after al-Qaeda and Bin Laden and we have. As it we will | :10:56. | :10:59. | |
transition out of Afghanistan and start making sure Afghans were | :10:59. | :11:02. | |
responsible for their own security and that is what I'm doing. It | :11:02. | :11:08. | |
comes to this issue, when I say we will find out exactly what happened, | :11:08. | :11:13. | |
everybody will be held accountable. I am ultimately responsible for | :11:13. | :11:18. | |
what is taking place because these are my folks and I'm the one who | :11:18. | :11:23. | |
has to greet those coffins when they come home. You know I mean | :11:23. | :11:29. | |
what I say. I will move us a long, Mitt Romney. They're due for your | :11:29. | :11:35. | |
important question. I think the President said that the bark does | :11:35. | :11:41. | |
stop at his desk and he takes responsibility for the failure in | :11:41. | :11:45. | |
providing security resources of. In those terrible things may happen | :11:45. | :11:50. | |
from time to time. I feel deeply unsympathetic for families who lost | :11:50. | :11:54. | |
loved ones. Today there is a memorial service for one of those | :11:54. | :12:00. | |
lost in the tragedy. There were other issues associated with this | :12:00. | :12:06. | |
tragedy. There were many days that passed before we knew whether this | :12:06. | :12:09. | |
was a spontaneous demonstration will were there was a terrorist | :12:09. | :12:13. | |
attack. There was no demonstration involved, there was a terrorist | :12:13. | :12:18. | |
attack. It took a long time for that to be told the American people. | :12:18. | :12:21. | |
Whether that was misleading or whether we did not know what | :12:21. | :12:25. | |
happened, we have to ask ourselves why did we not know five days later | :12:25. | :12:31. | |
when the ambassador at United stations went on TV to say this was | :12:31. | :12:34. | |
a demonstration. How could we not have none. I find a more troubling | :12:34. | :12:39. | |
that on the day following the assassination of United States | :12:39. | :12:44. | |
ambassador, the first time this has happened since 1979 when we head | :12:44. | :12:47. | |
for Americans killed be, and a Pawley we didn't know what happened. | :12:47. | :12:52. | |
The day after that happened, flies to Los Angeles for a political | :12:52. | :13:00. | |
fundraiser. I think these actions taken by a president and leader | :13:00. | :13:05. | |
have symbolic significance. Perhaps even material significance in that | :13:05. | :13:09. | |
you would hope during that time we could call in the people who why | :13:09. | :13:14. | |
Mrs. We have read their accounts of what happened. This was not an | :13:14. | :13:20. | |
demonstration. This was an attack by terrorists. This calls into | :13:20. | :13:23. | |
question the policy of the President in the Middle East. Look | :13:23. | :13:27. | |
what is happening in Syria and Libya. Consider the distance | :13:27. | :13:31. | |
between ourselves and Israel. The President said he would put | :13:31. | :13:37. | |
daylight between ourselves and Israel. We have around closer to a | :13:37. | :13:44. | |
civilians killed by military and a strategically significant player | :13:44. | :13:49. | |
for America that the presidential policies through the Middle East | :13:49. | :13:56. | |
began with an apology and to pursue a strategy of leaving behind and | :13:56. | :14:05. | |
this is unravelling. I want to get some people. I want to ask Barack | :14:05. | :14:09. | |
Obama something. Your Secretary of State has said she takes | :14:09. | :14:13. | |
responsibility for the attack on the diplomatic mission in Benghazi. | :14:13. | :14:19. | |
Does the buck stopped with your Secretary of State? She has done an | :14:19. | :14:24. | |
extraordinary job. She works for me. I am the President. I'm always | :14:25. | :14:29. | |
responsible. That is why nobody is more interested in finding out what | :14:29. | :14:36. | |
happened and I did. The day after the attack, I stood in the rose | :14:36. | :14:40. | |
garden and I told the American people and the world that we will | :14:40. | :14:46. | |
find out what happened. That this was an act of terror, I also said | :14:46. | :14:52. | |
we will hunt down those who committed this crime. A few days | :14:52. | :14:57. | |
later, I was there reading the caskets as they came in at the Air | :14:57. | :15:03. | |
Force Base and grieving with the families. The suggestion that any | :15:03. | :15:12. | |
body in my team, Secretary of State our UN ambassador, any body on my | :15:13. | :15:17. | |
team would play politics or mislead when we lost four of their own, | :15:17. | :15:27. | |
:15:27. | :15:41. | ||
Did it interesting. The President said the day after the attack, he | :15:41. | :15:50. | |
went into the rose garden and said it was an act of terror. It was not | :15:50. | :15:56. | |
a spontaneous demonstration, is that what you are saying? Please | :15:56. | :16:04. | |
proceed, governor. It took the President 14 days to call the | :16:04. | :16:09. | |
attack in Benghazi an act of terror. Can you say that a little louder? | :16:09. | :16:19. | |
:16:19. | :16:21. | ||
He did call it an act of terror. It did take two weeks or so. You are | :16:21. | :16:31. | |
:16:31. | :16:32. | ||
correct. the administration said of this was a spontaneous reaction to | :16:32. | :16:37. | |
the video. It took them a long time to say it was a terrorist act by a | :16:37. | :16:47. | |
terrorist group. Am I correct? The ambassador to the UN went on the | :16:47. | :16:54. | |
Sunday television shows and spoke about the spontaneity. I want to | :16:54. | :17:04. | |
:17:04. | :17:06. | ||
move you on. People can go to the transcript. Standard fare for a | :17:06. | :17:16. | |
:17:16. | :17:21. | ||
second. I want to introduce you to During the Democratic National | :17:21. | :17:27. | |
Convention in 2008, he said you wanted to keep AK- 47 as part of | :17:27. | :17:32. | |
the hands of criminals. What has your administration done or plan to | :17:32. | :17:37. | |
do to limit the availability of assault weapons? We believe in the | :17:37. | :17:45. | |
Second Amendment. So do I. We have a long tradition of hunting, | :17:45. | :17:49. | |
sportsmen, and people who want to make sure they can protect | :17:49. | :17:55. | |
themselves. There have been too many incidents there have had to | :17:55. | :18:05. | |
:18:05. | :18:08. | ||
comfort fam comfort fam lost somebody. A couple of weeks ago, I saw a | :18:08. | :18:13. | |
mother who I met at the dead side of her son who was shot in the | :18:13. | :18:22. | |
field. Her son was shot in the hen. We spent some time. We said a | :18:22. | :18:28. | |
prayer. -- in the head. Two months later, this young man and his | :18:28. | :18:35. | |
mother showed up. He looked unbelievable. Good as new. But | :18:35. | :18:41. | |
there are many families who do not have that good fortune. Their sons, | :18:41. | :18:47. | |
daughters, husbands did not survive. My belief is, we have to enforce | :18:47. | :18:52. | |
the laws we have, make sure we are keeping guns out of the hands of | :18:52. | :18:56. | |
criminals, and those who are mentally ill. We have done a better | :18:57. | :19:03. | |
job in terms of background checks. We have more to do. I share your | :19:03. | :19:10. | |
belief that weapons designed for soldiers war situations do not | :19:10. | :19:15. | |
belong on the streets. I want to get their broader conversation on | :19:15. | :19:23. | |
how to reduce violence generally. Part of it is seeing if we can get | :19:23. | :19:29. | |
weapons banned. Part of it is looking at sources of the violence. | :19:29. | :19:36. | |
There is a lot of violence in my hometown, Chicago. They are using | :19:36. | :19:41. | |
cheap handguns. How do we make sure young people have opportunities. | :19:41. | :19:47. | |
That schools are working. If there is violence on the street, we can | :19:47. | :19:51. | |
catch it before it gets out of control by working with faith | :19:51. | :20:01. | |
:20:01. | :20:05. | ||
We should get weapons out of the hands of criminals and the mentally | :20:05. | :20:11. | |
ill. We should go deeper and see if we can make sure we can catch | :20:11. | :20:19. | |
violence in pulses before they occur. I am not in favour of new | :20:19. | :20:24. | |
pieces of legislation on plants and taking guns away, or making certain | :20:24. | :20:34. | |
:20:34. | :20:38. | ||
guns illegal. We don't want We should make enormous efforts to | :20:38. | :20:42. | |
enforce the gun laws we have and change the culture of violence we | :20:42. | :20:52. | |
have. How do we do that? He mentioned good schools. I agree. We | :20:52. | :20:57. | |
should do a better job in education and it will give people who hope | :20:57. | :21:02. | |
and opportunities they deserve. We should mention parents. Parents | :21:02. | :21:10. | |
raising children. Where it is possible, of the benefit of having | :21:10. | :21:15. | |
two parents in the home. To tell their kids before they have babies, | :21:15. | :21:25. | |
:21:25. | :21:25. | ||
is a great idea. For to my parents in a family, the prospect of | :21:26. | :21:32. | |
poverty decreases dramatically. -- for two parents. We should bring | :21:32. | :21:36. | |
people away from violence and gives an opportunity to bring them into | :21:36. | :21:46. | |
:21:46. | :21:49. | ||
We have a programme under this administration. It is called fast | :21:49. | :21:58. | |
and furious. Thousands of automatic and AK- 47 Cup weapons were given | :21:58. | :22:02. | |
to people related to drug lords. They used for those weapons against | :22:02. | :22:07. | |
their own citizens and killed Americans. This is a programme of | :22:07. | :22:12. | |
the government. I can't imagine for the purpose of the programme. But | :22:12. | :22:17. | |
it is a tragedy related to violence, which occurred during this | :22:17. | :22:27. | |
:22:27. | :22:30. | ||
The administration has prevented the information from coming out. I | :22:30. | :22:35. | |
want to understand who did this and what the idea was, and why it led | :22:35. | :22:39. | |
to violence. Thousands of guns going to Mexican drug lords. | :22:39. | :22:44. | |
question questionult weapons for that once were banned | :22:44. | :22:49. | |
and are no longer banned. I know you signed an assault weapons ban | :22:49. | :22:53. | |
in Massachusetts. With this question, you belong to support | :22:53. | :23:00. | |
that. Given the kind of violence we see with ma see with mave | :23:00. | :23:07. | |
you changed your mind? In my state, the pro guns and antique guns | :23:07. | :23:16. | |
people came together and put together a legislation. They both | :23:16. | :23:22. | |
came together, providing opportunities for both. They were | :23:22. | :23:28. | |
hunting opportunities that were not previously available. It was a | :23:28. | :23:33. | |
mutually agreed upon piece of legislation. We need more of that. | :23:33. | :23:39. | |
Things are in gridlock now. We have not had the leadership in | :23:39. | :23:45. | |
Washington to work at by Patterson faces. I was able to do that in my | :23:45. | :23:55. | |
:23:55. | :24:10. | ||
Governor Romney was for a ban importance of parents and the | :24:10. | :24:16. | |
importance of schools. I believe that if young people have the | :24:16. | :24:22. | |
opportunity, they have less likely to engage in violent acts. We will | :24:22. | :24:32. | |
:24:32. | :24:38. | ||
not animate everyone who is We will make sure people succeed. | :24:38. | :24:45. | |
We did not put a bad education much. It is important to understand the | :24:45. | :24:54. | |
reforms we put in place, where scenes schools succeed. We are | :24:55. | :25:04. | |
:25:05. | :25:08. | ||
We are retraining workers, including done people who have | :25:08. | :25:12. | |
dropped out of school. We are giving them a chance. We are | :25:12. | :25:17. | |
training them for jobs that exist. Employers are looking for skilled | :25:17. | :25:26. | |
workers and we are matching them up, education. We are making sure that | :25:26. | :25:30. | |
millions of young people power getting access to education they | :25:30. | :25:38. | |
cannot get before. We need to move a long. Just one second. This is | :25:38. | :25:44. | |
important. When Governor Romney was asked, whether hiring more teachers | :25:44. | :25:49. | |
was important to growing our economy, he said it does not grow | :25:49. | :25:59. | |
:25:59. | :25:59. | ||
our economy. This topic is related to guns. But this will make a | :25:59. | :26:09. | |
:26:09. | :26:11. | ||
difference on whether or not we move forward. This question is for | :26:11. | :26:16. | |
Governor Romney. The outsourcing of American jobs overseas has taken a | :26:16. | :26:22. | |
toll on our economy. Ford plans to you have to keep jobs in the United | :26:22. | :26:32. | |
:26:32. | :26:33. | ||
We have seen manufacturing jobs go to China. It is now the largest and | :26:33. | :26:40. | |
factoring country in the world. It used to be in America. -- | :26:40. | :26:46. | |
manufacturing country. People think it is more attractive to go | :26:46. | :26:51. | |
offshore than to stay here. We have made it less attractive for | :26:51. | :26:57. | |
enterprises to stay here. I want to make it more attractive to come to | :26:57. | :27:05. | |
America again. We should not trickle-down government, taking | :27:05. | :27:12. | |
more company from people and hiring government workers and rising taxes. | :27:12. | :27:17. | |
The trickle down system has not worked here or anywhere. I want | :27:17. | :27:22. | |
America to be attractive for small business and entrepreneurs and big | :27:22. | :27:27. | |
business, to invest and grow in America. As we trade with a | :27:27. | :27:34. | |
nation's, we have to make sure they play by the rules. China has not. | :27:34. | :27:39. | |
They artificially hold down the valley of the currency. It means | :27:39. | :27:45. | |
their prices of goods are of low. It makes them advantageous in the | :27:45. | :27:49. | |
marketplace. We used sales. Manufacturers in the US making the | :27:49. | :27:55. | |
same product cannot compete. China has been a good minute later for | :27:55. | :28:05. | |
:28:05. | :28:06. | ||
years. -- manipulator. I will label China as a currency manipulator | :28:06. | :28:12. | |
from day one. It will allow me as President to put in place tariffs | :28:12. | :28:17. | |
where they are taking and fair advantage of manufacturers. We need | :28:17. | :28:25. | |
to make sure people play by the rules. What is key to bringing back | :28:25. | :28:35. | |
:28:35. | :28:36. | ||
jobs queue is not just finding It is also to make America the most | :28:36. | :28:42. | |
attractive place in the world for businesses of all kind. I want to | :28:43. | :28:51. | |
bring in a small and big employers. Canada's tax rate on companies is | :28:51. | :28:59. | |
15%. Ours is 5%. We have to be competitive if we want to create | :28:59. | :29:06. | |
more jobs. Regulations have quadrupled under this President. I | :29:06. | :29:12. | |
talked to small businesses across the country. They say they feel | :29:12. | :29:20. | |
like they are being under attacked. ObamaCare has been an extraordinary | :29:20. | :29:25. | |
deterrent to enterprises of all kinds hiring people. My priority is | :29:25. | :29:32. | |
making sure people get tired. If we have more people hired, get back | :29:32. | :29:37. | |
manufacturing jobs, all types of jobs, we will see rising income | :29:37. | :29:42. | |
again. Income is down because unemployment is high. I know what | :29:42. | :29:50. | |
it takes to happen. My plan is to make sure China plays by the walls. | :29:50. | :29:56. | |
Mr President, two minutes before we go to the last question. We need to | :29:56. | :30:01. | |
create jobs. Their Governor Romney and I agree we should, corporate | :30:01. | :30:10. | |
tax rates. It is too high. I want to close loopholes. They allow | :30:10. | :30:15. | |
companies to deduct expenses when they moved to China. It allows them | :30:15. | :30:22. | |
to profit offshore. They have tax advantages offshore. All those | :30:22. | :30:32. | |
:30:32. | :30:44. | ||
changes in in back tax codes will If you are a small business or a | :30:44. | :30:49. | |
big business, you have to pay even the reduced rate Governor Romney is | :30:49. | :30:59. | |
:30:59. | :31:05. | ||
talking about. It is estimated that We will create jobs by not just | :31:05. | :31:14. | |
changing the tax code but doubling exports. We want to create tens of | :31:14. | :31:18. | |
thousands of jobs by doubling exports. That is why we are kept on | :31:18. | :31:22. | |
pushing trade deals, trade deals that make sure American workers and | :31:22. | :31:27. | |
American businesses are getting a good deal. Mitt Romney talked about | :31:27. | :31:33. | |
China. As I indicated, in the private sector, Mitt Romney's | :31:33. | :31:39. | |
company invested in pioneers of outsourcing. Not my phrase. What | :31:39. | :31:44. | |
reporters called it. As by his currency manipulation, the currency | :31:44. | :31:49. | |
has gone up 11% since I have been President because we have pushed | :31:49. | :31:52. | |
them hard. We have put unprecedented trade pressure on | :31:52. | :31:57. | |
China. That is why exports have significantly increased under my | :31:57. | :32:04. | |
presidency. That has helped create jobs here. Barack Obama we have | :32:04. | :32:12. | |
time for a quick discussion. I have had and I find, they are all | :32:12. | :32:16. | |
manufactured in China. That is why Labor is cheaper there. How do you | :32:16. | :32:20. | |
convince a great American company to bring the manufacturer and back | :32:20. | :32:27. | |
here? Recant compete with anyone in the world. We can compete with | :32:27. | :32:32. | |
anyone in the world as long as China -- the playing field is level. | :32:32. | :32:39. | |
China has been stealing our intellectual property and it is a | :32:39. | :32:42. | |
counterfeit Apple store selling counterfeit goods. To hack into our | :32:42. | :32:50. | |
computers. We have to have people play on a fair basis. We have to | :32:50. | :32:54. | |
make America the most attractive place for entrepreneurs and people | :32:54. | :33:00. | |
who want to expand the business. The President's characterisation of | :33:00. | :33:08. | |
my tax plan is completely false. let me go to the President. Can we | :33:08. | :33:14. | |
get wages like that? Cannot be sustained here? There are some jobs | :33:14. | :33:19. | |
that will not come back. Because they are low wage low-skilled jobs. | :33:19. | :33:23. | |
We have to emphasise manufacturing and advanced man of factoring. We | :33:23. | :33:28. | |
have to make sure we have the best science and research in the world. | :33:28. | :33:32. | |
When we talk about deficits, if we're adding to a deficit for tax | :33:32. | :33:37. | |
cuts, for people who do not need it and we are cutting investment for | :33:37. | :33:42. | |
research and signs that will create the next Apple. Create the next | :33:42. | :33:45. | |
innovation that will sell products around the world we will lose the | :33:45. | :33:50. | |
race. If we are not training engineers to make sure they are | :33:50. | :33:54. | |
equipped in this country, then companies will not come here. Those | :33:54. | :33:59. | |
investments will help make sure we continue to lead this world economy | :33:59. | :34:06. | |
not just next year but ten years from now. Thank you Mr President. | :34:06. | :34:12. | |
Government does not create jobs. Here is the last question from the | :34:12. | :34:21. | |
audience. This is Barry. It is a tough question. Each of you. What | :34:21. | :34:26. | |
do you believe is the biggest misperception that the American | :34:26. | :34:32. | |
people have about you as a man and a candidate using specific examples, | :34:32. | :34:37. | |
can you take this opportunity to do a bunk that misperception and set | :34:37. | :34:44. | |
us straight? Thank you that is an opportunity for me. In the nature | :34:44. | :34:48. | |
of a campaign, it seems that some campaigners have focused on | :34:48. | :34:51. | |
attacking a person rather than prescribing their own future and | :34:51. | :34:55. | |
the things that like to do. In the course of that the President's | :34:55. | :34:59. | |
campaign has tried to characterise me as someone who is different from | :34:59. | :35:05. | |
who I am. I care about 100% of the American people. A one them to have | :35:05. | :35:11. | |
a prosperous future. I care about our children. I understand what it | :35:11. | :35:17. | |
takes to make a prosperous future for America. I spent my life in the | :35:17. | :35:23. | |
public -- private sector are not government. My passion flowers from | :35:23. | :35:27. | |
the fact I believe in God. I believe we are children of the same | :35:27. | :35:33. | |
God. We have responsibility to care for one another. I served as a | :35:33. | :35:37. | |
missionary for my church. I served as a pastor in my congregation for | :35:37. | :35:42. | |
ten years. I sat across the table from people who are out of work and | :35:42. | :35:46. | |
worked with them to try to find new work. I went to the Olympics, to | :35:46. | :35:52. | |
try to get them on track. As Governor of my state, I was able to | :35:52. | :36:00. | |
get hundred % of my people insured. All my children could get out | :36:01. | :36:06. | |
schools ranked number 1 in the nation. I understand that I can get | :36:06. | :36:11. | |
this country on track again. We do not need to settle for what we're | :36:11. | :36:17. | |
going to. Gasoline at $4. We do not need to settle for unemployment at | :36:17. | :36:22. | |
a chronically high level. We do not want to settle for 47 million | :36:22. | :36:26. | |
people on food stamps. 47% of kids coming out of college not able to | :36:26. | :36:32. | |
get work. 23 million people trying to find a good job. If I'd become | :36:32. | :36:37. | |
President, I will get us on track to a balanced Budget and get us | :36:37. | :36:41. | |
working again. Make sure we reform Medicare and social security to | :36:41. | :36:45. | |
preserve them for coming generations. The President said he | :36:45. | :36:48. | |
would he did not. I will get in comes up and I have done these | :36:48. | :36:55. | |
things. I served as a governor and showed I could get them done. | :36:55. | :37:01. | |
Barack Obama. Last five minutes. think a lot of this campaign has | :37:01. | :37:06. | |
been devoted to this notion that government creates jobs that that | :37:06. | :37:11. | |
his answer. That is not what I believe. I believe the free- | :37:11. | :37:15. | |
enterprise system is the greatest engine of prosperity the world has | :37:15. | :37:20. | |
ever known. I believe and self- reliance. And individual initiative. | :37:20. | :37:29. | |
And risk-takers being rewarded. I fair shot. Everybody should do the | :37:29. | :37:34. | |
Shia and play by the same rules. Because that is how the economy's | :37:34. | :37:40. | |
growth. That is how we built will's greatest middle class. That is part | :37:40. | :37:43. | |
of what is at stake in the selection. A fundamentally | :37:43. | :37:48. | |
different vision about how we move the country forward. I believe | :37:48. | :37:53. | |
governor Romney is a good man. He loves his family, cares about his | :37:53. | :38:00. | |
faith. I also believe that when he said behind closed doors that 40 | :38:00. | :38:06. | |
fit 7% of the country consider themselves victims, or refused | :38:06. | :38:11. | |
personal responsibility, think about who he was talking about. | :38:11. | :38:16. | |
Folksong social soup purity have worked all their lives, veterans | :38:16. | :38:22. | |
who sacrificed for this country. Students who were out there trying | :38:22. | :38:27. | |
to advance their own dreams but this country's dreams. Soldiers | :38:27. | :38:33. | |
overseas fighting for us right now. People working hard every day, pain | :38:33. | :38:40. | |
payroll tax and guest access do not make enough income. I want to fight | :38:40. | :38:44. | |
for them. If they succeed, I believe the country succeeds. When | :38:44. | :38:50. | |
my grandfather fought World War II and came back and he got a GI bill | :38:50. | :38:54. | |
that allowed him to go to college, it was not a handout. There was | :38:54. | :38:59. | |
something that advanced the entire country. One to make sure the next | :38:59. | :39:04. | |
generation has those opportunities. I want to vote and I'm asking for | :39:04. | :39:10. | |
another four years. Mitt Romney, Barack Obama thank you. We have | :39:10. | :39:15. | |
come down to the end of this town hall debate. Thank you to the | :39:15. | :39:19. | |
participants for the time. And the people of Hofstra University | :39:19. | :39:26. | |
University. We are live from Long Island New York. The second | :39:26. | :39:32. | |
televised debates from the two candidates for the American | :39:32. | :39:42. | |
:39:42. | :39:43. | ||
election. Barack Obama admitted he perform badly in and debate. With | :39:43. | :39:50. | |
elections in three weeks, this was crucial. We have our correspondent | :39:50. | :39:54. | |
in Washington. It was striking that these two candidates were directly | :39:54. | :39:58. | |
contradicting each other on figures and fax, sometimes toe-to-toe on | :39:58. | :40:03. | |
that stage. Voters can only reach the conclusion of one of those men | :40:03. | :40:08. | |
is not telling the truth. It welcome back to it is most likely | :40:08. | :40:14. | |
they will believe? I think you are correct. They can come to the | :40:14. | :40:20. | |
conclusion, that these men do not like each off of. There was a lot | :40:20. | :40:25. | |
of standing up and each other's body space. Half-a-dozen times they | :40:26. | :40:30. | |
went back and forth over you are lying and I'm the one telling the | :40:30. | :40:37. | |
truth. Voters will find it very difficult, from this for me to get | :40:37. | :40:42. | |
a clear idea of policy proposals for either man because they were | :40:42. | :40:47. | |
interrupting each other so much. When asked questions, often they | :40:47. | :40:51. | |
did not use the questions as an opportunity to explain their own | :40:51. | :40:56. | |
policies as they used them as an opportunity to attack each other. | :40:56. | :41:02. | |
This was a real attack 90 minutes from both candidates. Going after | :41:02. | :41:06. | |
each other's policies in a way that at times got very personal. I | :41:06. | :41:11. | |
wonder how much voters would have liked what they saw on that. What | :41:11. | :41:16. | |
you think voters will make of them individually. This was a much more | :41:16. | :41:21. | |
energetic and more concise Barack Obama. He was scrappy without being | :41:21. | :41:28. | |
aggressive. Mitt Romney was on the ball. He was not friendly and not | :41:28. | :41:31. | |
an ultra-conservative that the Democrats have tried to paint him | :41:31. | :41:36. | |
as. He was pushing the Republika ING line that he should be | :41:37. | :41:40. | |
sympathetic to the President. Giving people who voted for him an | :41:40. | :41:48. | |
excuse not to vote for him because he has tried and failed. My over or | :41:48. | :41:51. | |
takeaway was that Barack Obama performed much better than he did | :41:51. | :41:56. | |
in the debate in Denver. There was no clear winner in this debate and | :41:56. | :42:01. | |
no clear loser as the was on the first presidential debate. Barack | :42:01. | :42:05. | |
Obama did what he needed to do to put an end to the narrative that he | :42:05. | :42:10. | |
is not engaged, that he did not come up with ideas and he did not | :42:10. | :42:14. | |
attack Mitt Romney. Democrats watching social media during the 90 | :42:14. | :42:20. | |
minutes were very happy with his performance. He called me from the | :42:20. | :42:25. | |
out when he needed to. He put forward his own policies. He spoke | :42:25. | :42:31. | |
directly to women voters. He defended his administration and a | :42:31. | :42:40. | |
way that he did not do during the first debate. Which was disastrous. | :42:40. | :42:44. | |
Republicans, Mitt Romney held his mind during the debate. He was | :42:45. | :42:49. | |
confident and he went after Barack Obama. At one point he said I have | :42:49. | :42:55. | |
not finished. You can get your answer in a moment. He was not | :42:55. | :42:59. | |
cowered by being on the same stage as the President. He gave a good | :42:59. | :43:04. | |
defence of his own policy positions. In that respect, it will be | :43:04. | :43:09. | |
interesting to see how poll's respond to this debate. Barack | :43:09. | :43:15. | |
Obama did what he needed to do to stop the panic amongst Democrats. | :43:15. | :43:20. | |
How much will it matter that Mitt Romney got himself and a bit of a | :43:20. | :43:26. | |
tangle. Egypt at Barack Obama on his pension, Barack Obama came back | :43:26. | :43:31. | |
with a smart retort and there was a stumbling tangle over what was said | :43:31. | :43:38. | |
when about the fatal attack on the American consulate. We have been | :43:38. | :43:43. | |
talking about the role of political fact checkers. During these debates. | :43:43. | :43:49. | |
At one point the moderator came in and played live fact checker when | :43:49. | :43:53. | |
she said which contradicted Mitt Romney that it took the | :43:53. | :43:59. | |
administration 14 days to say this had been a terror attack in Libya. | :43:59. | :44:06. | |
next day in the rose garden. Mitt Romney said no you didn't. The | :44:06. | :44:11. | |
moderator said he did. He did say it was an act of terror. I did then | :44:11. | :44:15. | |
there was a moment where the Republicans have been preparing for | :44:15. | :44:21. | |
this in the debate, they feel this is somewhere they can paint Mitt | :44:21. | :44:27. | |
Romney as a stronger leader than Barack Obama is for America. If he | :44:27. | :44:30. | |
Comman Commander-in-Chief. They did not | :44:30. | :44:37. | |
play that very well. He fluffed an opportunity. I suspect she will not | :44:37. | :44:42. | |
be hearing as much from the Mitt Romney campaign about Libya. Few | :44:42. | :44:47. | |
light moments during the 90 minutes. As you said, the one that there was | :44:47. | :44:52. |