US Presidential Debate

:00:02. > :00:12.Cold Arctic air flooding in from the North accompanied by chilly

:00:12. > :00:25.

:00:26. > :00:29.Welcome. In just a few minutes, it will bring you the third and final

:00:29. > :00:39.live televised debate between the two candidates for the presidency

:00:39. > :00:43.of the US. It is coming from a university in Florida. It will be

:00:43. > :00:49.moderated by a veteran journalist. It will be focused on foreign

:00:49. > :00:56.policy. Each candidate will outline how they think the US should act

:00:56. > :01:02.abroad. It is a 90-minute debate. And 615 minutes segments. The

:01:02. > :01:10.topics are: America's role in the world, the country's longest war it

:01:10. > :01:17.- Afghanistan, Pakistan, Israel and Iran, the changing Middle East, the

:01:17. > :01:22.new face of terrorism, and the rise of China.

:01:22. > :01:28.This is your fourth US presidential election campaign. You know how

:01:28. > :01:34.this works. Foreign policy does not figure into the top five of most

:01:34. > :01:39.voters' concerns. The economy is at the top. But people do care about

:01:39. > :01:45.the character of their Commander- in-Chief. They did. The American

:01:45. > :01:49.President is an elected official. He is the ceremonial head of state.

:01:49. > :01:54.He is the Commander-in-Chief. They want to know that the person who is

:01:54. > :01:58.leading the world's largest military is a strong, decisive,

:01:58. > :02:05.clear in what his vision is for America. That is what Barack Obama

:02:05. > :02:10.is going to try and save. He will say this is what I have achieved in

:02:10. > :02:15.deep four years. He was the guy that got a Osama Bin Laden. It has

:02:15. > :02:21.given him the lead in the polls when it comes to national security.

:02:21. > :02:25.Mitt Romney's job is to say that he is not as strong as he should be.

:02:25. > :02:29.He has apologised to foreign leaders. You're thinking about

:02:29. > :02:33.cutting defence payments. And that he would make a stronger and more

:02:33. > :02:38.decisive Commander-in-Chief. Those are the battle lines in which that

:02:38. > :02:44.debate will be fought. The words pivotal and crucial are being used

:02:44. > :02:49.in the media about this debate. You would not normally hear about that.

:02:49. > :02:55.The first one transformed Mitt Romney's campaign. Tiny slips can

:02:55. > :03:00.matter. They can give momentum or plant it. Before the Oyster Bay

:03:00. > :03:04.season, I probably would have said you that presidential debates do

:03:04. > :03:09.not sway opinion polls very much. They did not have much impact on

:03:09. > :03:17.how the election turns out. The last when that people talk about is

:03:17. > :03:23.the 1980 debate between President Carter and Ronald Reagan. This year,

:03:23. > :03:29.it has been different. That first debate was seen as critical. Up

:03:29. > :03:33.until then, Barack Obama had been ahead in the polls. He gave a bad

:03:33. > :03:38.performance during the first debate in Denver. Since then, Mitt Romney

:03:38. > :03:42.has been closing in all of the polls. The National and the

:03:42. > :03:48.important swing state polls. It is a year where debates are really

:03:48. > :03:52.have mattered. They have had record high audiences. Even though it is

:03:52. > :03:56.about foreign policies and most Americans say they are interested

:03:56. > :04:01.in the state of the economy, we are expecting a big viewing audience.

:04:01. > :04:05.You have raised this question in much of your coverage. This

:04:05. > :04:11.campaign has been going on for two years. Many people have already

:04:11. > :04:18.voted. Despite our talk of these few swing states, you have to

:04:18. > :04:22.wonder how many undecided voters there can be. It seems remarkable.

:04:22. > :04:27.We have had an election campaign for at least two years with that

:04:27. > :04:31.really long primary season. We had hundreds of millions of dollars

:04:31. > :04:36.spent on television advertising which the poor people in the swing

:04:36. > :04:40.states have seen ad nauseam. But some people have not made their

:04:40. > :04:46.minds up. Will this be the moment? Would this be the 90 minutes to

:04:46. > :04:55.give them a decision? Or will they just be ticking a box at the toss

:04:55. > :05:01.of a coroner at the very end? There are still some undecided voters.

:05:01. > :05:06.These men will be trying to win those voters over. There are only

:05:07. > :05:12.eight or nine states which will decide this election. The majority

:05:12. > :05:19.of the people have already committed. There is a very fair and

:05:19. > :05:29.a sliver of people within those debates. A very tiny proportion of

:05:29. > :05:32.Just waiting for the two can do dates to come out. Just briefly,

:05:32. > :05:35.you would generally think that a sitting president would have the

:05:35. > :05:42.edge in a foreign policy debate, but really, there is a lot to play

:05:42. > :05:48.for. That is the interest. who got Osama Bin Laden. How many

:05:48. > :05:51.times holiday do he him say that tonight. That is his trump card.

:05:51. > :06:01.Here we go. Barack Obama and Mitt Romney for their final presidential

:06:01. > :06:19.

:06:19. > :06:23.Gentlemen, your campaigns have agreed to certain rules and they

:06:23. > :06:28.are simple. They have asked me to divide the evening into segments.

:06:28. > :06:30.By will pose a question at the beginning of each segment. You will

:06:30. > :06:37.each have two minutes to respond and then we will have a general

:06:37. > :06:41.discussion until we move to the next segment. Tonight's debate

:06:41. > :06:47.comes on the 50th anniversary of the night President Kennedy told

:06:47. > :06:51.the world that the Soviet government had installed nuclear

:06:51. > :06:56.missiles in Cuba. It was the closest we have ever come to

:06:56. > :07:01.nuclear war. It is a sobering reminder that every President faces

:07:01. > :07:05.an unexpected threat to our national security from abroad. The

:07:05. > :07:10.first segment is a challenge of a changing Middle East and the new

:07:10. > :07:16.face of terrorism. I will put this into two segments. You'll have to

:07:16. > :07:25.top the questions within the one segment. -- two topic questions.

:07:25. > :07:31.The first question concerns Libya. The controversy over what happened

:07:31. > :07:35.there continues. For Max American added -- four Americans are dead,

:07:35. > :07:39.including the ambassador. Was it spontaneous, was it a policy

:07:39. > :07:44.failure? Was then attempt to mislead people about what really

:07:44. > :07:49.happened? Governor Romney, you said this was an example of an American

:07:49. > :07:54.policy in the Middle East that is unravelling. I would like to hear

:07:54. > :08:02.each of you give your thoughts on that. Governor Romney, you won the

:08:02. > :08:12.toss, you go first. They expect to the university for welcoming us

:08:12. > :08:13.

:08:13. > :08:17.here tonight and Mr President is good to be with you again. This is

:08:17. > :08:23.obviously an area of great concern to the entire world and to America

:08:23. > :08:27.in particular, which is to see a complete change in the structure

:08:27. > :08:31.and the environment of the Middle East. With the Arab Spring came a

:08:31. > :08:34.great deal of hope that there would be a change toward more moderation

:08:35. > :08:41.and opportunity for greater participation on the part of women

:08:41. > :08:46.in public life and in economic life in the Middle East. Instead we have

:08:46. > :08:50.seen in nation after nation a number of disturbing events. We see

:08:50. > :08:55.30,000 civilians killed in so really -- in Syria by the

:08:55. > :09:03.Government. In the beer, we see an attack apparently by a terrorists

:09:03. > :09:09.of some kind against Dow people there. -- in Libya. Mali has been

:09:09. > :09:12.taken over by Al-Qaeda type individuals. In Egypt we have a

:09:12. > :09:16.Muslim Brotherhood president and what we are seeing is a pretty

:09:17. > :09:21.dramatic reversal in the kind of Pope's we had for that region. The

:09:21. > :09:29.greatest threat of all is Iran. Four years closer to a nuclear

:09:29. > :09:32.weapon. We have to recognise that - I congratulate the President of

:09:32. > :09:36.going after Osama Bin Laden and taking up the leadership of Al-

:09:36. > :09:46.Qaeda, but we cannot kill away 80 business. We have to put in place a

:09:46. > :09:51.Brew Bar strategy to reject the violent radicalism which is

:09:51. > :09:55.certainly not on the run. It is not hiding. This is a group that is

:09:55. > :10:00.involved in 10 or 12 countries. It presents an enormous threat to our

:10:00. > :10:03.friends, to the world and to America. We must have a

:10:03. > :10:08.comprehensive strategy to help reject this kind of extremism.

:10:08. > :10:11.President. My first job as Commander In Chief is to keep the

:10:11. > :10:16.American people safe. That is what we have done over the past four

:10:16. > :10:21.years. We ended the war in Iraq, and focused attention on those who

:10:21. > :10:25.actually killed us on 9/11. As a consequence Al-Qaeda's core

:10:25. > :10:30.leadership has been decimated. In addition we are now able to

:10:30. > :10:37.transition out of Afghanistan in a responsible way, making sure that

:10:37. > :10:42.Afghan state responsibility for their own security. That allows us

:10:42. > :10:51.to rebuild alliances and bake friends around the world to combat

:10:51. > :10:55.future threat. In respect to Libya, when we received the phone call, I

:10:56. > :10:59.immediately made sure that we did everything we could to secure those

:10:59. > :11:04.Americans who were still in harm's way. Secondly, we wanted to

:11:04. > :11:07.investigate exactly what happened and finally, we would go after

:11:07. > :11:12.those who killed Americans and we would bring them to justice. That

:11:12. > :11:16.is exactly what we are going to do. It is imported to step back and

:11:16. > :11:21.think about what happened in Libya. Keeping mind that I, and Americans,

:11:21. > :11:27.took leadership in organising an international coalition that made

:11:27. > :11:31.sure that we were able to, without putting troops on the ground and at

:11:31. > :11:35.the cost of this the more we spent in two weeks in Iraq, liberate a

:11:35. > :11:41.country that had been under dictatorship for 40 years. We got

:11:41. > :11:45.rid of a despot who do it -- Despard who had killed Americans.

:11:45. > :11:52.Despite the tragedy, there were tens of dozens of Libyans marching

:11:52. > :11:58.and saying, America is our friend. -- tens of thousands. That

:11:58. > :12:01.represents the opportunity we have to take advantage of. I am glad

:12:02. > :12:06.that you agree that we have been successful in going after Al-Qaeda.

:12:06. > :12:10.I have to tell you that your strategy previously has been one

:12:10. > :12:15.that's all over the map. It is not designed to keep American safe or

:12:15. > :12:18.to build on the opportunities that exist in the Middle East.

:12:18. > :12:22.strategy is pretty straightforward, which is to go after the bad guys

:12:22. > :12:27.and make sure we do our very best to interrupt them, to kill them, to

:12:27. > :12:31.take them out of the picture. My strategy is broader than that. That

:12:31. > :12:34.is important, of course, but the key that we are going to have to

:12:34. > :12:39.pursue is a pathway to get the Muslim world to be able to reject

:12:39. > :12:45.extremism on its own. We do not want another Iraq or Afghanistan.

:12:45. > :12:50.rus. The right course is to go after the people who are the

:12:50. > :12:55.leaders of the various groups, but also helped the Muslim world. How

:12:55. > :12:59.do we do that? A group of Arab scholars came together to look at

:12:59. > :13:08.how we can help the world reject these terrorists. The answer they

:13:08. > :13:12.came up with was this, we should keep their foreign aid to make sure

:13:12. > :13:17.that we pus that we pusd give them more economic development. Number

:13:17. > :13:21.two, better education. Number three, gender equality. Number four, the

:13:21. > :13:25.rule of law. We have to help these nations create civil societies.

:13:25. > :13:30.What has been happening over the past few years is as we have

:13:30. > :13:36.watched this rising tide of chaos occurred you see Al-Qaeda rushing

:13:36. > :13:39.in. You see other groups rushing in. They are throughout many nations in

:13:39. > :13:47.the Middle East. It is wonderful that Libya seems to be making some

:13:47. > :13:56.tragedy, but next all we have Egypt. Egypt has 80 million people. We

:13:56. > :13:59.want to make sure that we are throughout the Middle East. With

:13:59. > :14:09.Syria having Bashar al-Assad continue to kill his own people.

:14:09. > :14:11.This is a region into malt. Let's give the President a chance. I am

:14:11. > :14:19.glad that you recognise the Al- Qaeda is a threat because a few

:14:19. > :14:24.months ago when you ask what is the America you said Russia. Not Al-

:14:24. > :14:30.Qaeda. The Qaeda. The o ask for their foreign policy back. The

:14:30. > :14:35.Cold War has been over for 20 years. When it comes to a foreign policy,

:14:35. > :14:38.you seem to want to import the foreign policies of the 1980s, just

:14:38. > :14:42.like the social policies of the 1950s and the economic policies of

:14:42. > :14:46.the 1920s. You say that you're not interested in duplicating what

:14:46. > :14:51.happened in Iraq, but just a few weeks ago you said that you think

:14:51. > :14:54.we should have more troops Iraq right now. The challenge we have, I

:14:54. > :14:59.know you have not been in a position to actually execute

:14:59. > :15:05.foreign policy, but every time you have offered an opinion, you have

:15:05. > :15:08.been wrong. You said we should have that there were no weapons of mass

:15:08. > :15:15.destruction. You said that we should still have troops in Iraq to

:15:15. > :15:21.this day. You indicated that we should not be passing nuclear

:15:21. > :15:26.treaties with Russia, despite the fact that 71 senators, democrats

:15:26. > :15:29.and Republicans, voted for it. He had said that first we should not

:15:29. > :15:34.have a timeline in Afghanistan, then you should -- that you said we

:15:34. > :15:39.should. Now you say may be, or it depends. It means not only are you

:15:39. > :15:44.wrong, but you're all so confusing and sending mixed messages. What we

:15:44. > :15:49.need to do with respect to the Middle East is strong, steady

:15:49. > :15:54.leadership, not wrong and reckless leadership that's all over the map.

:15:54. > :15:57.Unfortunately that is the kind of opinions that you have offered to

:15:57. > :16:02.this campaign and it is not a recipe for American strength or

:16:02. > :16:06.keeping America safe. I will add a couple of minutes to give you a

:16:06. > :16:13.chance to respond. I do not concur with what the President said about

:16:13. > :16:17.my own record and the things I I can say this - we are talking about

:16:17. > :16:23.the Middle East and had to help the Middle East reject the kind of

:16:23. > :16:27.terrorism we are seeing. Attacking me is not an agenda. Attacking me

:16:27. > :16:31.is not talking about how we will deal with the challenge is that

:16:31. > :16:37.exist in the Middle-Eastern take advantage of the opportunity there.

:16:37. > :16:44.I will respond to a couple of things you mention. Russia

:16:44. > :16:48.indicated is a geopolitical foe, and I said in the same paragraph

:16:48. > :16:52.that Iran is the greatest national security threat we face. Russia

:16:52. > :16:58.does continue to battle last in the UN time and time again. I have

:16:58. > :17:04.clear rise on this. I am certainly not going to say to Mr Putin that

:17:04. > :17:08.I'll give him more flexibility after the election. Number two,

:17:08. > :17:14.with regards to Iraq, you and I agreed that they should have been a

:17:14. > :17:18.Status of forces Agreement. What I would not have done is that 10,000

:17:18. > :17:22.troops in Iraq that would tie us down. That certainly would not help

:17:22. > :17:26.us in the Middle East. There was an effort on the part of the President

:17:26. > :17:30.to have a status of forces that the agreement and I concurred in that.

:17:30. > :17:34.I said there should be a number of troops that stayed on. Governor...

:17:34. > :17:40.That was my posture as well. You thought it should have been five

:17:40. > :17:43.dozen troops. I thought it should have been more. -- 5,000. Just a

:17:43. > :17:49.few weeks ago you indicated that we should still have troops in Iraq.

:17:49. > :17:55.No I didn't. I indicated that you fail to put in place a status of

:17:55. > :17:58.forces Agreement at the end of the conflict. Here is one thing I have

:17:58. > :18:05.learned as Commanding in Chief. You have to be clear. Birth to our

:18:05. > :18:10.allies and their enemies. The new just gave a speech a few weeks ago

:18:10. > :18:16.in which you said we should still have drooped -- troops in Iraq.

:18:16. > :18:19.That is not a recipe to make sure we are taking advantage of

:18:19. > :18:25.opportunities in the Middle East. It is absolutely true that we

:18:25. > :18:27.cannot just be these challenges know it -- militarily what I have

:18:27. > :18:31.done throughout my presidency and continue to do is number one,

:18:31. > :18:36.making sure these countries are supporting how counter-terrorism

:18:36. > :18:42.efforts. Number two, make sure they are standing by interests and

:18:42. > :18:45.Israel's security. We do have to make sure we are protecting

:18:45. > :18:51.religious minorities and women because these countries cannot

:18:51. > :18:55.develop Armas all the population, not just half of it, is developing

:18:55. > :18:59.with it. We have to develop their economic capabilities, but number

:18:59. > :19:03.five, the other thing we have to do is recognise that we cannot

:19:03. > :19:08.continue to do nation-building in these regions. Part of American

:19:08. > :19:18.leadership is making sure we are doing nation-building at home. That

:19:18. > :19:18.

:19:18. > :19:23.will help us maintain the kind of Let me interject the second topic

:19:23. > :19:29.question and that he is, you both alluded to this, and that is Syria.

:19:29. > :19:32.The war in Syria has spilled over in the banana. More than 100 people

:19:32. > :19:38.were killed there in a barn. There were demonstrations there, eight

:19:38. > :19:44.people dead. It has been more than one years since he told President

:19:44. > :19:54.Assad he had to go. There'd 1,000 Syrians have died. 300,000 refugees,

:19:54. > :20:02.

:20:02. > :20:06.the war goes on. -- 30,000 Syrians. What we have done is organise the

:20:06. > :20:10.International Committee, saying President Assad has ago. We have

:20:10. > :20:15.mobilised sanctions against a government. We have made sure they

:20:15. > :20:25.are isolated. We are providing humanitarian assistance and we are

:20:25. > :20:27.

:20:27. > :20:31.helping the organisation. Syria will have to determine their own

:20:31. > :20:36.future. Everything we're doing we're doing in consultation with

:20:36. > :20:41.our partners which include Israel. We are co-ordinating with Turkey

:20:41. > :20:45.and other countries in the region that have a great interest in this.

:20:45. > :20:49.What is taking place in Syria is heartbreaking. That is why we are

:20:49. > :20:56.going to do everything we can to help the Opposition. But we also

:20:56. > :21:02.have to recognise that for us to get more entangled in Syria is a

:21:02. > :21:06.serious step. We have to do so, making absolutely certain winner

:21:06. > :21:15.who we're helping and that we're not putting arms in the hands of

:21:15. > :21:25.folks who can turn them against us all -- or allies in the region. I

:21:25. > :21:29.

:21:29. > :21:34.am confident that per the Assad's days are numbered. -- President.

:21:34. > :21:38.Let's talk about what is happening in sea air and how important it is.

:21:38. > :21:44.30,000 people being killed by their government is a humanitarian

:21:44. > :21:50.disaster. Syria is an opportunity for us because they play an

:21:50. > :21:59.important role in the Middle East. It is Iran's only ally in the Arab

:21:59. > :22:06.world. Says seeing Syria removed President Assad is a higher

:22:06. > :22:13.priority for us. Making sure be replacing government is responsible

:22:13. > :22:18.is important to us. We do not want to be drawn into a military

:22:18. > :22:22.conflict. The right thing for us is working with our partners and

:22:22. > :22:27.identifying responsible parties in Syria, organising them and bringing

:22:27. > :22:30.them together in a form of a council that can take the lead in

:22:30. > :22:35.Syria and then make sure they have the arms necessary to defend

:22:35. > :22:40.themselves. We do need to make sure they do have answer go into the

:22:40. > :22:47.wrong hands. They could be used to have asked down the road. We must

:22:47. > :22:51.co-ordinate these efforts with our allies, especially Israel. Many

:22:51. > :22:57.countries are concerned about this, they are willing to work with us.

:22:57. > :23:01.We need to have an effective leadership affair in Syria to make

:23:01. > :23:06.sure the insurgents are armed and that those who are armed will be

:23:06. > :23:11.the responsible parties. I believed President Assad Moscow, I believe

:23:11. > :23:17.he will go. We have to make sure we have the relationships and

:23:17. > :23:21.friendships with the people who take his place. For the years to

:23:21. > :23:30.come, we will see Syria as a friend. This is a critical opportunity for

:23:30. > :23:34.America. The President said they were let the UN deal with it. And

:23:34. > :23:39.Kofi Annan came in and try to have a ceasefire. That did not work.

:23:39. > :23:47.Then they look to the Russians. We should be playing the leadership

:23:47. > :23:52.role. Not on the ground with military. We are playing debilitate

:23:52. > :23:57.-- leadership role. We are mobilising support. We are making

:23:57. > :24:02.sure that those we help of those who will be friends of ours in the

:24:02. > :24:08.long-term and the friends of our allies. Going back to Libya, this

:24:08. > :24:13.is an example of how we make choices, when we went into Libya,

:24:13. > :24:18.we were able to immediately stop the massacre because of the unique

:24:18. > :24:24.circumstances and the coalition we helped to organise. We have to make

:24:24. > :24:29.sure that Gaddafi did not say that. To the Governor's credit, you

:24:30. > :24:37.supported us going into Libya and the coalition. When it came to make

:24:37. > :24:44.sure that Gaddafi did not stay in power, your suggestion was that

:24:44. > :24:49.this was mission model. Imagine if we had pulled out at that point. He

:24:49. > :24:53.had more American blood on his hands than any individual rather

:24:53. > :24:58.than a Osama Bin Laden. We were going to make sure we finished the

:24:58. > :25:02.job. That is part of the reason why the Libyans still with us. We did

:25:02. > :25:07.so in a careful and thoughtful way, making certain we knew we were

:25:08. > :25:12.dealing with. And that those forces of moderation on the ground will

:25:12. > :25:19.once we could work with. We had to do the same leadership on a came to

:25:19. > :25:24.Syria. That is exactly what we're doing. Governor, were you go beyond

:25:24. > :25:30.what the administration would do? Would you put in no-fly zone is

:25:30. > :25:37.over Syria? I didn't not want our military involved in Syria. -- do

:25:37. > :25:43.not. Our objectives are to replace President Assad and have a new

:25:43. > :25:51.government which will be friendly to us. I want to make sure they get

:25:51. > :25:55.arms. And they have the arms necessary. I did not want to see a

:25:55. > :26:00.military involvement on the part of our troops. It would not be

:26:00. > :26:05.necessary. We have sufficient resources with our partners in the

:26:05. > :26:13.region to support those groups. It has been going on for a year. It

:26:13. > :26:20.should have been a time for American leadership. We should have

:26:20. > :26:25.brought together the responsible parties. The insurgents are highly

:26:25. > :26:30.desperate. They have not come together, they have not formed a

:26:30. > :26:34.council of some kind. That needs to happen. We need to make sure they

:26:34. > :26:44.have the arms they need to carry out the very important role which

:26:44. > :26:44.

:26:44. > :26:48.is getting rid of President Assad. He does not have different ideas.

:26:48. > :26:55.That is because we are doing exactly what we should be doing to

:26:55. > :26:59.try to promote a moderate Syrian leadership and an effective

:27:00. > :27:04.transition so we get President Assad out. That is the kind of

:27:04. > :27:10.Lisha we have shown and the leadership we will continue to show.

:27:10. > :27:20.-- leadership. During the Egyptian turmoil, you said it was time for

:27:20. > :27:21.

:27:22. > :27:26.Hosni Mubarak to go. Do you have any regrets about that? I do not.

:27:26. > :27:31.America needs to stand with democracy. The notion that we would

:27:31. > :27:38.have tax running over the young people in Tahrir Square is not the

:27:38. > :27:43.kind of leadership JFK talked about 50 years ago. What I also said is

:27:43. > :27:47.now that we have a democratically elected government in Egypt, they

:27:47. > :27:50.must make sure they take responsibility for protecting

:27:50. > :27:55.religious minorities. We will put significant pressure on them to

:27:55. > :27:59.make sure they are doing it. To recognise the rights of women which

:27:59. > :28:05.is critical throughout the regions. They cannot develop if young women

:28:05. > :28:13.are not given the kind of education they need. They need to abide with

:28:13. > :28:23.their treaty with Israel. Not only is his role's security is at stake,

:28:23. > :28:27.

:28:27. > :28:31.so is ours. -- is Israel's. What will make the Egyptian Revolution

:28:31. > :28:36.successful is that the young people are seeing opportunities. Their

:28:36. > :28:40.aspirations are similar to those here. They want jobs, they want to

:28:40. > :28:45.see their kids going to a good school. They want to make sure they

:28:45. > :28:49.have a roof over their heads. They want a better life for the future.

:28:49. > :28:55.One of the things we have been doing is organising conferences

:28:55. > :29:00.where these Egyptians can have a sense of how they can rebuild their

:29:00. > :29:04.economy which is not corrupt and transparent. What is also important

:29:04. > :29:10.is that for America to be successful in this region, there

:29:10. > :29:15.are some things we have to do at home as well. One of the challenges

:29:15. > :29:20.over the last decade as we experimented with nation-building

:29:20. > :29:26.in places like Iraq and Afghanistan, we have neglected in developing our

:29:26. > :29:33.own economy, our own education system. It is very hard to project

:29:33. > :29:43.leadership around the world when we are not doing what we need. Mitt

:29:43. > :29:43.

:29:43. > :29:48.Romney, which you have stuck with a Hosni Mubarak? No. I wish we had a

:29:48. > :29:53.better vision of the future. Looking back at the beginning of

:29:53. > :29:57.the President's term, I wish we had recognise the growing energy and

:29:57. > :30:00.passion for that part of the world and we would have worked more

:30:00. > :30:06.aggressively with our friend and other friends in the region to help

:30:06. > :30:14.them make the transition so that it did not explode the way that it did.

:30:14. > :30:19.But once it exploded, I felt the same as the President did. The

:30:19. > :30:26.people were speaking of our principles. Hosni Mubarak did

:30:26. > :30:30.things that were unimaginable. Let me step back and let me talk about

:30:30. > :30:35.what our mission should be in the Middle East and even more broadly.

:30:35. > :30:40.Our purpose is to make sure the world is peaceful. We want a

:30:40. > :30:44.peaceful plan. We want people to enjoy their lives and not be at war.

:30:44. > :30:49.That is our purpose. The mantle of leadership in promoting the

:30:49. > :30:57.principles of peace is falling on America. We did not ask for it but

:30:57. > :31:04.it is an honour to have it. We need to be strong. It begins with a

:31:04. > :31:08.strong economy, but unfortunately, the economy is not strong. The

:31:08. > :31:15.President of Iran says out that does not make us a great country.

:31:15. > :31:18.That is a frightening thing. The joint chief of staff said our debt

:31:18. > :31:24.is the biggest national security threat we face. We need a strong

:31:24. > :31:33.economy. We need a strong military. Ours is second to none in the world.

:31:33. > :31:38.We are blessed with terrific soldiers and technology. We need to

:31:38. > :31:45.have strong allies. Our association and connection with our allies is

:31:45. > :31:50.the central to our strength. We are the great nation that has for the

:31:50. > :31:56.two allies. We need to stand by our principles. If we are strong with

:31:56. > :32:03.all of this, our influence will grow. Unfortunately, our influence

:32:03. > :32:09.is not greater anywhere than it was four years ago. That is a perfect

:32:09. > :32:19.segue into our next segment. That is, what is America's role in the

:32:19. > :32:20.

:32:20. > :32:26.world? What do you see as our role in the world? I absolutely believe

:32:26. > :32:30.that America has a responsibility and the privilege of helping defend

:32:30. > :32:36.freedom and promote the principles which make the world more peaceful.

:32:36. > :32:41.Those principles included human rights, human dignities, free

:32:41. > :32:47.enterprise, freedom of expression, elections - people tend to vote for

:32:47. > :32:51.peace. We want to promote those principles are round the world. We

:32:51. > :32:56.recognise there are places of conflict around the world. We won

:32:56. > :33:03.to end this conflict. But in order to be able to fulfil I'll role in

:33:03. > :33:08.the world, America must be strong. We must lead. For that to happen,

:33:08. > :33:13.we must strengthen our economy at hand. You can I have 23 million

:33:13. > :33:17.people struggling to get a job. You cannot have an economy that is

:33:17. > :33:22.slowing down in its growth rate. You can or have key is coming out

:33:22. > :33:26.of college and half of them of finding a job. We have to get the

:33:26. > :33:36.economy going. We have to strengthen our military. We do not

:33:36. > :33:37.

:33:37. > :33:41.know what the world will throw out -- at last down the road. In the

:33:41. > :33:49.2000 are based, there were no mention of terrorism. Then one year

:33:49. > :33:53.later, 9/11. I would not cut the military budget. We also have to

:33:53. > :33:59.stand by our allies. The tension between Israel and the US was very

:33:59. > :34:06.unfortunate. And pulling out missal defence arm of Poland and the way

:34:06. > :34:14.we did was also unfortunate. It disrupted the relationship in some

:34:14. > :34:18.ways. When the students took to the streets in Tehran, and the people

:34:18. > :34:23.protest at, the green revolution occurred. For the President to be

:34:23. > :34:31.silent, I thought that was an enormous mistake. We need to stand

:34:31. > :34:38.for a principle, allies and our economy. America remains the one

:34:38. > :34:43.indispensable nation. The world needs a strong America. Because we

:34:43. > :34:48.entered the war in Iraq, we were able to refocus attention. Not only

:34:48. > :34:52.on the terrorists affect but the transition progress in Afghanistan.

:34:52. > :35:00.It allowed us to refocus on relationships that were neglected

:35:00. > :35:06.for a decade. How alliances have never been stronger. In Asia,

:35:06. > :35:13.Europe, Africa. With his role, where we have unprecedented

:35:13. > :35:17.military and intelligence co- operation. But what we have been

:35:17. > :35:22.also been able to do is reposition ourselves so we can start

:35:22. > :35:27.rebuilding America. That is what Mike Rann does. Making sure we

:35:27. > :35:32.being manufacturing back to our shores. Like what we did in the

:35:32. > :35:36.order industry. Making sure we have the best education system in the

:35:36. > :35:41.world, including retraining our workers for the jobs of tomorrow.

:35:41. > :35:49.Doing everything we can to control our energy. We cut out oil imports

:35:49. > :35:56.to the lowest levels in two decades. We also have to develop clean

:35:56. > :36:05.energy technology. That is the kind of Ladyship we need to show. We

:36:05. > :36:10.We have to do it in a responsible way by cutting it spending we do

:36:10. > :36:13.not need, but also asking the work is to pay a little bit more. That

:36:13. > :36:19.way we can research in the technology that has always kept us

:36:19. > :36:23.in the cutting edge. Governor Romney has taken a different

:36:23. > :36:29.approach throughout this campaign. He has proposed wrong and reckless

:36:29. > :36:33.policies. He is praised George Bush as a good economic stalwart and

:36:33. > :36:36.Dick Cheney as someone who shows great judgement. Taking us back to

:36:36. > :36:43.those strategies that got us into the mess are not the way that we

:36:43. > :36:48.are going to maintain string. and reckless policies? I have a

:36:48. > :36:52.policy for the future. An agenda for the future. When it comes to

:36:52. > :36:56.the economy, I know what it takes to create 12 million jobs and

:36:56. > :36:59.rising take-home pay. What we have seen over the past four years is

:36:59. > :37:05.not what I want to see over the next four years. He said we would

:37:05. > :37:09.be at 5.4% unemployment. We are 9 million jobs short of that. I will

:37:09. > :37:13.get America working again. I would do it with five simple steps.

:37:13. > :37:18.Number one, we are going to have North American energy independence.

:37:18. > :37:25.We will do it by taking full advantage of oil, coal, gas,

:37:25. > :37:30.nuclear and renewables. Number two, we will increase outrage. --

:37:30. > :37:35.outrage. Particularly in Latin America. The opportunities there we

:37:35. > :37:41.have just not taken advantage of. But an America's economy is almost

:37:41. > :37:46.as big as the economy of China. Latin America is a huge opportunity

:37:46. > :37:49.for us. Time-zone, language opportunities. Number three, we

:37:49. > :37:55.will have training programmes that will work for our workers and

:37:55. > :38:00.schools that finally put the parents and teachers and kids first.

:38:00. > :38:04.Then we're going to have to get to a balanced budget. We cannot expect

:38:04. > :38:07.entrepreneurs and businesses to take their life savings or the

:38:07. > :38:10.company's money and invest in America if they think we're headed

:38:10. > :38:16.to the road to Greece. That is where we are going right now unless

:38:16. > :38:22.we get of the spending and borrowing binge. Finally, number

:38:22. > :38:25.five, we have to champion the small business. Small business is where

:38:25. > :38:30.jobs come from. Two-thirds of our jobs come from small businesses.

:38:30. > :38:33.New business formation is down to the lowest level in 30 years under

:38:33. > :38:37.this administration. I want to bring it back and get back good

:38:37. > :38:40.jobs and rising to a campaign. Let's talk about where we need to

:38:40. > :38:46.compete. He talks about small businesses, but Governor, when

:38:46. > :38:51.you're in Massachusetts, small businesses Rank about 48 that of 50

:38:51. > :38:55.states. The policies you're promoting do not help small

:38:55. > :38:59.businesses. The way you define small businesses include folks at

:38:59. > :39:03.the very top. They include you and me. That is not the kind of

:39:03. > :39:07.promotion we need. Let's take an example that we know it's going to

:39:07. > :39:11.make a difference. That is our education policy. We did not talk

:39:11. > :39:18.about this in the last debate much. Under my leadership, what we have

:39:18. > :39:21.done his reform education, working with governors of 46 days. We have

:39:21. > :39:26.seen progress and games in schools that were having a terrible time

:39:26. > :39:28.and they are finally making progress. What I want to do now is

:39:28. > :39:32.higher more teachers especially in maths and science because we know

:39:32. > :39:36.that we have fallen behind when it comes to maths and science. Those

:39:36. > :39:40.teachers can make a difference. Governor Romney, when you asked by

:39:40. > :39:45.teachers whether or not this would help the economy grow, you said it

:39:45. > :39:48.would not help it. When you ask about reduced class sizes, you said

:39:48. > :39:54.class sizes do not make a difference. I tell you, if you talk

:39:54. > :39:57.to teachers, they will tell you does make a difference. If we have

:39:57. > :40:01.maths teachers who are able to provide the kind of support that

:40:01. > :40:08.they need for our kids, that is what is going to determine whether

:40:08. > :40:11.or not the new businesses are created here, companies here and

:40:12. > :40:17.the kind of budget proposals that you have put forward, when we do

:40:17. > :40:20.not ask your me to pay a time more in terms of reducing debts, but

:40:20. > :40:24.instead we slash support for education, that is undermining our

:40:24. > :40:30.long-term competitiveness. That is not good for America's position in

:40:30. > :40:37.the world. And the will be notices. That may get better foreign policy.

:40:37. > :40:40.I need to speak a moment if you let me. I am so proud of the state I

:40:40. > :40:45.had the chance to be Governor of. Every two years, we have tests that

:40:45. > :40:50.look at how well our kids are doing. 4th graders and a Craig is a tested

:40:50. > :40:58.in English and maths. While I was governor I was proud that afford

:40:58. > :41:03.Craig is came out number one in all 50 states. Also in maths. Also in

:41:03. > :41:06.the 8th grade. Headed we do that? Republicans and Democrats came

:41:06. > :41:10.together on a bipartisan Ben -- basis to put in place education

:41:10. > :41:14.principles that focused on having great teachers in the classroom.

:41:14. > :41:18.That was what allowed us to become the number one stake in the nation.

:41:18. > :41:22.That was ten years before you took office. And then you cut education

:41:22. > :41:26.spending money came into office. And we get Gaskell's number one in

:41:26. > :41:28.the nation. The principles that we put in place, we also tickets not

:41:29. > :41:34.just a graduation exams are determined whether they were up to

:41:34. > :41:39.the skills needed to compete, but also if they graduated in the top

:41:39. > :41:45.quarter of their class, they got a for you to Russian ride at any

:41:45. > :41:49.Massachusetts public to judge -- institution. I am going to try and

:41:50. > :41:54.shift it because we have heard some of this in the other debates.

:41:54. > :42:00.Governor you say you want a bigger military. You want a bigger Navy. Q

:42:00. > :42:06.do not want to cut defence spending. I were to ask you about financial

:42:06. > :42:10.problems in this country. Where are you going to get the money? First

:42:10. > :42:15.of all I am going through from the very beginning. We are going to cut

:42:15. > :42:21.about 5% of the discretionary budget, excluding military. Can you

:42:21. > :42:28.do this without... A will be happy to have you take a look. Come to

:42:28. > :42:32.our website. We will have a balanced budget within eight-ten

:42:32. > :42:41.years. The first thing I get rid of his the healthcare package. There

:42:41. > :42:44.are a number of things that sound good, but we cannot afford them. We

:42:44. > :42:49.would take programme after programme that we do not absolutely

:42:49. > :42:56.have to have and we will get rid of them. Number two, we take some

:42:56. > :42:59.programmes that we are going to keep, like Medicaid, and we give it

:42:59. > :43:07.to the States to run because state run these programmes more

:43:07. > :43:12.efficiently. As a governor I wanted the programme. States are proving

:43:12. > :43:15.it. States like Arizona, Rhode Island, have taken these Medicaid

:43:15. > :43:20.dollars and have shown they can run these programmes more cost

:43:20. > :43:26.effectively. I want to do those two things. It gets us to a balanced

:43:26. > :43:29.budget within eight-ten years. Let's get back to the military.

:43:29. > :43:35.That is what I asked about. should have entered the first

:43:35. > :43:40.question. -- answered. Governor Romney has called for five trillion

:43:40. > :43:44.dollars of tax cuts that he says he will pay for by closing deductions.

:43:45. > :43:48.The map doesn't work, but he continues to claim he will do it.

:43:48. > :43:53.He was to spend another two trillion dollars on military

:43:53. > :43:57.spending that our military is not asking for. Keep in mind that the

:43:57. > :44:01.military spending has gone up every single year that I have been in

:44:01. > :44:11.office. We spend more on our military than the next 10 countries

:44:11. > :44:11.

:44:11. > :44:15.combined. China, Russia, France, UK. What I did was work with Dow Joint

:44:15. > :44:20.Chiefs of Staff to think about what we will need in the future to make

:44:20. > :44:25.sure that we are safe. That is the budget we have put forward. What we

:44:25. > :44:28.cannot do is spend two trillion dollars in additional military

:44:29. > :44:34.spending that the military is not asking for, five trillion dollars

:44:34. > :44:37.on tax cuts are. You say there you are going to pay for it by closing

:44:37. > :44:41.loopholes and deductions without naming of those loopholes and

:44:42. > :44:47.deductions are. And then, somehow, you are also going to deal with the

:44:47. > :44:52.deficit that we already have. The maths does not work. When it comes

:44:52. > :44:55.to the military, what we have to think about is not just budgets, we

:44:55. > :45:00.have to think about capabilities. We need to think about siders

:45:00. > :45:04.security. We need to be thinking about space. That is what our

:45:04. > :45:08.budget does, but it is driven by its strategy, not politics. It is

:45:08. > :45:13.not driven by members of Congress and what they would like to see. It

:45:13. > :45:17.is driven by what we need to keep the American people safe. That is

:45:17. > :45:21.exactly what he does and it also then allows us to reduce our

:45:21. > :45:25.deficit, which is a significant national security concern. We have

:45:25. > :45:30.to make sure that our economy are strong at home so we can project

:45:30. > :45:36.military power overseas. Bob, I am pleased that I balanced budgets. I

:45:36. > :45:40.was in the world of business for 25 years. I went to the Olympics but

:45:40. > :45:47.was out of balance and we got it on balance and made a success there. I

:45:47. > :45:51.had the chance to be the governor of a State for lack using a rope. -

:45:51. > :45:56.- four years in a row. We cut deficits 19 times. The President

:45:56. > :46:02.has a balanced a budget yet. I am going to be able to balance the

:46:02. > :46:09.budget. Let's talk about military spending. Our Navy is smaller now

:46:09. > :46:15.than at any time since 1917. The Navy said they needed 313 ships to

:46:15. > :46:19.carry out their mission. We're down to 285. That is unacceptable to me.

:46:19. > :46:24.I want to make sure we have the ships that are required by a navy.

:46:25. > :46:30.Our air force is older than small - - and smaller than at any other

:46:30. > :46:34.time since it was founded. Since FDR we have the strategy that we

:46:34. > :46:39.could fight into conflict at once. Now we are changing to one conflict.

:46:39. > :46:43.This, in my view, is the highest responsibility of the President. We

:46:43. > :46:47.need to maintain the safety of the American people. I will not cut out

:46:47. > :46:53.military budget by a $1 trillion, which is the combination of the

:46:54. > :46:58.budget cuts and the sequestration cuts. That is making out future

:46:58. > :47:03.less certain and secured. A tiny to comment on this. The Syquest is not

:47:03. > :47:07.something that I have proposed. Congress has proposed it. The

:47:07. > :47:11.Budget that we are probe -- talking about is not reducing military

:47:12. > :47:15.spending, it is maintaining it. I think Governor Romney has not spent

:47:15. > :47:20.a lot of time looking at how our military works. You mentioned a

:47:20. > :47:23.navy and that we have fewer ships than we did in 1916. We also have

:47:23. > :47:29.your horses and bayonets because the nature of our military has

:47:29. > :47:33.changed. We have things called aircraft carriers. We have ships

:47:33. > :47:39.that go under water, nuclear submarines. The question is not a

:47:39. > :47:43.game of battleship. It is what are our capabilities are. When I sit

:47:43. > :47:48.down with the secretary of the Navy and the Joint Chiefs of Staff, we

:47:48. > :47:53.determine how we are going to be able to meet all of their defence

:47:53. > :47:56.needs in a way that also keeps faith without troops and make sure

:47:56. > :48:01.that our veterans had the kind of support that they need when they

:48:01. > :48:05.come home. That is not reflected in the kind of budget that you are

:48:05. > :48:11.putting forward. It does not work. We visit the website quite a bit

:48:11. > :48:21.and it still does not work. A lot to cover. I would like to move to

:48:21. > :48:24.

:48:24. > :48:32.the next segment. Red lines, Israel and Iran. Would either of you be

:48:32. > :48:36.willing to declare that an attack on Israel is an attack on the US?

:48:36. > :48:43.It is the same promise that we give to how close allies like Japan. If

:48:43. > :48:47.you make such a declaration, would that not deter Iran? It has

:48:47. > :48:57.certainly deterred the server at Union for a long time -- Soviet

:48:57. > :48:59.

:48:59. > :49:04.Israel is a true friend and aggregates ally in the region. If

:49:04. > :49:14.it is a tad, R Mackie will stand with his row. I have made that

:49:14. > :49:14.

:49:14. > :49:18.clear. I will stand with Israel if they are attack. We have created

:49:18. > :49:23.the strongest military and intelligence co-operation between

:49:23. > :49:31.our two countries in history. We will be carried -- carrying out the

:49:31. > :49:35.largest military exercise this week. To the issue of Iran, as long as I

:49:35. > :49:41.am President, Iran will not get a nuclear weapon. I have made that

:49:41. > :49:46.clear when I came into office. We organised the strongest coalition,

:49:46. > :49:50.and the stronger sanctions against Iran in history. It is could

:49:51. > :49:57.believe their economy. Their currency has dropped 80%. There are

:49:57. > :50:02.oil production has dropped to the lowest level since 20 years ago.

:50:02. > :50:07.The reason we did this is because a nuclear Iran is a threat to our

:50:07. > :50:12.national security and a threat to Israel. We cannot afford to have a

:50:12. > :50:17.nuclear arms race in the most volatile region in the world. Iran

:50:17. > :50:22.is a state sponsor of terrorism. For them to provide nuclear

:50:22. > :50:32.technology is unacceptable. And they have said they want to see it

:50:32. > :50:34.

:50:34. > :50:37.is rare wiped off the map. We offer Iran a choice. They can take the

:50:37. > :50:42.diplomatic route and then the nuclear programme, or they will

:50:42. > :50:47.have to face a united world of and a US President who says we were not

:50:47. > :50:51.take any options of the table. The disagreement I have with Governor

:50:51. > :50:58.Romney is that during the course of this campaign, he often talks about

:50:58. > :51:02.taking premature or military action. That would be a mistake. When I

:51:02. > :51:09.send young men and women into harm's way, I always understand

:51:09. > :51:14.that is the last resort, not the first. I want to underscore the

:51:14. > :51:20.same point the President made, if I am President, we will stand with

:51:20. > :51:30.his rare. If Israel is attacked, we have their back. Not just

:51:30. > :51:35.diplomatically, not just culturally, but militarily. A nuclear Iran is

:51:35. > :51:45.unacceptable to America. It presents a threat to our friends

:51:45. > :51:45.

:51:45. > :51:48.and to us. It is the central for us to understand what our mission is

:51:48. > :51:58.for Iran and that is to dissuade Iran from having a nuclear weapon

:51:58. > :52:00.

:52:00. > :52:05.to peaceful and diplomatic means. Crippling sanctions was my first

:52:05. > :52:10.step for me five years ago. They do work. It is absolutely the right

:52:10. > :52:14.thing to do. I would have put them in place earlier but it is good

:52:15. > :52:19.that we have them. I would tighten those sanctions. I would say those

:52:19. > :52:26.ships that carry Iranian oil cannot come into our paws. I imagine the

:52:26. > :52:33.EU will agree with us. People who are trading in those oil cans, I

:52:33. > :52:42.would tighten those sanctions further. I will make sure the

:52:42. > :52:46.president of Iran will be invited. -- indicted. I'll make sure of

:52:46. > :52:52.their diplomats are treated as the Prior's there are, around the world.

:52:52. > :53:02.The same way we traded the apartheid diplomats of South Africa.

:53:02. > :53:05.

:53:05. > :53:12.-- treated. A military action is the last resort. It is something

:53:12. > :53:22.one would only consider if all of the other avenues had been tried to

:53:22. > :53:25.

:53:25. > :53:30.their full extent. There are reports that there are talks in

:53:30. > :53:38.principle about Iran's nuclear programme. What is the deal that

:53:38. > :53:44.you would accept? Those reports in the newspapers, they are not true.

:53:44. > :53:50.Our goal is to get Iran to recognise it needs to give up its

:53:50. > :53:54.nuclear programme. And abide by the UN resolutions that had been in

:53:54. > :53:58.place because they have the opportunity to re- enter the

:53:58. > :54:03.community of nations. And we would welcome that. There are people in

:54:03. > :54:07.Iran who have the same aspirations as people around the world for a

:54:07. > :54:11.better life. We hope that the leadership takes the right

:54:11. > :54:15.decisions. The deal that we would accept is that they and their

:54:15. > :54:18.nuclear programme, it is very straight forward. I am glad

:54:18. > :54:25.Governor Romney agrees with the steps we are taking. There have

:54:25. > :54:31.been times when his son are like the governor thought he would do

:54:31. > :54:35.the same things we did and that he was said then louder and some have

:54:35. > :54:40.a would make a difference. The work involved in setting up these

:54:40. > :54:46.crippling sanctions is painstaking. It is ridiculous. We started the

:54:46. > :54:51.day we got into office. De reason it is so important is we had to

:54:51. > :54:57.make sure that all the countries participating, even in countries

:54:57. > :55:03.like Russia and China. If it is just us imposing sanctions, we have

:55:03. > :55:10.had sanctions in place for a long time, it is because we had everyone

:55:10. > :55:15.agreeing, Iran is under so much pressure. Ideal is to be had. And

:55:15. > :55:18.that is they abide by the roles that have already been established.

:55:18. > :55:26.They must convince the International Committee that they

:55:26. > :55:30.are not pursuing a nuclear programme. We're not going to let

:55:30. > :55:38.up the pressure and to we have clear evidence that it all takes

:55:38. > :55:43.place. One last thing, the clock is ticking. We're not going to allow

:55:43. > :55:48.Iran to perpetually engaged in negotiations that lead nowhere. I

:55:48. > :55:52.have been very clear to them. Because of the Intelligence Corps

:55:53. > :55:56.the nation that we do with a range of countries, we have a sense of

:55:56. > :56:00.when they would have breakout capacity which means we would not

:56:00. > :56:06.be able to intervene in time to stop their programme. That Crockett

:56:06. > :56:12.is ticking. If they do not meet the demands of the International

:56:12. > :56:16.Committee, will take all options necessary. From the very beginning,

:56:16. > :56:20.one of the challenges we had with Iran is that they looked at his

:56:20. > :56:26.administration and felt the administration was not as strong as

:56:26. > :56:32.it needed to be. I think they saw weakness. From the very beginning,

:56:32. > :56:39.the President said he would meet with the world's worst actors. And

:56:39. > :56:49.that he would sit with Hugo Chavez and Castro. And the President of

:56:49. > :56:50.

:56:50. > :56:55.Iran. The President began what I caught an apology tour, of going to

:56:55. > :57:01.various nations in the Middle East and criticised America. They saw

:57:01. > :57:07.weakness in that. When there were decisions in the streets of Tehran,

:57:07. > :57:10.the President was silent. They notice that as well. When the

:57:10. > :57:17.President said he would create daylight between ourselves and is

:57:18. > :57:23.Raul, they noticed that as well. These scenes suggested that we can

:57:23. > :57:31.keep on pushing along. We can keep talks going on, we would just keep

:57:31. > :57:37.spending. They are preparing to create a nuclear threat to the US

:57:37. > :57:40.and the world. That is unacceptable for us. It is the central for a

:57:41. > :57:46.President to show strength from the very beginning, to make very clear

:57:46. > :57:50.what is acceptable and not acceptable. And an Iranian nuclear

:57:50. > :57:56.programme is not acceptable. And to make sure they understand that is,

:57:56. > :58:00.from the very beginning, the titres censure as possible. They need to

:58:00. > :58:06.be tightened. Diplomatic isolation it needs to be tougher. We need to

:58:06. > :58:11.put the pressure on them as hard as we can. If we do that, we will not

:58:11. > :58:16.have to take military action. Nothing he said was true. Starting

:58:17. > :58:21.with this notion of me apologising. This has been the biggest whopper

:58:21. > :58:28.that has been told that during the course of this campaign. Every fact

:58:28. > :58:32.checker and the poorer have looked at it. It is not true. -- reporter.

:58:32. > :58:38.When it comes to a tightening sanctions, we put in the toughest

:58:38. > :58:43.and most crippling sanctions ever. The fact is, while we were caught

:58:43. > :58:48.alternating to make sure these were effective, you were still invested

:58:48. > :58:53.in a Chinese state oil company that was doing business with the Iranian

:58:53. > :58:55.oil sector. I'll let the American people decide on who is more

:58:55. > :59:02.effective and more credible one comes to imposing crippling

:59:02. > :59:07.sanctions. And with respect to the Iranian revolution, I was very

:59:07. > :59:10.clear about the murderous activities that had taken place. It

:59:10. > :59:18.was contrary to international law and everything that civilised

:59:18. > :59:22.people stand for. The strength we have shown in Iran was shown by the

:59:22. > :59:29.fact that we were able to mobilise the world. When I came into office,

:59:29. > :59:35.the world was divided. Iran was at its weakest point. Economically,

:59:35. > :59:42.strategically, militarily. We are continuing to keep the pressure

:59:42. > :59:49.onto make sure they do not get and nuclear weapon. That will be the

:59:49. > :59:58.case, as long as I am President. We're four years closer to a new

:59:58. > :00:03.career Iran. We should not have wasted these four years. The reason

:00:03. > :00:09.accorded an apology Tour it is because you went to the Middle East,

:00:09. > :00:13.he flew to Egypt and Saudi Arabia and Turkey and Iraq, and by the way,

:00:14. > :00:22.you stick is rare, our closest friend in the region, and you went

:00:22. > :00:28.to the other places. They noticed use it is rare. He said America had

:00:28. > :00:34.been dismissive. He said America had dictated other nations. America

:00:34. > :00:44.has not deterrent other nations, we have a free other nations from

:00:44. > :00:49.dictators. If we're going to talk about trips we have taken. When I

:00:49. > :00:56.was a candidate, the first trip I'd took was to visit our trips. When I

:00:56. > :01:03.went in his role as a candidate, I do not attempt fundraisers. I went

:01:03. > :01:10.to the Holocaust museum to remind myself in nature of evil and why

:01:10. > :01:16.our bond with Israel would be unbreakable. Then I went to a town

:01:16. > :01:21.which experienced missals raining down on them. I saw families fare

:01:21. > :01:28.who showed me when missals had come down need their children's bedrooms.

:01:28. > :01:38.I was reminded of what that would mean if when my kids. We funded a

:01:38. > :01:39.

:01:39. > :01:45.programme to stop those missals. That is how I have used my travels.

:01:46. > :01:53.The central question, at this point, will be who is going to be credible

:01:53. > :01:58.to all parties involved? They can look at my track record. Whether it

:01:58. > :02:01.is Iran's sanctions, whether it is appalling democracy, whether it is

:02:02. > :02:07.supporting women's rights, supporting religious minorities,

:02:07. > :02:12.they can say the President of the US has done the right side of

:02:12. > :02:15.history. That kind of credibility is precisely why we have been able

:02:15. > :02:24.to show leadership on a wide range of issues facing the world right

:02:24. > :02:28.now. What if the Prime Minister of his record you on the phone and

:02:28. > :02:36.said, our bombers are on the way, we're going to bomb Iraq. What

:02:36. > :02:44.would you say? Let's do not get into hypothetical us of that nature.

:02:44. > :02:54.We would not get a call. This is the kind of thing that would be

:02:54. > :03:02.discussed and evaluated well before that. Let's go back to what the

:03:03. > :03:07.President was speaking about. I look at what is happening around

:03:07. > :03:13.the world and I see Iran four years closer to a barn. I see the Middle

:03:13. > :03:23.East with a racing car at -- tide of violence. ICD Harris continuing

:03:23. > :03:27.

:03:27. > :03:32.to spread. -- I C Jihadists. I see Syria with 30,000 civilians dead. I

:03:32. > :03:37.see our trade deficit with China growing larger every year. I look

:03:37. > :03:47.around the world and I do not feel... We see North Korea

:03:47. > :03:51.continuing to export their nuclear technology. Russia is backing away

:03:51. > :03:55.from the treaties we have had with them. I do not see out influence

:03:56. > :03:59.going, I see it receding. In part because of the failure of the

:03:59. > :04:07.President in dealing with that economic challenges. In part with a

:04:07. > :04:11.what role in our commitment with the military. In part with the

:04:11. > :04:16.turmoil with Israel. The President received a letter from 38

:04:16. > :04:21.Democratic senators same detention with his row is a real problem.

:04:21. > :04:31.They asked him to repair the tensions. And the damage. -- with

:04:31. > :04:38.

:04:38. > :04:44.Whether it is the Middle East, Afghanistan, Iraq, Iran - you have

:04:44. > :04:49.been all over the map. I am pleased you are now endorsing our policy of

:04:49. > :04:54.applying diplomatic pressure and potentially having bilateral

:04:54. > :05:00.discussions with Iran to end their nuclear programme but a few years

:05:00. > :05:05.ago you said that is something you would never do. In the same way you

:05:05. > :05:11.opposed a timetable in Afghanistan. Now you are for it, although it

:05:11. > :05:17.depends. You say you would have ended the war on Iraq but recently

:05:17. > :05:23.he said we should have 20,000 more men in there. He said it was

:05:23. > :05:30.mission Creek to go after Muammar Gaddafi. When it goes after going

:05:30. > :05:36.Osama Bin Laden, the President would make that call but when you

:05:36. > :05:41.were candidate as I was, and I said I would take the shot if we had

:05:41. > :05:47.Osama Bin Laden in a shot. You said, push heaven and earth to get one

:05:47. > :05:55.man? We said we should ask Pakistan permission. If we would have asked

:05:55. > :06:00.Pakistan, we would not have got him. Art that it was worth moving and

:06:00. > :06:07.earth to get him. I was talking to a young woman who was four years

:06:07. > :06:12.old when 9/11 happen. Her last conversation she had with her

:06:12. > :06:18.father, it was when he was calling from the Twin Towers. He said he

:06:18. > :06:22.loved her. For the next decade she was haunted by the conversation.

:06:22. > :06:30.She told me, that brought some closure by getting Bin Laden. When

:06:30. > :06:37.we do things like that, when we bring those who have armed us to

:06:37. > :06:43.justice, it sent a message to the world and it tells people - we did

:06:43. > :06:48.not forget her father. That is clarity of leadership. Those

:06:48. > :06:53.decisions are not always popular. They are not poll tested. Some in

:06:53. > :06:59.my own party, including my vice- president had the same critic as

:06:59. > :07:06.you did I looked at what we need to get down to keep American people

:07:07. > :07:15.safe and I make those decisions. That takes us to the next segment.

:07:15. > :07:19.America's long as four - Afghanistan and Pakistan.

:07:19. > :07:27.cannot have the President and lay out a whole series without giving a

:07:27. > :07:29.response. With respect, you laid out a whole lot also. The US is

:07:30. > :07:35.scheduled to turnover responsibility for security in

:07:35. > :07:42.Afghanistan to the Afghan government in 2014. At that point,

:07:42. > :07:48.we will leave a smaller force of Americans for training purposes. It

:07:48. > :07:54.seems to me, the key question is - what do you do it the deadline

:07:54. > :08:02.arrives and it is obvious the Afghans are not able to handle

:08:02. > :08:08.their security? Do we still leave? We will be finished by 2014 and

:08:08. > :08:11.when I am President, we will make sure we bring troops out by the end

:08:11. > :08:17.of 2014. The commanders and generals are on track to do so. We

:08:17. > :08:23.have seen progress in the past several years. The training

:08:23. > :08:26.programme is proceeding apace. They are now a large number of security

:08:26. > :08:32.forces were ready to step in to provide security and we will be

:08:32. > :08:39.able to make that transition by the end of 2014. The troops will come

:08:39. > :08:44.home at that point. -- 2014. We will make sure we look at what is

:08:44. > :08:48.happening in Pakistan and recognise it will have a major impact on the

:08:48. > :08:52.success in Afghanistan. I say that because I know a lot of people who

:08:53. > :08:58.feel we should washer hands and walk away, I do not mean you Mr

:08:58. > :09:01.President, but a lot of people in our nation, that we should walk

:09:01. > :09:09.away from Pakistan because they are not being nice to us. But Pakistan

:09:09. > :09:14.is important to the region, to the world and to America. Russia will

:09:14. > :09:24.have more than Great Britain in terms of weaponry. They also have

:09:24. > :09:29.the Taleban, and other networks, a Pakistan that falls apart will be

:09:29. > :09:33.dangerous to Afghanistan and to America. We need to be helpful in

:09:33. > :09:38.encouraging Pakistan to move towards a more stable government

:09:38. > :09:44.and we build a relationship with us. That means the we provide is going

:09:44. > :09:48.to be conditioned upon certain bench marks being made. I look at

:09:48. > :09:56.this as both a need to help meet Pakistan in the right direction but

:09:56. > :10:01.also to get Afghanistan to be ready and they will be ready. When I came

:10:01. > :10:06.into office, we were still bogged down in Iraq. Afghanistan had been

:10:06. > :10:13.drifting for a decade. We ended the war on Iraq. We focus our attention

:10:13. > :10:17.on Afghanistan and we delivered a surge of troops. That was possible

:10:17. > :10:22.because we ended the war in Iraq. We are now in a position where we

:10:22. > :10:27.have met many of the objectives that got us there in the first

:10:27. > :10:29.place. Part of what happened is we forgot why we had gone. We went

:10:29. > :10:36.because there were people responsible for 3,000 American

:10:36. > :10:40.debts. We decimated Al-Qaeda or leadership in the border region

:10:40. > :10:45.between Afghanistan and Pakistan. We then studied to build up Afghan

:10:45. > :10:50.forces. We are now in a position where we can transition out because

:10:50. > :10:54.there is no reason why Americans should die when Afghans are

:10:54. > :10:59.probably capable of defending their country. That transition has to

:10:59. > :11:04.take place in a responsible fashion. We have been there a long time and

:11:04. > :11:08.money to make sure that we and how coalition partners are pulling out

:11:08. > :11:16.responsibly and giving Afghans capabilities that they need. But,

:11:16. > :11:22.what I think American people recognise, after a decade of war,

:11:22. > :11:27.it is time to build up our nation. We need to put Americans back to

:11:27. > :11:32.work, especially our veterans. Bridges, roads, schools need to be

:11:32. > :11:38.built. Making sure the veterans are getting the care they need when it

:11:38. > :11:41.comes to post-traumatic stress disorder and dramatic brain injury.

:11:41. > :11:46.Making sure the certification they need for good jobs in the future

:11:46. > :11:51.are in place. I was having lunch for a veteran in Minnesota or who

:11:51. > :11:55.had been a medic and dealing with the most extreme circumstances.

:11:55. > :12:01.When he came home and wanted to become a nurse, he had to start

:12:01. > :12:06.from scratch. What we said is, let's change the certification. The

:12:06. > :12:14.first lady has done a great job pudding a veterans back to work

:12:14. > :12:22.with a great organisation. Those other kinds of things that we can

:12:22. > :12:29.now do because we are making that transition. You talk about Pakistan

:12:29. > :12:33.and one needs to be done. General Malan, the commander in Afghanistan,

:12:33. > :12:43.says the Americans continue to die at the hands of Brits who are

:12:43. > :12:49.

:12:49. > :12:54.supported by Pakistan -- at an hands of Hauritz. -- -- brutes. Yet

:12:54. > :13:00.we continue to give Pakistan billions of dollars. Is it time for

:13:00. > :13:04.asked to divorce Pakistan? No. It is not time to divorce and nation

:13:04. > :13:09.which has 100 nuclear weapons and is on the way to double that. A

:13:09. > :13:16.nation which has serious threats from terrorist groups within it.

:13:16. > :13:24.The Taleban, it is a nation which does not have a civilian leadership

:13:24. > :13:29.that is calling the shop -- shots there. You have the military. He

:13:29. > :13:36.had a civilian government. This is a nation which if it falls apart,

:13:36. > :13:41.it becomes a failed State, they run nuclear weapons there and you have

:13:41. > :13:46.terrorist there who can put their hands on those weapons. This is an

:13:46. > :13:50.important part of the world. It is technically an ally. They are not

:13:50. > :13:56.acting like an hour in right now but we have some way to do. I do

:13:57. > :14:02.not blame the administration that the relationship is strain. We had

:14:02. > :14:05.to go into Pakistan. We had to go and get Osama Bin Laden. That was

:14:05. > :14:10.the right thing to do and that upset them. But there was anger

:14:10. > :14:14.before that. We need to work with the people in Pakistan to try and

:14:14. > :14:18.help them move to a more responsible course. It is important

:14:19. > :14:27.for them, for the nuclear weapons, for the success of Afghanistan.

:14:27. > :14:31.Inside Pakistan you have a large group of Taleban who are going to

:14:31. > :14:35.come back in when we go. There is one of the reasons the Afghan

:14:35. > :14:40.security forces have so much work to do to fight against that. It is

:14:40. > :14:45.important that we cannot just walk away but we need to make sure that

:14:45. > :14:53.as we send support for them, that this is tied to the making progress

:14:53. > :15:00.on matters that will lead them to become a civil society. We know

:15:00. > :15:06.President Obama's position. What is your position on the use of drones?

:15:06. > :15:11.I believe we should use any and all means to take out people who

:15:11. > :15:15.threatened us and our friends. It has widely been reported that

:15:16. > :15:21.drones are being used and I support that entirely. I support the

:15:21. > :15:26.President to decide to up the usage. We will continue to go after the

:15:26. > :15:29.people who represent a threat to the station. But, we are going to

:15:30. > :15:33.have to do more than going after leaders and killing bad guys,

:15:33. > :15:38.important as that is. We need to have a far more effective and

:15:39. > :15:45.comprehensive strategy to help move the world away from Tehran and

:15:45. > :15:54.Islamic extremism. We talk a lot about these things but you look --

:15:54. > :16:03.from terror. Is the Middle East in trouble? Is Al-Qaeda or on the run?

:16:03. > :16:09.No. A Israel and the Palestinians closer to reach a peace agreement?

:16:09. > :16:14.They have not had talks in Shuey is. I am convinced that a strong

:16:14. > :16:18.leadership and the effort to build a strategy based upon helping these

:16:18. > :16:25.nations reject extremism, will seek peace and prosperity the world

:16:25. > :16:32.demand. Our strategy was not just going after a Bin Laden. We develop

:16:32. > :16:36.partnerships in Somalia, Yemen, in Pakistan. What we have also done

:16:36. > :16:41.his engage these governments in the kind of reforms that again to make

:16:41. > :16:45.a difference in people's lives. To make sure that governments are not

:16:45. > :16:51.corrupt. To make sure they're treating women with the kind of

:16:51. > :16:56.respect and dignity that every nation that succeeds has shine. To

:16:56. > :17:02.make sure that they have their market system that works. We are

:17:02. > :17:08.engaging them in building capacity and we have stood on the side of

:17:08. > :17:16.democracy. One thing Americans should be proud of, when Tunisians

:17:16. > :17:21.began their protests, this nation, my administration, stood with them,

:17:22. > :17:26.before any other country. In Egypt. We stood on the side of democracy.

:17:26. > :17:31.In Libya we stood on the side of the people. As a consequence, there

:17:31. > :17:35.is no doubt that attitudes about Americans have changed. But there

:17:36. > :17:40.are always going to be elements in these countries that potentially

:17:40. > :17:45.threaten the US. We want to shrink those groups and now works and we

:17:45. > :17:50.can do that but we are also going to have to maintain vigilance when

:17:50. > :17:55.it comes to terrorist activities. Al-Qaeda is much weaker than it was

:17:55. > :18:00.when I came into office and they do not have the same capacity to

:18:00. > :18:08.attack the US home and an hour allies as they did four years ago.

:18:08. > :18:18.The next segment is an important one - the rise of China. And future

:18:18. > :18:21.

:18:21. > :18:31.What do you believe is the greatest future threat to the national

:18:31. > :18:34.

:18:34. > :18:40.security of this country? I think it will continue to be terra --

:18:40. > :18:50.terrorist networks. In respected China, China is a partner in the

:18:50. > :18:50.

:18:50. > :18:55.international community if it is following the rules. We will

:18:55. > :19:00.insists China plays by the same rules as everybody else. I do not

:19:00. > :19:07.want to see jobs shipped overseas. This is has not getting a level

:19:07. > :19:11.playing field when it comes to trade. -- businesses. I set up a

:19:11. > :19:14.trade task force to go after cheaters when it came to

:19:14. > :19:19.international trade. We have brought more cases against China

:19:19. > :19:26.for violating trade rules than the previous administration in two

:19:26. > :19:36.terms. We won every case that has been decided. Just recently,

:19:36. > :19:37.

:19:37. > :19:47.steelworkers in Ohio, they can sell still to China because we won that

:19:47. > :19:54.

:19:54. > :19:58.case. -- steel. Mitt Romney accused me for being too tough. He said it

:19:58. > :20:02.would not be good for American workers and it would be

:20:03. > :20:12.protectionist. American workers do not feel that way. They found a

:20:13. > :20:16.

:20:16. > :20:24.finely they had an administration who take this situation seriously.

:20:24. > :20:31.-- found finally. If we do not have the technology that will allow us

:20:31. > :20:37.to create great businesses here in the United States, that is how we

:20:37. > :20:42.lose competition. Mitt Romney's budget proposals would not allow

:20:42. > :20:47.that to happen. It is not government that makes the economy

:20:47. > :20:52.successful. The greatest national security threat is a nuclear Iran.

:20:52. > :20:58.Let's talk about China. China has an interest that is very much like

:20:58. > :21:08.ours in one respect, they want a stable world. They do not want war,

:21:08. > :21:08.

:21:08. > :23:08.Apology for the loss of subtitles for 119 seconds

:23:08. > :23:13.they do not want protectionism, Some people will say you start a

:23:13. > :23:17.trade war with China. Isn't there a risk that that could happen.

:23:17. > :23:21.Bestsellers about this much staff a year and we sell them about this

:23:21. > :23:26.much stuff here. It is pretty clear he does not want a trade war. There

:23:26. > :23:32.is one going on right now. It is a silent one. We have an enormous

:23:32. > :23:37.trade imbalance with China. It is worse this year than last year. We

:23:37. > :23:41.have to understand that we cannot just surrender and lose jobs year

:23:41. > :23:45.in, year out. We have to say to her friends in China, you guys are

:23:46. > :23:49.playing aggressively. This cannot keep going. You cannot keep holding

:23:49. > :23:54.down the value of your currency, stealing their intellectual

:23:54. > :24:01.property, counterfeiting a products, selling them around the world, even

:24:01. > :24:04.in the US. There is one thumping that makes about and they said they

:24:04. > :24:13.were having doubts come in that were broken and having to be

:24:13. > :24:16.repaired under warranty. They noticed one that they were more

:24:16. > :24:20.than one with the same serial number. There were counterfeit

:24:20. > :24:24.products being made overseas. They were being sold into El market and

:24:24. > :24:28.around the world as if they were made by the US competitor. This

:24:28. > :24:33.cannot go on. I want a great relationship with China. China can

:24:33. > :24:39.be a partner, but that does not mean they can roll all over us and

:24:39. > :24:43.steal their jobs. Governor Ronnie is right. You are familiar with

:24:43. > :24:48.jobs been shipped overseas because you invest in companies that shift

:24:48. > :24:54.jobs overseas. That is how the free market works. I have made a

:24:54. > :24:58.different bed on American workers. If we had taken your advice about

:24:58. > :25:02.our auto industry, we would be buying cars from China instead of

:25:02. > :25:05.selling cars to China. If we take tea at -- taking advice in respect

:25:05. > :25:10.to how we change our tax code so that companies that own profits

:25:10. > :25:14.overseas do not pay US taxes compared to companies here that pay

:25:14. > :25:20.taxes, that is estimated to Craig 800,000 jobs. The problem is they

:25:20. > :25:23.will be in places like China. If we are not making investments in

:25:23. > :25:26.education and basic research, which is not something that the private

:25:26. > :25:36.sector is doing at a sufficient pace right now and has never done,

:25:36. > :25:36.

:25:37. > :25:41.then we will lose the lead in With respect to what we have done

:25:41. > :25:51.with China already. US exports have doubled since I came into office to

:25:51. > :25:59.China. Currencies are at their most advantageous point since 1993. We

:25:59. > :26:05.have to make more progress. That is why we are going to keep on... Part

:26:05. > :26:10.of the reason why we are able to give it to the Asia-Pacific region

:26:10. > :26:17.after ending the war in Iraq entrance issuing out of Afghanistan,

:26:18. > :26:27.because this is going to be a massive growth area in the future.

:26:28. > :26:28.

:26:28. > :26:34.-- and making the transition out. We are working with countries in

:26:34. > :26:38.the region so that ships can pass through, commerce can continue. We

:26:38. > :26:41.are organising trade relations with countries other than China so that

:26:41. > :26:45.China feels more pressure about meeting basic international

:26:45. > :26:49.standards. That is the kind of leadership we have shown in the

:26:49. > :26:58.region, that is the kind of leadership we will continue to show.

:26:58. > :27:02.I want to take one of those points attacking me. The President

:27:02. > :27:12.mentioned the water industry and I would be in favour of jobs being

:27:12. > :27:19.

:27:19. > :27:29.elsewhere. -- auto. I was born in Detroit. My father was an auto

:27:29. > :27:31.

:27:31. > :27:35.maker. I would do nothing to harm the car industry in America. It was

:27:35. > :27:42.actually President Bush who signed the first cheques. The debt burden

:27:42. > :27:48.they have built up, I did not agree with it... That is not what is said.

:27:48. > :27:52.You need to take a look at the transcript. I said we would provide

:27:52. > :27:57.guarantees. That allowed these companies to go through bankruptcy

:27:57. > :28:01.and come out of bankruptcy. Under no circumstances would I do

:28:01. > :28:06.anything other than help the industry get on its feet. The idea

:28:06. > :28:16.that I would liquidate the industry, of course not! Let's check the

:28:16. > :28:19.record. Governor, the people of the Detroit do not forget. I have the

:28:19. > :28:24.commitment to make sure our industries in this country can

:28:24. > :28:31.compete and be successful. We can compete successfully with anyone in

:28:31. > :28:36.the world, we are going to tear. We will need a president who does not

:28:36. > :28:43.feel the President investing in car companies making electric battery

:28:44. > :28:49.cars... This is not research Mr President. This is not basic

:28:49. > :28:54.research. I want to invest in research. Research is great.

:28:54. > :29:03.Providing funding to universities is great, investing in companies,

:29:03. > :29:12.that is the wrong way to go faster I want to make sure we make America

:29:12. > :29:16.more competitive. -- to go. You are investing in companies, it makes it

:29:16. > :29:26.less likely for them to come here. The private sector is not going to

:29:26. > :29:29.

:29:29. > :29:35.invest in a solar company. Anyone out there can check the record. It

:29:35. > :29:40.keep on trying to airbrush history. You were very clear, you would not

:29:40. > :29:44.provide government assistance to the US companies even if they went

:29:44. > :29:53.through bankruptcy. He said they could get it in the private market

:29:53. > :29:57.place. That is not true. You are wrong. I am not wrong. More

:29:57. > :30:04.importantly, it is two in order for us to be competitive we are going

:30:04. > :30:08.to have to make some smart choices. -- true. Cutting the education

:30:09. > :30:13.budget is not a smart choice. Cutting investment in research and

:30:13. > :30:18.technology is not a smart choice. That will not help us compete with

:30:18. > :30:22.China. Bringing down our deficit by adding seven trillion dollars of

:30:22. > :30:26.tax cuts and military spending that the military is not asking for,

:30:26. > :30:30.before we get to the debt we currently have, that is not going

:30:31. > :30:34.to make us more competitive. Those are the kind of choices the

:30:35. > :30:39.American people face now. Having a tax code that is rewarding

:30:39. > :30:44.companies for shipping jobs overseas instead of here in the US,

:30:44. > :30:49.that will not make us more competitive. The one thing I am

:30:49. > :30:53.absolutely clear about, after a decade in which we saw adrift, jobs

:30:53. > :30:58.being shipped overseas, no-one championing American businesses and

:30:58. > :31:03.workers, we have now begun to make progress. We cannot go back to the

:31:03. > :31:13.same policies that got us into such difficulty in the first place. That

:31:13. > :31:16.

:31:16. > :31:21.is why we have to move forward and not back. I could not agree more

:31:21. > :31:26.about going forward. But I do not want to go back to the last four

:31:26. > :31:31.years. 23 million Americans are struggling to find a good job. When

:31:31. > :31:36.you came to office 32 million people on food stamps, today 47

:31:36. > :31:41.million people. When it came to office 10 trillion dollars in debt,

:31:41. > :31:47.now 16 trillion dollars in debt. It has not worked. You said we would

:31:48. > :31:53.be at 5.4% unemployment. We are 9 million jobs short of that. I have

:31:54. > :31:59.met some of those people. I met a young woman in Philadelphia who is

:31:59. > :32:05.coming out of college and cannot find work. People are just weeping

:32:05. > :32:09.about not being able to get work. It is just a tragedy. These last

:32:09. > :32:19.four matches have been so hard. That is why it is so critical we

:32:19. > :32:20.

:32:20. > :32:25.make America the place to build jobs and grow the economy. -- last

:32:25. > :32:35.four years. It is not going to happen just by hiring teachers. I

:32:35. > :32:37.

:32:37. > :32:43.love teachers. I'm not going to let... I love teachers. I want to

:32:43. > :32:49.get out private sector growing. think we all love teachers. Thank

:32:49. > :32:58.you so much for a vigorous debate. We have come to the end. It is time

:32:58. > :33:04.for a closing statement. Thank you. You have now heard three debates,

:33:04. > :33:09.months of campaigning and way too many TV commercials. May have got a

:33:09. > :33:15.choice. Over the last four years we have made real progress digging

:33:15. > :33:21.away out of policies that gave us two prolonged wars, record deficits,

:33:21. > :33:25.the worst economic crisis since the Great Depression. Mitt Romney wants

:33:25. > :33:30.to take us back to those policies. A foreign policy that is wrong and

:33:30. > :33:34.reckless. Economic policies that will not create jobs and will not

:33:34. > :33:39.reduce the deficit, but will make sure that folks at the top do not

:33:39. > :33:45.have to play by the same rules as you do. I have got a different

:33:45. > :33:49.vision for America. I want to bring manufacturing jobs back to our

:33:49. > :33:54.shores. Rewarding companies and small businesses investing here,

:33:54. > :34:00.not overseas. I want to make sure we have the best education system

:34:00. > :34:04.in the world. Retraining the workers of tomorrow. I want to

:34:04. > :34:08.develop oil and natural gas and also the energy sources of the

:34:08. > :34:12.future. I want to reduce the deficit by cutting spending we do

:34:12. > :34:17.not need but by asking the wealthy to do a little bit more. So we can

:34:17. > :34:21.invest in research and technology that are the key to a 21st century

:34:21. > :34:27.economy. As Commander In Chief I will remain -- maintain the

:34:27. > :34:32.strongest military in the world. To go after those who would do us harm.

:34:32. > :34:36.After a decade of war, we all recognise we have got to do so

:34:36. > :34:46.nation-building at home. We have got to build some roads and bridges

:34:46. > :34:47.

:34:47. > :34:51.and care for our soldiers who have advanced the cause of freedom. If I

:34:51. > :34:55.have the privilege of being your president for another four years I

:34:55. > :34:58.promise I will always listen to your voices, I will fight for your

:34:58. > :35:08.families. I'll make sure America continues to be the greatest

:35:08. > :35:13.

:35:13. > :35:20.I am optimistic about the future. I am excited about how prospects as a

:35:20. > :35:24.nature -- nation. A one to see peace. It is our objective. We have

:35:24. > :35:28.an opportunity for leadership to promote principles of peace which

:35:28. > :35:32.will make the world a safer place and make people of this country

:35:32. > :35:37.more confident that their future is secure. I also want to make sure

:35:38. > :35:43.that we get these economy going. There are to pass the country can

:35:43. > :35:49.go - one is a path which at the end of for years, we're trillion

:35:49. > :35:56.dollars in debt, heading towards Greece. The President's path will

:35:56. > :36:02.mean continuing decline in. I want to make sure we grow. The

:36:02. > :36:07.President's path means 20 million people out of work. I will get

:36:07. > :36:11.people out of work with 12 million new jobs. I'm going to get people

:36:11. > :36:15.off of food stands not by cutting the programme but by giving them

:36:15. > :36:21.good jobs. America is going to come back but we need to have a

:36:21. > :36:29.President who can work across the aisle. I was in a static show at

:36:29. > :36:34.his 7% democrat. -- I was in a state with 87% democrat. We will

:36:34. > :36:39.work with good democrats and good Republicans to do that. The station

:36:39. > :36:46.is the hope of the Earth. We have been placed by having a nation

:36:46. > :36:50.which is free and prosperous thanks to generations which have held the

:36:50. > :36:56.torch to see freedom and opportunity. It is outturn to take

:36:56. > :37:00.that torture and I'm convinced we will do it. -- it is outturn. I

:37:00. > :37:05.will work with you. I will leave you in an open and honest way. Ask

:37:05. > :37:09.for your vote. I would like to be the next President of the United

:37:09. > :37:16.States to help to support this great nation and maintain it as the

:37:16. > :37:21.hope of the Earth. Gentlemen, thank you so much. That brings to the end

:37:21. > :37:28.of the back. We want to thank the university and students for having

:37:28. > :37:38.us. I leave you with the words of my mother who said, go vote.

:37:38. > :37:45.

:37:45. > :37:47.Goodnight. We were live in a Boca Raton in Florida. Bob Schieffer

:37:47. > :37:56.winding up the third and final televised debate between Barack

:37:56. > :38:01.Obama and Mitt Romney. It has been described as pivotal, crucial. It

:38:01. > :38:06.is not often they are described that way. The first today

:38:06. > :38:13.transformed me Romney's campaign. With the polls and neck to neck,

:38:13. > :38:17.this could possibly be Important. Foreign policy and not in most

:38:17. > :38:21.voters' top five but people seem to care about their character of a

:38:21. > :38:31.Commander In Chief and this was about setting out how these two

:38:31. > :38:34.characters should act abroad. You have been saying this on Twitter,

:38:34. > :38:39.it was harder for the two to articulate clear differences

:38:39. > :38:45.between their approaches and very hard for the voters to spot them?

:38:45. > :38:48.If you wear an UN decider -- undecided voter, and you're going

:38:48. > :38:53.to make up your mind on foreign policy, really, there is not much

:38:53. > :39:03.difference. They spent most of the time when they were talking about

:39:03. > :39:07.

:39:07. > :39:10.foreign policy speaking about the And they may be a little bit of

:39:10. > :39:14.difference between them in terms of Iran that even that, when I was

:39:14. > :39:19.listening to him tonight, what he was presenting as his foreign

:39:19. > :39:26.policy was really almost identical to what the White House has been

:39:26. > :39:32.going. Will viewers around the world, how would America and that

:39:32. > :39:39.its foreign policy under a President Obama or a President

:39:39. > :39:44.running, it will continue to. less dynamic when both candidates

:39:44. > :39:48.have barn sitting down as compared to the last of the back. President

:39:48. > :39:54.Obama was at taking to the point where Mitt Romney had to say at

:39:54. > :39:58.taking me is not an agenda. There were a whole range of issues, every

:39:58. > :40:03.time you offered an opinion, you have been wrong. Nothing the

:40:03. > :40:07.Governor has just said is true. How do you think that will play? Barack

:40:07. > :40:10.Obama came into this deciding that what he did in the last debate,

:40:10. > :40:16.which was being more aggressive, worked better. He was going to be

:40:16. > :40:22.more engaged, more attacking. The criticism of the disastrous first

:40:22. > :40:27.debate was that he had been to Abson, lethargic, listless, had not

:40:27. > :40:31.attacked Mitt Romney. He has done the opposite and it has worked for

:40:31. > :40:37.him. When it comes to foreign policy, it is easier for the

:40:37. > :40:40.incumbent to have a certain amount of confidence. Barack Obama assumes

:40:40. > :40:44.automatically the role of Commander-in-Chief. He said during

:40:44. > :40:53.the course of the back, I am the Commander-in-Chief. I have the

:40:53. > :40:57.experience. This is what I have done. Try to gauge audience's

:40:57. > :41:02.response that worked really well. He can say this is a job I know

:41:02. > :41:12.about, I have kept she saved and, by the way, Osama Bin Laden is dead.

:41:12. > :41:12.

:41:12. > :41:18.That came up several times. I get these countries safe, that is the

:41:18. > :41:24.first job of the President - he said that if you Tahs. Mitt Romney

:41:24. > :41:31.found himself defending some of his policies at on class sizes and

:41:31. > :41:37.small businesses? It was Ms lively when candidates got back on a

:41:37. > :41:42.domestic policies. -- it was most lively. It is what voters want to

:41:42. > :41:48.hear about and where they have the most differences. As a debate, that

:41:48. > :41:53.is where you heard the most back and forth, the most antagonism

:41:53. > :41:57.because they do have real differences as to how they see the

:41:57. > :42:01.future of the American economy. There was quite a lot about

:42:01. > :42:06.domestic policy for a debate that was meant to be about foreign

:42:06. > :42:11.policy. We heard about teachers, the cart bailout, what they would

:42:11. > :42:17.do about stimulating growth in the American economy. He was not solely

:42:17. > :42:25.a debate about foreign policy. Domestic issue - there is a big

:42:25. > :42:32.difference. Foreign policy, there is not much difference. Mitt Romney

:42:32. > :42:36.praised Iraq Obama for ordering the killing of Osama Bin Laden. But he

:42:36. > :42:41.attacked the President on his foreign policy. I congratulate him

:42:41. > :42:45.on taking out Osama Bin Laden and going after the leadership in Al-

:42:45. > :42:51.Qaeda or we cannot cure for our way out this mess. We are going to have

:42:51. > :42:55.to put in place a comprehensive and robust strategy to help the world

:42:55. > :43:04.of Islam and other parts of the world reject these radical violent

:43:04. > :43:07.extremism. Make sure they're not hiding. They are involved in 10 or

:43:07. > :43:12.12 countries and it presents an enormous threat to our friends, to

:43:12. > :43:17.the world, to America long-term and we must have a comprehensive

:43:17. > :43:21.strategy to reject this kind of extremism. He also attacked the

:43:21. > :43:29.weakness of the United States and the prison and Obama. That line -

:43:29. > :43:35.we cannot kill away out of this mess, do you think it is resonant?

:43:35. > :43:41.It is a different line from the line he used in previous foreign

:43:41. > :43:46.policy discussions. He gave a speech a couple of weeks ago which

:43:46. > :43:50.sounded quite a lot more President Bush second inaugural address where

:43:50. > :43:54.he laid out the need for America to promote democracy around the world.

:43:54. > :43:57.It talked about tyranny and oppression and that America would

:43:57. > :44:01.fight for liberty and freedom. That is the kind of language of

:44:01. > :44:06.President Bush. It is the kind of language just terrible of the neo-

:44:06. > :44:11.conservative advisers who work on the Romney campaign. Tonight we had

:44:11. > :44:15.a much more moderate sounding Mitt Romney. Much more reticent about

:44:15. > :44:21.getting involved in military activities abroad. Much more in

:44:21. > :44:26.line with what President Obama has done. That line, it was directed

:44:26. > :44:30.particularly at women voters. They poll has been very reluctant for

:44:30. > :44:34.American military involvement abroad. It was directed at them. It

:44:34. > :44:38.was one of Mitt Romney's better lines of the night. President Obama

:44:38. > :44:42.said he would do all he could to support serious but he warned that

:44:42. > :44:46.any further involved may not be a good idea. The Syrians again to

:44:46. > :44:51.have to determine their own future. Everything we are doing we're doing

:44:51. > :44:55.in consultation with our partners, including Israel, which has a keen

:44:55. > :45:01.interest in seeing what happens. Co-ordinating with Turkey and other

:45:01. > :45:04.countries in the region. What we're seeing taking place in Syria is

:45:04. > :45:10.heartbreaking and that is why we are going to do everything we can

:45:10. > :45:16.to make sure we are helping the opposition but we also have to

:45:16. > :45:24.recognise that for us to get more and tangled militarily in Syria is

:45:24. > :45:33.a serious step. He called Syria and opportunities for the US. Seeing

:45:33. > :45:38.Syria remove our son is a high priority. And to make sure --

:45:38. > :45:42.remove President Assad. We do not want to get dragged into a military

:45:42. > :45:48.conflict. We need to work through our partners and resources to

:45:48. > :45:53.identify responsible parties within Syria, organise them, bring them

:45:53. > :45:58.together in a form of if not government a form of council.

:45:58. > :46:02.hard to see daylight between the two on this. Precious few American

:46:02. > :46:07.voters want see the country involved in another war? There is

:46:07. > :46:12.no appetite for any kind of military engagement in Syria. They

:46:12. > :46:16.both said they want to get rid of President Assad and are worried

:46:16. > :46:24.about the regional implications. There is some wriggle room in the

:46:24. > :46:30.sense that made Romney is suggested they should directly arm of the

:46:30. > :46:38.rebels. The White House shied away from that. The arms they have been

:46:38. > :46:43.so far supplied by Katter and Saudi Arabia are falling into the hands

:46:43. > :46:46.not of the rebels. It is a complicated area for Mitt Romney

:46:46. > :46:55.and not one where there is any appetite at all amongst the

:46:55. > :47:04.American voters. The Republicans saw a chance to attack President

:47:04. > :47:08.Obama on the way they characterise his policy on Israel. My strategy

:47:08. > :47:13.is straightforward - go after the bad guys, make sure we do the best

:47:13. > :47:17.to interrupt and kill them, to take them out of the picture but my

:47:17. > :47:22.strategy is broader than that. That is important, of course, but the

:47:22. > :47:27.key we have to pursue his a pathway to get the Muslim world to reject

:47:27. > :47:33.extremism on its time. We do not want another Iraq, Afghanistan.

:47:33. > :47:38.That is not the right cause. We need to make sure we go after the

:47:38. > :47:47.leaders of his anti-American groups, these jihadist. Governor Romney

:47:47. > :47:55.painted a picture of the rising tide of chaos, he used that phrase,

:47:55. > :47:58.it is a direct echo of President George W Bush. We go after the bad

:47:58. > :48:02.guys, attack of a President Bush but in the same answer he said we

:48:02. > :48:07.do not want another Iraq or Afghanistan. Distancing himself

:48:07. > :48:13.from the policies of his predecessor and, by the way, some

:48:13. > :48:17.of the advisers on his policy attain. There is a mixed message.

:48:17. > :48:27.He gets to a broader point which Americans are concerned about and

:48:27. > :48:32.

:48:32. > :48:42.that is what is Americain role in post Africans bring. -- that

:48:42. > :48:47.

:48:47. > :48:57.President Obama has not found -- Let stock about Iran, which Mitt

:48:57. > :49:03.Romney described as the greatest security threat to the US. -- lets

:49:03. > :49:12.talk about. This is the biggest whopper that has been told during

:49:12. > :49:22.the campaign. When it comes to tightening sanctions, look, one we

:49:22. > :49:27.put in the most crippling sanctions ever. When we were doing this,

:49:27. > :49:37.you're still invested in a Chinese state oil doing business with the

:49:37. > :49:39.

:49:39. > :49:43.Iranian oil sector. We are four years closer to a nuclear Iran. The

:49:43. > :49:49.reason I call it an apology, because you went to the Middle East

:49:49. > :49:59.and you flew to Egypt and Saudi Arabia and to Turkey and Iraq, by

:49:59. > :50:05.the way, you skipped Israel. They noticed that you skipped Israel. In

:50:05. > :50:15.those nations you said America had been dismissive. He said America

:50:15. > :50:25.had dictated to other nations. -- you said. Mitt Romney's first

:50:25. > :50:30.

:50:30. > :50:35.foreign trip as leader as -- was disastrous. Has he overcome that?

:50:35. > :50:39.This was probably his weakest debate. I would say President Obama

:50:39. > :50:45.won the debate. That is not surprising, he is Commander-in-

:50:46. > :50:50.Chief. Having said that, I think for people who were leaning in his

:50:50. > :51:00.direction, he did not make any major mistakes. He came across as

:51:00. > :51:01.