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US Presidential Debate

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Cold Arctic air flooding in from the North accompanied by chilly

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Welcome. In just a few minutes, it will bring you the third and final

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live televised debate between the two candidates for the presidency

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of the US. It is coming from a university in Florida. It will be

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moderated by a veteran journalist. It will be focused on foreign

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policy. Each candidate will outline how they think the US should act

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abroad. It is a 90-minute debate. And 615 minutes segments. The

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topics are: America's role in the world, the country's longest war it

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- Afghanistan, Pakistan, Israel and Iran, the changing Middle East, the

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new face of terrorism, and the rise of China.

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This is your fourth US presidential election campaign. You know how

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this works. Foreign policy does not figure into the top five of most

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voters' concerns. The economy is at the top. But people do care about

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the character of their Commander- in-Chief. They did. The American

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President is an elected official. He is the ceremonial head of state.

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He is the Commander-in-Chief. They want to know that the person who is

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leading the world's largest military is a strong, decisive,

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clear in what his vision is for America. That is what Barack Obama

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is going to try and save. He will say this is what I have achieved in

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deep four years. He was the guy that got a Osama Bin Laden. It has

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given him the lead in the polls when it comes to national security.

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Mitt Romney's job is to say that he is not as strong as he should be.

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He has apologised to foreign leaders. You're thinking about

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cutting defence payments. And that he would make a stronger and more

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decisive Commander-in-Chief. Those are the battle lines in which that

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debate will be fought. The words pivotal and crucial are being used

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in the media about this debate. You would not normally hear about that.

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The first one transformed Mitt Romney's campaign. Tiny slips can

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matter. They can give momentum or plant it. Before the Oyster Bay

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season, I probably would have said you that presidential debates do

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not sway opinion polls very much. They did not have much impact on

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how the election turns out. The last when that people talk about is

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the 1980 debate between President Carter and Ronald Reagan. This year,

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it has been different. That first debate was seen as critical. Up

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until then, Barack Obama had been ahead in the polls. He gave a bad

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performance during the first debate in Denver. Since then, Mitt Romney

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has been closing in all of the polls. The National and the

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important swing state polls. It is a year where debates are really

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have mattered. They have had record high audiences. Even though it is

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about foreign policies and most Americans say they are interested

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in the state of the economy, we are expecting a big viewing audience.

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You have raised this question in much of your coverage. This

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campaign has been going on for two years. Many people have already

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voted. Despite our talk of these few swing states, you have to

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wonder how many undecided voters there can be. It seems remarkable.

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We have had an election campaign for at least two years with that

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really long primary season. We had hundreds of millions of dollars

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spent on television advertising which the poor people in the swing

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states have seen ad nauseam. But some people have not made their

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minds up. Will this be the moment? Would this be the 90 minutes to

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give them a decision? Or will they just be ticking a box at the toss

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of a coroner at the very end? There are still some undecided voters.

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These men will be trying to win those voters over. There are only

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eight or nine states which will decide this election. The majority

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of the people have already committed. There is a very fair and

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a sliver of people within those debates. A very tiny proportion of

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Just waiting for the two can do dates to come out. Just briefly,

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you would generally think that a sitting president would have the

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edge in a foreign policy debate, but really, there is a lot to play

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for. That is the interest. who got Osama Bin Laden. How many

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times holiday do he him say that tonight. That is his trump card.

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Here we go. Barack Obama and Mitt Romney for their final presidential

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Gentlemen, your campaigns have agreed to certain rules and they

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are simple. They have asked me to divide the evening into segments.

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By will pose a question at the beginning of each segment. You will

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each have two minutes to respond and then we will have a general

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discussion until we move to the next segment. Tonight's debate

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comes on the 50th anniversary of the night President Kennedy told

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the world that the Soviet government had installed nuclear

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missiles in Cuba. It was the closest we have ever come to

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nuclear war. It is a sobering reminder that every President faces

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an unexpected threat to our national security from abroad. The

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first segment is a challenge of a changing Middle East and the new

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face of terrorism. I will put this into two segments. You'll have to

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top the questions within the one segment. -- two topic questions.

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The first question concerns Libya. The controversy over what happened

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there continues. For Max American added -- four Americans are dead,

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including the ambassador. Was it spontaneous, was it a policy

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failure? Was then attempt to mislead people about what really

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happened? Governor Romney, you said this was an example of an American

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policy in the Middle East that is unravelling. I would like to hear

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each of you give your thoughts on that. Governor Romney, you won the

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toss, you go first. They expect to the university for welcoming us

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here tonight and Mr President is good to be with you again. This is

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obviously an area of great concern to the entire world and to America

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in particular, which is to see a complete change in the structure

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and the environment of the Middle East. With the Arab Spring came a

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great deal of hope that there would be a change toward more moderation

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and opportunity for greater participation on the part of women

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in public life and in economic life in the Middle East. Instead we have

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seen in nation after nation a number of disturbing events. We see

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30,000 civilians killed in so really -- in Syria by the

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Government. In the beer, we see an attack apparently by a terrorists

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of some kind against Dow people there. -- in Libya. Mali has been

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taken over by Al-Qaeda type individuals. In Egypt we have a

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Muslim Brotherhood president and what we are seeing is a pretty

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dramatic reversal in the kind of Pope's we had for that region. The

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greatest threat of all is Iran. Four years closer to a nuclear

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weapon. We have to recognise that - I congratulate the President of

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going after Osama Bin Laden and taking up the leadership of Al-

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Qaeda, but we cannot kill away 80 business. We have to put in place a

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Brew Bar strategy to reject the violent radicalism which is

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certainly not on the run. It is not hiding. This is a group that is

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involved in 10 or 12 countries. It presents an enormous threat to our

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friends, to the world and to America. We must have a

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comprehensive strategy to help reject this kind of extremism.

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President. My first job as Commander In Chief is to keep the

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American people safe. That is what we have done over the past four

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years. We ended the war in Iraq, and focused attention on those who

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actually killed us on 9/11. As a consequence Al-Qaeda's core

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leadership has been decimated. In addition we are now able to

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transition out of Afghanistan in a responsible way, making sure that

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Afghan state responsibility for their own security. That allows us

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to rebuild alliances and bake friends around the world to combat

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future threat. In respect to Libya, when we received the phone call, I

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immediately made sure that we did everything we could to secure those

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Americans who were still in harm's way. Secondly, we wanted to

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investigate exactly what happened and finally, we would go after

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those who killed Americans and we would bring them to justice. That

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is exactly what we are going to do. It is imported to step back and

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think about what happened in Libya. Keeping mind that I, and Americans,

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took leadership in organising an international coalition that made

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sure that we were able to, without putting troops on the ground and at

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the cost of this the more we spent in two weeks in Iraq, liberate a

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country that had been under dictatorship for 40 years. We got

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rid of a despot who do it -- Despard who had killed Americans.

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Despite the tragedy, there were tens of dozens of Libyans marching

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and saying, America is our friend. -- tens of thousands. That

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represents the opportunity we have to take advantage of. I am glad

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that you agree that we have been successful in going after Al-Qaeda.

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I have to tell you that your strategy previously has been one

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that's all over the map. It is not designed to keep American safe or

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to build on the opportunities that exist in the Middle East.

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strategy is pretty straightforward, which is to go after the bad guys

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and make sure we do our very best to interrupt them, to kill them, to

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take them out of the picture. My strategy is broader than that. That

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is important, of course, but the key that we are going to have to

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pursue is a pathway to get the Muslim world to be able to reject

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extremism on its own. We do not want another Iraq or Afghanistan.

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rus. The right course is to go after the people who are the

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leaders of the various groups, but also helped the Muslim world. How

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do we do that? A group of Arab scholars came together to look at

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how we can help the world reject these terrorists. The answer they

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came up with was this, we should keep their foreign aid to make sure

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that we pus that we pusd give them more economic development. Number

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two, better education. Number three, gender equality. Number four, the

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rule of law. We have to help these nations create civil societies.

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What has been happening over the past few years is as we have

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watched this rising tide of chaos occurred you see Al-Qaeda rushing

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in. You see other groups rushing in. They are throughout many nations in

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the Middle East. It is wonderful that Libya seems to be making some

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tragedy, but next all we have Egypt. Egypt has 80 million people. We

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want to make sure that we are throughout the Middle East. With

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Syria having Bashar al-Assad continue to kill his own people.

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This is a region into malt. Let's give the President a chance. I am

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glad that you recognise the Al- Qaeda is a threat because a few

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months ago when you ask what is the America you said Russia. Not Al-

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Qaeda. The Qaeda. The o ask for their foreign policy back. The

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Cold War has been over for 20 years. When it comes to a foreign policy,

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you seem to want to import the foreign policies of the 1980s, just

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like the social policies of the 1950s and the economic policies of

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the 1920s. You say that you're not interested in duplicating what

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happened in Iraq, but just a few weeks ago you said that you think

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we should have more troops Iraq right now. The challenge we have, I

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know you have not been in a position to actually execute

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foreign policy, but every time you have offered an opinion, you have

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been wrong. You said we should have that there were no weapons of mass

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destruction. You said that we should still have troops in Iraq to

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this day. You indicated that we should not be passing nuclear

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treaties with Russia, despite the fact that 71 senators, democrats

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and Republicans, voted for it. He had said that first we should not

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have a timeline in Afghanistan, then you should -- that you said we

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should. Now you say may be, or it depends. It means not only are you

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wrong, but you're all so confusing and sending mixed messages. What we

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need to do with respect to the Middle East is strong, steady

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leadership, not wrong and reckless leadership that's all over the map.

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Unfortunately that is the kind of opinions that you have offered to

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this campaign and it is not a recipe for American strength or

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keeping America safe. I will add a couple of minutes to give you a

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chance to respond. I do not concur with what the President said about

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my own record and the things I I can say this - we are talking about

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the Middle East and had to help the Middle East reject the kind of

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terrorism we are seeing. Attacking me is not an agenda. Attacking me

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is not talking about how we will deal with the challenge is that

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exist in the Middle-Eastern take advantage of the opportunity there.

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I will respond to a couple of things you mention. Russia

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indicated is a geopolitical foe, and I said in the same paragraph

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that Iran is the greatest national security threat we face. Russia

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does continue to battle last in the UN time and time again. I have

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clear rise on this. I am certainly not going to say to Mr Putin that

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I'll give him more flexibility after the election. Number two,

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with regards to Iraq, you and I agreed that they should have been a

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Status of forces Agreement. What I would not have done is that 10,000

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troops in Iraq that would tie us down. That certainly would not help

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us in the Middle East. There was an effort on the part of the President

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to have a status of forces that the agreement and I concurred in that.

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I said there should be a number of troops that stayed on. Governor...

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That was my posture as well. You thought it should have been five

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dozen troops. I thought it should have been more. -- 5,000. Just a

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few weeks ago you indicated that we should still have troops in Iraq.

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No I didn't. I indicated that you fail to put in place a status of

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forces Agreement at the end of the conflict. Here is one thing I have

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learned as Commanding in Chief. You have to be clear. Birth to our

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allies and their enemies. The new just gave a speech a few weeks ago

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in which you said we should still have drooped -- troops in Iraq.

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That is not a recipe to make sure we are taking advantage of

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opportunities in the Middle East. It is absolutely true that we

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cannot just be these challenges know it -- militarily what I have

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done throughout my presidency and continue to do is number one,

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making sure these countries are supporting how counter-terrorism

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efforts. Number two, make sure they are standing by interests and

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Israel's security. We do have to make sure we are protecting

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religious minorities and women because these countries cannot

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develop Armas all the population, not just half of it, is developing

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with it. We have to develop their economic capabilities, but number

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five, the other thing we have to do is recognise that we cannot

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continue to do nation-building in these regions. Part of American

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leadership is making sure we are doing nation-building at home. That

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will help us maintain the kind of Let me interject the second topic

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question and that he is, you both alluded to this, and that is Syria.

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The war in Syria has spilled over in the banana. More than 100 people

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were killed there in a barn. There were demonstrations there, eight

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people dead. It has been more than one years since he told President

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Assad he had to go. There'd 1,000 Syrians have died. 300,000 refugees,

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the war goes on. -- 30,000 Syrians. What we have done is organise the

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International Committee, saying President Assad has ago. We have

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mobilised sanctions against a government. We have made sure they

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are isolated. We are providing humanitarian assistance and we are

:20:15.:20:25.
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helping the organisation. Syria will have to determine their own

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future. Everything we're doing we're doing in consultation with

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our partners which include Israel. We are co-ordinating with Turkey

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and other countries in the region that have a great interest in this.

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What is taking place in Syria is heartbreaking. That is why we are

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going to do everything we can to help the Opposition. But we also

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have to recognise that for us to get more entangled in Syria is a

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serious step. We have to do so, making absolutely certain winner

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who we're helping and that we're not putting arms in the hands of

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folks who can turn them against us all -- or allies in the region. I

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am confident that per the Assad's days are numbered. -- President.

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Let's talk about what is happening in sea air and how important it is.

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30,000 people being killed by their government is a humanitarian

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disaster. Syria is an opportunity for us because they play an

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important role in the Middle East. It is Iran's only ally in the Arab

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world. Says seeing Syria removed President Assad is a higher

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priority for us. Making sure be replacing government is responsible

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is important to us. We do not want to be drawn into a military

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conflict. The right thing for us is working with our partners and

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identifying responsible parties in Syria, organising them and bringing

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them together in a form of a council that can take the lead in

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Syria and then make sure they have the arms necessary to defend

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themselves. We do need to make sure they do have answer go into the

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wrong hands. They could be used to have asked down the road. We must

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co-ordinate these efforts with our allies, especially Israel. Many

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countries are concerned about this, they are willing to work with us.

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We need to have an effective leadership affair in Syria to make

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sure the insurgents are armed and that those who are armed will be

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the responsible parties. I believed President Assad Moscow, I believe

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he will go. We have to make sure we have the relationships and

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friendships with the people who take his place. For the years to

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come, we will see Syria as a friend. This is a critical opportunity for

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America. The President said they were let the UN deal with it. And

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Kofi Annan came in and try to have a ceasefire. That did not work.

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Then they look to the Russians. We should be playing the leadership

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role. Not on the ground with military. We are playing debilitate

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-- leadership role. We are mobilising support. We are making

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sure that those we help of those who will be friends of ours in the

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long-term and the friends of our allies. Going back to Libya, this

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is an example of how we make choices, when we went into Libya,

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we were able to immediately stop the massacre because of the unique

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circumstances and the coalition we helped to organise. We have to make

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sure that Gaddafi did not say that. To the Governor's credit, you

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supported us going into Libya and the coalition. When it came to make

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sure that Gaddafi did not stay in power, your suggestion was that

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this was mission model. Imagine if we had pulled out at that point. He

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had more American blood on his hands than any individual rather

:24:49.:24:53.

than a Osama Bin Laden. We were going to make sure we finished the

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job. That is part of the reason why the Libyans still with us. We did

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so in a careful and thoughtful way, making certain we knew we were

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dealing with. And that those forces of moderation on the ground will

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once we could work with. We had to do the same leadership on a came to

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Syria. That is exactly what we're doing. Governor, were you go beyond

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what the administration would do? Would you put in no-fly zone is

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over Syria? I didn't not want our military involved in Syria. -- do

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not. Our objectives are to replace President Assad and have a new

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government which will be friendly to us. I want to make sure they get

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arms. And they have the arms necessary. I did not want to see a

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military involvement on the part of our troops. It would not be

:25:55.:26:00.

necessary. We have sufficient resources with our partners in the

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region to support those groups. It has been going on for a year. It

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should have been a time for American leadership. We should have

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brought together the responsible parties. The insurgents are highly

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desperate. They have not come together, they have not formed a

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council of some kind. That needs to happen. We need to make sure they

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have the arms they need to carry out the very important role which

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:26:44.:26:44.

is getting rid of President Assad. He does not have different ideas.

:26:44.:26:48.

That is because we are doing exactly what we should be doing to

:26:48.:26:55.

try to promote a moderate Syrian leadership and an effective

:26:55.:26:59.

transition so we get President Assad out. That is the kind of

:27:00.:27:04.

Lisha we have shown and the leadership we will continue to show.

:27:04.:27:10.

-- leadership. During the Egyptian turmoil, you said it was time for

:27:10.:27:20.
:27:20.:27:21.

Hosni Mubarak to go. Do you have any regrets about that? I do not.

:27:22.:27:26.

America needs to stand with democracy. The notion that we would

:27:26.:27:31.

have tax running over the young people in Tahrir Square is not the

:27:31.:27:38.

kind of leadership JFK talked about 50 years ago. What I also said is

:27:38.:27:43.

now that we have a democratically elected government in Egypt, they

:27:43.:27:47.

must make sure they take responsibility for protecting

:27:47.:27:50.

religious minorities. We will put significant pressure on them to

:27:50.:27:55.

make sure they are doing it. To recognise the rights of women which

:27:55.:27:59.

is critical throughout the regions. They cannot develop if young women

:27:59.:28:05.

are not given the kind of education they need. They need to abide with

:28:05.:28:13.

their treaty with Israel. Not only is his role's security is at stake,

:28:13.:28:23.
:28:23.:28:27.

so is ours. -- is Israel's. What will make the Egyptian Revolution

:28:27.:28:31.

successful is that the young people are seeing opportunities. Their

:28:31.:28:36.

aspirations are similar to those here. They want jobs, they want to

:28:36.:28:40.

see their kids going to a good school. They want to make sure they

:28:40.:28:45.

have a roof over their heads. They want a better life for the future.

:28:45.:28:49.

One of the things we have been doing is organising conferences

:28:49.:28:55.

where these Egyptians can have a sense of how they can rebuild their

:28:55.:29:00.

economy which is not corrupt and transparent. What is also important

:29:00.:29:04.

is that for America to be successful in this region, there

:29:04.:29:10.

are some things we have to do at home as well. One of the challenges

:29:10.:29:15.

over the last decade as we experimented with nation-building

:29:15.:29:20.

in places like Iraq and Afghanistan, we have neglected in developing our

:29:20.:29:26.

own economy, our own education system. It is very hard to project

:29:26.:29:33.

leadership around the world when we are not doing what we need. Mitt

:29:33.:29:43.
:29:43.:29:43.

Romney, which you have stuck with a Hosni Mubarak? No. I wish we had a

:29:43.:29:48.

better vision of the future. Looking back at the beginning of

:29:48.:29:53.

the President's term, I wish we had recognise the growing energy and

:29:53.:29:57.

passion for that part of the world and we would have worked more

:29:57.:30:00.

aggressively with our friend and other friends in the region to help

:30:00.:30:06.

them make the transition so that it did not explode the way that it did.

:30:06.:30:14.

But once it exploded, I felt the same as the President did. The

:30:14.:30:19.

people were speaking of our principles. Hosni Mubarak did

:30:19.:30:26.

things that were unimaginable. Let me step back and let me talk about

:30:26.:30:30.

what our mission should be in the Middle East and even more broadly.

:30:30.:30:35.

Our purpose is to make sure the world is peaceful. We want a

:30:35.:30:40.

peaceful plan. We want people to enjoy their lives and not be at war.

:30:40.:30:44.

That is our purpose. The mantle of leadership in promoting the

:30:44.:30:49.

principles of peace is falling on America. We did not ask for it but

:30:49.:30:57.

it is an honour to have it. We need to be strong. It begins with a

:30:57.:31:04.

strong economy, but unfortunately, the economy is not strong. The

:31:04.:31:08.

President of Iran says out that does not make us a great country.

:31:08.:31:15.

That is a frightening thing. The joint chief of staff said our debt

:31:15.:31:18.

is the biggest national security threat we face. We need a strong

:31:18.:31:24.

economy. We need a strong military. Ours is second to none in the world.

:31:24.:31:33.

We are blessed with terrific soldiers and technology. We need to

:31:33.:31:38.

have strong allies. Our association and connection with our allies is

:31:38.:31:45.

the central to our strength. We are the great nation that has for the

:31:45.:31:50.

two allies. We need to stand by our principles. If we are strong with

:31:50.:31:56.

all of this, our influence will grow. Unfortunately, our influence

:31:56.:32:03.

is not greater anywhere than it was four years ago. That is a perfect

:32:03.:32:09.

segue into our next segment. That is, what is America's role in the

:32:09.:32:19.
:32:19.:32:20.

world? What do you see as our role in the world? I absolutely believe

:32:20.:32:26.

that America has a responsibility and the privilege of helping defend

:32:26.:32:30.

freedom and promote the principles which make the world more peaceful.

:32:30.:32:36.

Those principles included human rights, human dignities, free

:32:36.:32:41.

enterprise, freedom of expression, elections - people tend to vote for

:32:41.:32:47.

peace. We want to promote those principles are round the world. We

:32:47.:32:51.

recognise there are places of conflict around the world. We won

:32:51.:32:56.

to end this conflict. But in order to be able to fulfil I'll role in

:32:56.:33:03.

the world, America must be strong. We must lead. For that to happen,

:33:03.:33:08.

we must strengthen our economy at hand. You can I have 23 million

:33:08.:33:13.

people struggling to get a job. You cannot have an economy that is

:33:13.:33:17.

slowing down in its growth rate. You can or have key is coming out

:33:17.:33:22.

of college and half of them of finding a job. We have to get the

:33:22.:33:26.

economy going. We have to strengthen our military. We do not

:33:26.:33:36.
:33:36.:33:37.

know what the world will throw out -- at last down the road. In the

:33:37.:33:41.

2000 are based, there were no mention of terrorism. Then one year

:33:41.:33:49.

later, 9/11. I would not cut the military budget. We also have to

:33:49.:33:53.

stand by our allies. The tension between Israel and the US was very

:33:53.:33:59.

unfortunate. And pulling out missal defence arm of Poland and the way

:33:59.:34:06.

we did was also unfortunate. It disrupted the relationship in some

:34:06.:34:14.

ways. When the students took to the streets in Tehran, and the people

:34:14.:34:18.

protest at, the green revolution occurred. For the President to be

:34:18.:34:23.

silent, I thought that was an enormous mistake. We need to stand

:34:23.:34:31.

for a principle, allies and our economy. America remains the one

:34:31.:34:38.

indispensable nation. The world needs a strong America. Because we

:34:38.:34:43.

entered the war in Iraq, we were able to refocus attention. Not only

:34:43.:34:48.

on the terrorists affect but the transition progress in Afghanistan.

:34:48.:34:52.

It allowed us to refocus on relationships that were neglected

:34:52.:35:00.

for a decade. How alliances have never been stronger. In Asia,

:35:00.:35:06.

Europe, Africa. With his role, where we have unprecedented

:35:06.:35:13.

military and intelligence co- operation. But what we have been

:35:13.:35:17.

also been able to do is reposition ourselves so we can start

:35:17.:35:22.

rebuilding America. That is what Mike Rann does. Making sure we

:35:22.:35:27.

being manufacturing back to our shores. Like what we did in the

:35:27.:35:32.

order industry. Making sure we have the best education system in the

:35:32.:35:36.

world, including retraining our workers for the jobs of tomorrow.

:35:36.:35:41.

Doing everything we can to control our energy. We cut out oil imports

:35:41.:35:49.

to the lowest levels in two decades. We also have to develop clean

:35:49.:35:56.

energy technology. That is the kind of Ladyship we need to show. We

:35:56.:36:05.

We have to do it in a responsible way by cutting it spending we do

:36:05.:36:10.

not need, but also asking the work is to pay a little bit more. That

:36:10.:36:13.

way we can research in the technology that has always kept us

:36:13.:36:19.

in the cutting edge. Governor Romney has taken a different

:36:19.:36:23.

approach throughout this campaign. He has proposed wrong and reckless

:36:23.:36:29.

policies. He is praised George Bush as a good economic stalwart and

:36:29.:36:33.

Dick Cheney as someone who shows great judgement. Taking us back to

:36:33.:36:36.

those strategies that got us into the mess are not the way that we

:36:36.:36:43.

are going to maintain string. and reckless policies? I have a

:36:43.:36:48.

policy for the future. An agenda for the future. When it comes to

:36:48.:36:52.

the economy, I know what it takes to create 12 million jobs and

:36:52.:36:56.

rising take-home pay. What we have seen over the past four years is

:36:56.:36:59.

not what I want to see over the next four years. He said we would

:36:59.:37:05.

be at 5.4% unemployment. We are 9 million jobs short of that. I will

:37:05.:37:09.

get America working again. I would do it with five simple steps.

:37:09.:37:13.

Number one, we are going to have North American energy independence.

:37:13.:37:18.

We will do it by taking full advantage of oil, coal, gas,

:37:18.:37:25.

nuclear and renewables. Number two, we will increase outrage. --

:37:25.:37:30.

outrage. Particularly in Latin America. The opportunities there we

:37:30.:37:35.

have just not taken advantage of. But an America's economy is almost

:37:35.:37:41.

as big as the economy of China. Latin America is a huge opportunity

:37:41.:37:46.

for us. Time-zone, language opportunities. Number three, we

:37:46.:37:49.

will have training programmes that will work for our workers and

:37:49.:37:55.

schools that finally put the parents and teachers and kids first.

:37:55.:38:00.

Then we're going to have to get to a balanced budget. We cannot expect

:38:00.:38:04.

entrepreneurs and businesses to take their life savings or the

:38:04.:38:07.

company's money and invest in America if they think we're headed

:38:07.:38:10.

to the road to Greece. That is where we are going right now unless

:38:10.:38:16.

we get of the spending and borrowing binge. Finally, number

:38:16.:38:22.

five, we have to champion the small business. Small business is where

:38:22.:38:25.

jobs come from. Two-thirds of our jobs come from small businesses.

:38:25.:38:30.

New business formation is down to the lowest level in 30 years under

:38:30.:38:33.

this administration. I want to bring it back and get back good

:38:33.:38:37.

jobs and rising to a campaign. Let's talk about where we need to

:38:37.:38:40.

compete. He talks about small businesses, but Governor, when

:38:40.:38:46.

you're in Massachusetts, small businesses Rank about 48 that of 50

:38:46.:38:51.

states. The policies you're promoting do not help small

:38:51.:38:55.

businesses. The way you define small businesses include folks at

:38:55.:38:59.

the very top. They include you and me. That is not the kind of

:38:59.:39:03.

promotion we need. Let's take an example that we know it's going to

:39:03.:39:07.

make a difference. That is our education policy. We did not talk

:39:07.:39:11.

about this in the last debate much. Under my leadership, what we have

:39:11.:39:18.

done his reform education, working with governors of 46 days. We have

:39:18.:39:21.

seen progress and games in schools that were having a terrible time

:39:21.:39:26.

and they are finally making progress. What I want to do now is

:39:26.:39:28.

higher more teachers especially in maths and science because we know

:39:28.:39:32.

that we have fallen behind when it comes to maths and science. Those

:39:32.:39:36.

teachers can make a difference. Governor Romney, when you asked by

:39:36.:39:40.

teachers whether or not this would help the economy grow, you said it

:39:40.:39:45.

would not help it. When you ask about reduced class sizes, you said

:39:45.:39:48.

class sizes do not make a difference. I tell you, if you talk

:39:48.:39:54.

to teachers, they will tell you does make a difference. If we have

:39:54.:39:57.

maths teachers who are able to provide the kind of support that

:39:57.:40:01.

they need for our kids, that is what is going to determine whether

:40:01.:40:08.

or not the new businesses are created here, companies here and

:40:08.:40:11.

the kind of budget proposals that you have put forward, when we do

:40:12.:40:17.

not ask your me to pay a time more in terms of reducing debts, but

:40:17.:40:20.

instead we slash support for education, that is undermining our

:40:20.:40:24.

long-term competitiveness. That is not good for America's position in

:40:24.:40:30.

the world. And the will be notices. That may get better foreign policy.

:40:30.:40:37.

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

:40:37.:40:40.

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

:40:40.:40:45.

look at how well our kids are doing. 4th graders and a Craig is a tested

:40:45.:40:50.

in English and maths. While I was governor I was proud that afford

:40:50.:40:58.

Craig is came out number one in all 50 states. Also in maths. Also in

:40:58.:41:03.

the 8th grade. Headed we do that? Republicans and Democrats came

:41:03.:41:06.

together on a bipartisan Ben -- basis to put in place education

:41:06.:41:10.

principles that focused on having great teachers in the classroom.

:41:10.:41:14.

That was what allowed us to become the number one stake in the nation.

:41:14.:41:18.

That was ten years before you took office. And then you cut education

:41:18.:41:22.

spending money came into office. And we get Gaskell's number one in

:41:22.:41:26.

the nation. The principles that we put in place, we also tickets not

:41:26.:41:28.

just a graduation exams are determined whether they were up to

:41:29.:41:34.

the skills needed to compete, but also if they graduated in the top

:41:34.:41:39.

quarter of their class, they got a for you to Russian ride at any

:41:39.:41:45.

Massachusetts public to judge -- institution. I am going to try and

:41:45.:41:49.

shift it because we have heard some of this in the other debates.

:41:50.:41:54.

Governor you say you want a bigger military. You want a bigger Navy. Q

:41:54.:42:00.

do not want to cut defence spending. I were to ask you about financial

:42:00.:42:06.

problems in this country. Where are you going to get the money? First

:42:06.:42:10.

of all I am going through from the very beginning. We are going to cut

:42:10.:42:15.

about 5% of the discretionary budget, excluding military. Can you

:42:15.:42:21.

do this without... A will be happy to have you take a look. Come to

:42:21.:42:28.

our website. We will have a balanced budget within eight-ten

:42:28.:42:32.

years. The first thing I get rid of his the healthcare package. There

:42:32.:42:41.

are a number of things that sound good, but we cannot afford them. We

:42:41.:42:44.

would take programme after programme that we do not absolutely

:42:44.:42:49.

have to have and we will get rid of them. Number two, we take some

:42:49.:42:56.

programmes that we are going to keep, like Medicaid, and we give it

:42:56.:42:59.

to the States to run because state run these programmes more

:42:59.:43:07.

efficiently. As a governor I wanted the programme. States are proving

:43:07.:43:12.

it. States like Arizona, Rhode Island, have taken these Medicaid

:43:12.:43:15.

dollars and have shown they can run these programmes more cost

:43:15.:43:20.

effectively. I want to do those two things. It gets us to a balanced

:43:20.:43:26.

budget within eight-ten years. Let's get back to the military.

:43:26.:43:29.

That is what I asked about. should have entered the first

:43:29.:43:35.

question. -- answered. Governor Romney has called for five trillion

:43:35.:43:40.

dollars of tax cuts that he says he will pay for by closing deductions.

:43:40.:43:44.

The map doesn't work, but he continues to claim he will do it.

:43:45.:43:48.

He was to spend another two trillion dollars on military

:43:48.:43:53.

spending that our military is not asking for. Keep in mind that the

:43:53.:43:57.

military spending has gone up every single year that I have been in

:43:57.:44:01.

office. We spend more on our military than the next 10 countries

:44:01.:44:11.
:44:11.:44:11.

combined. China, Russia, France, UK. What I did was work with Dow Joint

:44:11.:44:15.

Chiefs of Staff to think about what we will need in the future to make

:44:15.:44:20.

sure that we are safe. That is the budget we have put forward. What we

:44:20.:44:25.

cannot do is spend two trillion dollars in additional military

:44:25.:44:28.

spending that the military is not asking for, five trillion dollars

:44:29.:44:34.

on tax cuts are. You say there you are going to pay for it by closing

:44:34.:44:37.

loopholes and deductions without naming of those loopholes and

:44:37.:44:41.

deductions are. And then, somehow, you are also going to deal with the

:44:42.:44:47.

deficit that we already have. The maths does not work. When it comes

:44:47.:44:52.

to the military, what we have to think about is not just budgets, we

:44:52.:44:55.

have to think about capabilities. We need to think about siders

:44:55.:45:00.

security. We need to be thinking about space. That is what our

:45:00.:45:04.

budget does, but it is driven by its strategy, not politics. It is

:45:04.:45:08.

not driven by members of Congress and what they would like to see. It

:45:08.:45:13.

is driven by what we need to keep the American people safe. That is

:45:13.:45:17.

exactly what he does and it also then allows us to reduce our

:45:17.:45:21.

deficit, which is a significant national security concern. We have

:45:21.:45:25.

to make sure that our economy are strong at home so we can project

:45:25.:45:30.

military power overseas. Bob, I am pleased that I balanced budgets. I

:45:30.:45:36.

was in the world of business for 25 years. I went to the Olympics but

:45:36.:45:40.

was out of balance and we got it on balance and made a success there. I

:45:40.:45:47.

had the chance to be the governor of a State for lack using a rope. -

:45:47.:45:51.

- four years in a row. We cut deficits 19 times. The President

:45:51.:45:56.

has a balanced a budget yet. I am going to be able to balance the

:45:56.:46:02.

budget. Let's talk about military spending. Our Navy is smaller now

:46:02.:46:09.

than at any time since 1917. The Navy said they needed 313 ships to

:46:09.:46:15.

carry out their mission. We're down to 285. That is unacceptable to me.

:46:15.:46:19.

I want to make sure we have the ships that are required by a navy.

:46:19.:46:24.

Our air force is older than small - - and smaller than at any other

:46:25.:46:30.

time since it was founded. Since FDR we have the strategy that we

:46:30.:46:34.

could fight into conflict at once. Now we are changing to one conflict.

:46:34.:46:39.

This, in my view, is the highest responsibility of the President. We

:46:39.:46:43.

need to maintain the safety of the American people. I will not cut out

:46:43.:46:47.

military budget by a $1 trillion, which is the combination of the

:46:47.:46:53.

budget cuts and the sequestration cuts. That is making out future

:46:54.:46:58.

less certain and secured. A tiny to comment on this. The Syquest is not

:46:58.:47:03.

something that I have proposed. Congress has proposed it. The

:47:03.:47:07.

Budget that we are probe -- talking about is not reducing military

:47:07.:47:11.

spending, it is maintaining it. I think Governor Romney has not spent

:47:12.:47:15.

a lot of time looking at how our military works. You mentioned a

:47:15.:47:20.

navy and that we have fewer ships than we did in 1916. We also have

:47:20.:47:23.

your horses and bayonets because the nature of our military has

:47:23.:47:29.

changed. We have things called aircraft carriers. We have ships

:47:29.:47:33.

that go under water, nuclear submarines. The question is not a

:47:33.:47:39.

game of battleship. It is what are our capabilities are. When I sit

:47:39.:47:43.

down with the secretary of the Navy and the Joint Chiefs of Staff, we

:47:43.:47:48.

determine how we are going to be able to meet all of their defence

:47:48.:47:53.

needs in a way that also keeps faith without troops and make sure

:47:53.:47:56.

that our veterans had the kind of support that they need when they

:47:56.:48:01.

come home. That is not reflected in the kind of budget that you are

:48:01.:48:05.

putting forward. It does not work. We visit the website quite a bit

:48:05.:48:11.

and it still does not work. A lot to cover. I would like to move to

:48:11.:48:21.
:48:21.:48:24.

the next segment. Red lines, Israel and Iran. Would either of you be

:48:24.:48:32.

willing to declare that an attack on Israel is an attack on the US?

:48:32.:48:36.

It is the same promise that we give to how close allies like Japan. If

:48:36.:48:43.

you make such a declaration, would that not deter Iran? It has

:48:43.:48:47.

certainly deterred the server at Union for a long time -- Soviet

:48:47.:48:57.
:48:57.:48:59.

Israel is a true friend and aggregates ally in the region. If

:48:59.:49:04.

it is a tad, R Mackie will stand with his row. I have made that

:49:04.:49:14.
:49:14.:49:14.

clear. I will stand with Israel if they are attack. We have created

:49:14.:49:18.

the strongest military and intelligence co-operation between

:49:18.:49:23.

our two countries in history. We will be carried -- carrying out the

:49:23.:49:31.

largest military exercise this week. To the issue of Iran, as long as I

:49:31.:49:35.

am President, Iran will not get a nuclear weapon. I have made that

:49:35.:49:41.

clear when I came into office. We organised the strongest coalition,

:49:41.:49:46.

and the stronger sanctions against Iran in history. It is could

:49:46.:49:50.

believe their economy. Their currency has dropped 80%. There are

:49:51.:49:57.

oil production has dropped to the lowest level since 20 years ago.

:49:57.:50:02.

The reason we did this is because a nuclear Iran is a threat to our

:50:02.:50:07.

national security and a threat to Israel. We cannot afford to have a

:50:07.:50:12.

nuclear arms race in the most volatile region in the world. Iran

:50:12.:50:17.

is a state sponsor of terrorism. For them to provide nuclear

:50:17.:50:22.

technology is unacceptable. And they have said they want to see it

:50:22.:50:32.
:50:32.:50:34.

is rare wiped off the map. We offer Iran a choice. They can take the

:50:34.:50:37.

diplomatic route and then the nuclear programme, or they will

:50:37.:50:42.

have to face a united world of and a US President who says we were not

:50:42.:50:47.

take any options of the table. The disagreement I have with Governor

:50:47.:50:51.

Romney is that during the course of this campaign, he often talks about

:50:51.:50:58.

taking premature or military action. That would be a mistake. When I

:50:58.:51:02.

send young men and women into harm's way, I always understand

:51:02.:51:09.

that is the last resort, not the first. I want to underscore the

:51:09.:51:14.

same point the President made, if I am President, we will stand with

:51:14.:51:20.

his rare. If Israel is attacked, we have their back. Not just

:51:20.:51:30.

diplomatically, not just culturally, but militarily. A nuclear Iran is

:51:30.:51:35.

unacceptable to America. It presents a threat to our friends

:51:35.:51:45.
:51:45.:51:45.

and to us. It is the central for us to understand what our mission is

:51:45.:51:48.

for Iran and that is to dissuade Iran from having a nuclear weapon

:51:48.:51:58.
:51:58.:52:00.

to peaceful and diplomatic means. Crippling sanctions was my first

:52:00.:52:05.

step for me five years ago. They do work. It is absolutely the right

:52:05.:52:10.

thing to do. I would have put them in place earlier but it is good

:52:10.:52:14.

that we have them. I would tighten those sanctions. I would say those

:52:15.:52:19.

ships that carry Iranian oil cannot come into our paws. I imagine the

:52:19.:52:26.

EU will agree with us. People who are trading in those oil cans, I

:52:26.:52:33.

would tighten those sanctions further. I will make sure the

:52:33.:52:42.

president of Iran will be invited. -- indicted. I'll make sure of

:52:42.:52:46.

their diplomats are treated as the Prior's there are, around the world.

:52:46.:52:52.

The same way we traded the apartheid diplomats of South Africa.

:52:52.:53:02.
:53:02.:53:05.

-- treated. A military action is the last resort. It is something

:53:05.:53:12.

one would only consider if all of the other avenues had been tried to

:53:12.:53:22.
:53:22.:53:25.

their full extent. There are reports that there are talks in

:53:25.:53:30.

principle about Iran's nuclear programme. What is the deal that

:53:30.:53:38.

you would accept? Those reports in the newspapers, they are not true.

:53:38.:53:44.

Our goal is to get Iran to recognise it needs to give up its

:53:44.:53:50.

nuclear programme. And abide by the UN resolutions that had been in

:53:50.:53:54.

place because they have the opportunity to re- enter the

:53:54.:53:58.

community of nations. And we would welcome that. There are people in

:53:58.:54:03.

Iran who have the same aspirations as people around the world for a

:54:03.:54:07.

better life. We hope that the leadership takes the right

:54:07.:54:11.

decisions. The deal that we would accept is that they and their

:54:11.:54:15.

nuclear programme, it is very straight forward. I am glad

:54:15.:54:18.

Governor Romney agrees with the steps we are taking. There have

:54:18.:54:25.

been times when his son are like the governor thought he would do

:54:25.:54:31.

the same things we did and that he was said then louder and some have

:54:31.:54:35.

a would make a difference. The work involved in setting up these

:54:35.:54:40.

crippling sanctions is painstaking. It is ridiculous. We started the

:54:40.:54:46.

day we got into office. De reason it is so important is we had to

:54:46.:54:51.

make sure that all the countries participating, even in countries

:54:51.:54:57.

like Russia and China. If it is just us imposing sanctions, we have

:54:57.:55:03.

had sanctions in place for a long time, it is because we had everyone

:55:03.:55:10.

agreeing, Iran is under so much pressure. Ideal is to be had. And

:55:10.:55:15.

that is they abide by the roles that have already been established.

:55:15.:55:18.

They must convince the International Committee that they

:55:18.:55:26.

are not pursuing a nuclear programme. We're not going to let

:55:26.:55:30.

up the pressure and to we have clear evidence that it all takes

:55:30.:55:38.

place. One last thing, the clock is ticking. We're not going to allow

:55:38.:55:43.

Iran to perpetually engaged in negotiations that lead nowhere. I

:55:43.:55:48.

have been very clear to them. Because of the Intelligence Corps

:55:48.:55:52.

the nation that we do with a range of countries, we have a sense of

:55:53.:55:56.

when they would have breakout capacity which means we would not

:55:56.:56:00.

be able to intervene in time to stop their programme. That Crockett

:56:00.:56:06.

is ticking. If they do not meet the demands of the International

:56:06.:56:12.

Committee, will take all options necessary. From the very beginning,

:56:12.:56:16.

one of the challenges we had with Iran is that they looked at his

:56:16.:56:20.

administration and felt the administration was not as strong as

:56:20.:56:26.

it needed to be. I think they saw weakness. From the very beginning,

:56:26.:56:32.

the President said he would meet with the world's worst actors. And

:56:32.:56:39.

that he would sit with Hugo Chavez and Castro. And the President of

:56:39.:56:49.
:56:49.:56:50.

Iran. The President began what I caught an apology tour, of going to

:56:50.:56:55.

various nations in the Middle East and criticised America. They saw

:56:55.:57:01.

weakness in that. When there were decisions in the streets of Tehran,

:57:01.:57:07.

the President was silent. They notice that as well. When the

:57:07.:57:10.

President said he would create daylight between ourselves and is

:57:10.:57:17.

Raul, they noticed that as well. These scenes suggested that we can

:57:18.:57:23.

keep on pushing along. We can keep talks going on, we would just keep

:57:23.:57:31.

spending. They are preparing to create a nuclear threat to the US

:57:31.:57:37.

and the world. That is unacceptable for us. It is the central for a

:57:37.:57:40.

President to show strength from the very beginning, to make very clear

:57:41.:57:46.

what is acceptable and not acceptable. And an Iranian nuclear

:57:46.:57:50.

programme is not acceptable. And to make sure they understand that is,

:57:50.:57:56.

from the very beginning, the titres censure as possible. They need to

:57:56.:58:00.

be tightened. Diplomatic isolation it needs to be tougher. We need to

:58:00.:58:06.

put the pressure on them as hard as we can. If we do that, we will not

:58:06.:58:11.

have to take military action. Nothing he said was true. Starting

:58:11.:58:16.

with this notion of me apologising. This has been the biggest whopper

:58:17.:58:21.

that has been told that during the course of this campaign. Every fact

:58:21.:58:28.

checker and the poorer have looked at it. It is not true. -- reporter.

:58:28.:58:32.

When it comes to a tightening sanctions, we put in the toughest

:58:32.:58:38.

and most crippling sanctions ever. The fact is, while we were caught

:58:38.:58:43.

alternating to make sure these were effective, you were still invested

:58:43.:58:48.

in a Chinese state oil company that was doing business with the Iranian

:58:48.:58:53.

oil sector. I'll let the American people decide on who is more

:58:53.:58:55.

effective and more credible one comes to imposing crippling

:58:55.:59:02.

sanctions. And with respect to the Iranian revolution, I was very

:59:02.:59:07.

clear about the murderous activities that had taken place. It

:59:07.:59:10.

was contrary to international law and everything that civilised

:59:10.:59:18.

people stand for. The strength we have shown in Iran was shown by the

:59:18.:59:22.

fact that we were able to mobilise the world. When I came into office,

:59:22.:59:29.

the world was divided. Iran was at its weakest point. Economically,

:59:29.:59:35.

strategically, militarily. We are continuing to keep the pressure

:59:35.:59:42.

onto make sure they do not get and nuclear weapon. That will be the

:59:42.:59:49.

case, as long as I am President. We're four years closer to a new

:59:49.:59:58.

career Iran. We should not have wasted these four years. The reason

:59:58.:00:03.

accorded an apology Tour it is because you went to the Middle East,

:00:03.:00:09.

he flew to Egypt and Saudi Arabia and Turkey and Iraq, and by the way,

:00:09.:00:13.

you stick is rare, our closest friend in the region, and you went

:00:14.:00:22.

to the other places. They noticed use it is rare. He said America had

:00:22.:00:28.

been dismissive. He said America had dictated other nations. America

:00:28.:00:34.

has not deterrent other nations, we have a free other nations from

:00:34.:00:44.

dictators. If we're going to talk about trips we have taken. When I

:00:44.:00:49.

was a candidate, the first trip I'd took was to visit our trips. When I

:00:49.:00:56.

went in his role as a candidate, I do not attempt fundraisers. I went

:00:56.:01:03.

to the Holocaust museum to remind myself in nature of evil and why

:01:03.:01:10.

our bond with Israel would be unbreakable. Then I went to a town

:01:10.:01:16.

which experienced missals raining down on them. I saw families fare

:01:16.:01:21.

who showed me when missals had come down need their children's bedrooms.

:01:21.:01:28.

I was reminded of what that would mean if when my kids. We funded a

:01:28.:01:38.
:01:38.:01:39.

programme to stop those missals. That is how I have used my travels.

:01:39.:01:45.

The central question, at this point, will be who is going to be credible

:01:46.:01:53.

to all parties involved? They can look at my track record. Whether it

:01:53.:01:58.

is Iran's sanctions, whether it is appalling democracy, whether it is

:01:58.:02:01.

supporting women's rights, supporting religious minorities,

:02:02.:02:07.

they can say the President of the US has done the right side of

:02:07.:02:12.

history. That kind of credibility is precisely why we have been able

:02:12.:02:15.

to show leadership on a wide range of issues facing the world right

:02:15.:02:24.

now. What if the Prime Minister of his record you on the phone and

:02:24.:02:28.

said, our bombers are on the way, we're going to bomb Iraq. What

:02:28.:02:36.

would you say? Let's do not get into hypothetical us of that nature.

:02:36.:02:44.

We would not get a call. This is the kind of thing that would be

:02:44.:02:54.

discussed and evaluated well before that. Let's go back to what the

:02:54.:03:02.

President was speaking about. I look at what is happening around

:03:03.:03:07.

the world and I see Iran four years closer to a barn. I see the Middle

:03:07.:03:13.

East with a racing car at -- tide of violence. ICD Harris continuing

:03:13.:03:23.
:03:23.:03:27.

to spread. -- I C Jihadists. I see Syria with 30,000 civilians dead. I

:03:27.:03:32.

see our trade deficit with China growing larger every year. I look

:03:32.:03:37.

around the world and I do not feel... We see North Korea

:03:37.:03:47.

continuing to export their nuclear technology. Russia is backing away

:03:47.:03:51.

from the treaties we have had with them. I do not see out influence

:03:51.:03:55.

going, I see it receding. In part because of the failure of the

:03:56.:03:59.

President in dealing with that economic challenges. In part with a

:03:59.:04:07.

what role in our commitment with the military. In part with the

:04:07.:04:11.

turmoil with Israel. The President received a letter from 38

:04:11.:04:16.

Democratic senators same detention with his row is a real problem.

:04:16.:04:21.

They asked him to repair the tensions. And the damage. -- with

:04:21.:04:31.
:04:31.:04:38.

Whether it is the Middle East, Afghanistan, Iraq, Iran - you have

:04:38.:04:44.

been all over the map. I am pleased you are now endorsing our policy of

:04:44.:04:49.

applying diplomatic pressure and potentially having bilateral

:04:49.:04:54.

discussions with Iran to end their nuclear programme but a few years

:04:54.:05:00.

ago you said that is something you would never do. In the same way you

:05:00.:05:05.

opposed a timetable in Afghanistan. Now you are for it, although it

:05:05.:05:11.

depends. You say you would have ended the war on Iraq but recently

:05:11.:05:17.

he said we should have 20,000 more men in there. He said it was

:05:17.:05:23.

mission Creek to go after Muammar Gaddafi. When it goes after going

:05:23.:05:30.

Osama Bin Laden, the President would make that call but when you

:05:30.:05:36.

were candidate as I was, and I said I would take the shot if we had

:05:36.:05:41.

Osama Bin Laden in a shot. You said, push heaven and earth to get one

:05:41.:05:47.

man? We said we should ask Pakistan permission. If we would have asked

:05:47.:05:55.

Pakistan, we would not have got him. Art that it was worth moving and

:05:55.:06:00.

earth to get him. I was talking to a young woman who was four years

:06:00.:06:07.

old when 9/11 happen. Her last conversation she had with her

:06:07.:06:12.

father, it was when he was calling from the Twin Towers. He said he

:06:12.:06:18.

loved her. For the next decade she was haunted by the conversation.

:06:18.:06:22.

She told me, that brought some closure by getting Bin Laden. When

:06:22.:06:30.

we do things like that, when we bring those who have armed us to

:06:30.:06:37.

justice, it sent a message to the world and it tells people - we did

:06:37.:06:43.

not forget her father. That is clarity of leadership. Those

:06:43.:06:48.

decisions are not always popular. They are not poll tested. Some in

:06:48.:06:53.

my own party, including my vice- president had the same critic as

:06:53.:06:59.

you did I looked at what we need to get down to keep American people

:06:59.:07:06.

safe and I make those decisions. That takes us to the next segment.

:07:07.:07:15.

America's long as four - Afghanistan and Pakistan.

:07:15.:07:19.

cannot have the President and lay out a whole series without giving a

:07:19.:07:27.

response. With respect, you laid out a whole lot also. The US is

:07:27.:07:29.

scheduled to turnover responsibility for security in

:07:30.:07:35.

Afghanistan to the Afghan government in 2014. At that point,

:07:35.:07:42.

we will leave a smaller force of Americans for training purposes. It

:07:42.:07:48.

seems to me, the key question is - what do you do it the deadline

:07:48.:07:54.

arrives and it is obvious the Afghans are not able to handle

:07:54.:08:02.

their security? Do we still leave? We will be finished by 2014 and

:08:02.:08:08.

when I am President, we will make sure we bring troops out by the end

:08:08.:08:11.

of 2014. The commanders and generals are on track to do so. We

:08:11.:08:17.

have seen progress in the past several years. The training

:08:17.:08:23.

programme is proceeding apace. They are now a large number of security

:08:23.:08:26.

forces were ready to step in to provide security and we will be

:08:26.:08:32.

able to make that transition by the end of 2014. The troops will come

:08:32.:08:39.

home at that point. -- 2014. We will make sure we look at what is

:08:39.:08:44.

happening in Pakistan and recognise it will have a major impact on the

:08:44.:08:48.

success in Afghanistan. I say that because I know a lot of people who

:08:48.:08:52.

feel we should washer hands and walk away, I do not mean you Mr

:08:53.:08:58.

President, but a lot of people in our nation, that we should walk

:08:58.:09:01.

away from Pakistan because they are not being nice to us. But Pakistan

:09:01.:09:09.

is important to the region, to the world and to America. Russia will

:09:09.:09:14.

have more than Great Britain in terms of weaponry. They also have

:09:14.:09:24.

the Taleban, and other networks, a Pakistan that falls apart will be

:09:24.:09:29.

dangerous to Afghanistan and to America. We need to be helpful in

:09:29.:09:33.

encouraging Pakistan to move towards a more stable government

:09:33.:09:38.

and we build a relationship with us. That means the we provide is going

:09:38.:09:44.

to be conditioned upon certain bench marks being made. I look at

:09:44.:09:48.

this as both a need to help meet Pakistan in the right direction but

:09:48.:09:56.

also to get Afghanistan to be ready and they will be ready. When I came

:09:56.:10:01.

into office, we were still bogged down in Iraq. Afghanistan had been

:10:01.:10:06.

drifting for a decade. We ended the war on Iraq. We focus our attention

:10:06.:10:13.

on Afghanistan and we delivered a surge of troops. That was possible

:10:13.:10:17.

because we ended the war in Iraq. We are now in a position where we

:10:17.:10:22.

have met many of the objectives that got us there in the first

:10:22.:10:27.

place. Part of what happened is we forgot why we had gone. We went

:10:27.:10:29.

because there were people responsible for 3,000 American

:10:29.:10:36.

debts. We decimated Al-Qaeda or leadership in the border region

:10:36.:10:40.

between Afghanistan and Pakistan. We then studied to build up Afghan

:10:40.:10:45.

forces. We are now in a position where we can transition out because

:10:45.:10:50.

there is no reason why Americans should die when Afghans are

:10:50.:10:54.

probably capable of defending their country. That transition has to

:10:54.:10:59.

take place in a responsible fashion. We have been there a long time and

:10:59.:11:04.

money to make sure that we and how coalition partners are pulling out

:11:04.:11:08.

responsibly and giving Afghans capabilities that they need. But,

:11:08.:11:16.

what I think American people recognise, after a decade of war,

:11:16.:11:22.

it is time to build up our nation. We need to put Americans back to

:11:22.:11:27.

work, especially our veterans. Bridges, roads, schools need to be

:11:27.:11:32.

built. Making sure the veterans are getting the care they need when it

:11:32.:11:38.

comes to post-traumatic stress disorder and dramatic brain injury.

:11:38.:11:41.

Making sure the certification they need for good jobs in the future

:11:41.:11:46.

are in place. I was having lunch for a veteran in Minnesota or who

:11:46.:11:51.

had been a medic and dealing with the most extreme circumstances.

:11:51.:11:55.

When he came home and wanted to become a nurse, he had to start

:11:55.:12:01.

from scratch. What we said is, let's change the certification. The

:12:01.:12:06.

first lady has done a great job pudding a veterans back to work

:12:06.:12:14.

with a great organisation. Those other kinds of things that we can

:12:14.:12:22.

now do because we are making that transition. You talk about Pakistan

:12:22.:12:29.

and one needs to be done. General Malan, the commander in Afghanistan,

:12:29.:12:33.

says the Americans continue to die at the hands of Brits who are

:12:33.:12:43.
:12:43.:12:49.

supported by Pakistan -- at an hands of Hauritz. -- -- brutes. Yet

:12:49.:12:54.

we continue to give Pakistan billions of dollars. Is it time for

:12:54.:13:00.

asked to divorce Pakistan? No. It is not time to divorce and nation

:13:00.:13:04.

which has 100 nuclear weapons and is on the way to double that. A

:13:04.:13:09.

nation which has serious threats from terrorist groups within it.

:13:09.:13:16.

The Taleban, it is a nation which does not have a civilian leadership

:13:16.:13:24.

that is calling the shop -- shots there. You have the military. He

:13:24.:13:29.

had a civilian government. This is a nation which if it falls apart,

:13:29.:13:36.

it becomes a failed State, they run nuclear weapons there and you have

:13:36.:13:41.

terrorist there who can put their hands on those weapons. This is an

:13:41.:13:46.

important part of the world. It is technically an ally. They are not

:13:46.:13:50.

acting like an hour in right now but we have some way to do. I do

:13:50.:13:56.

not blame the administration that the relationship is strain. We had

:13:57.:14:02.

to go into Pakistan. We had to go and get Osama Bin Laden. That was

:14:02.:14:05.

the right thing to do and that upset them. But there was anger

:14:05.:14:10.

before that. We need to work with the people in Pakistan to try and

:14:10.:14:14.

help them move to a more responsible course. It is important

:14:14.:14:18.

for them, for the nuclear weapons, for the success of Afghanistan.

:14:19.:14:27.

Inside Pakistan you have a large group of Taleban who are going to

:14:27.:14:31.

come back in when we go. There is one of the reasons the Afghan

:14:31.:14:35.

security forces have so much work to do to fight against that. It is

:14:35.:14:40.

important that we cannot just walk away but we need to make sure that

:14:40.:14:45.

as we send support for them, that this is tied to the making progress

:14:45.:14:53.

on matters that will lead them to become a civil society. We know

:14:53.:15:00.

President Obama's position. What is your position on the use of drones?

:15:00.:15:06.

I believe we should use any and all means to take out people who

:15:06.:15:11.

threatened us and our friends. It has widely been reported that

:15:11.:15:15.

drones are being used and I support that entirely. I support the

:15:16.:15:21.

President to decide to up the usage. We will continue to go after the

:15:21.:15:26.

people who represent a threat to the station. But, we are going to

:15:26.:15:29.

have to do more than going after leaders and killing bad guys,

:15:30.:15:33.

important as that is. We need to have a far more effective and

:15:33.:15:38.

comprehensive strategy to help move the world away from Tehran and

:15:39.:15:45.

Islamic extremism. We talk a lot about these things but you look --

:15:45.:15:54.

from terror. Is the Middle East in trouble? Is Al-Qaeda or on the run?

:15:54.:16:03.

No. A Israel and the Palestinians closer to reach a peace agreement?

:16:03.:16:09.

They have not had talks in Shuey is. I am convinced that a strong

:16:09.:16:14.

leadership and the effort to build a strategy based upon helping these

:16:14.:16:18.

nations reject extremism, will seek peace and prosperity the world

:16:18.:16:25.

demand. Our strategy was not just going after a Bin Laden. We develop

:16:25.:16:32.

partnerships in Somalia, Yemen, in Pakistan. What we have also done

:16:32.:16:36.

his engage these governments in the kind of reforms that again to make

:16:36.:16:41.

a difference in people's lives. To make sure that governments are not

:16:41.:16:45.

corrupt. To make sure they're treating women with the kind of

:16:45.:16:51.

respect and dignity that every nation that succeeds has shine. To

:16:51.:16:56.

make sure that they have their market system that works. We are

:16:56.:17:02.

engaging them in building capacity and we have stood on the side of

:17:02.:17:08.

democracy. One thing Americans should be proud of, when Tunisians

:17:08.:17:16.

began their protests, this nation, my administration, stood with them,

:17:16.:17:21.

before any other country. In Egypt. We stood on the side of democracy.

:17:22.:17:26.

In Libya we stood on the side of the people. As a consequence, there

:17:26.:17:31.

is no doubt that attitudes about Americans have changed. But there

:17:31.:17:35.

are always going to be elements in these countries that potentially

:17:36.:17:40.

threaten the US. We want to shrink those groups and now works and we

:17:40.:17:45.

can do that but we are also going to have to maintain vigilance when

:17:45.:17:50.

it comes to terrorist activities. Al-Qaeda is much weaker than it was

:17:50.:17:55.

when I came into office and they do not have the same capacity to

:17:55.:18:00.

attack the US home and an hour allies as they did four years ago.

:18:00.:18:08.

The next segment is an important one - the rise of China. And future

:18:08.:18:18.
:18:18.:18:21.

What do you believe is the greatest future threat to the national

:18:21.:18:31.
:18:31.:18:34.

security of this country? I think it will continue to be terra --

:18:34.:18:40.

terrorist networks. In respected China, China is a partner in the

:18:40.:18:50.
:18:50.:18:50.

international community if it is following the rules. We will

:18:50.:18:55.

insists China plays by the same rules as everybody else. I do not

:18:55.:19:00.

want to see jobs shipped overseas. This is has not getting a level

:19:00.:19:07.

playing field when it comes to trade. -- businesses. I set up a

:19:07.:19:11.

trade task force to go after cheaters when it came to

:19:11.:19:14.

international trade. We have brought more cases against China

:19:14.:19:19.

for violating trade rules than the previous administration in two

:19:19.:19:26.

terms. We won every case that has been decided. Just recently,

:19:26.:19:36.
:19:36.:19:37.

steelworkers in Ohio, they can sell still to China because we won that

:19:37.:19:47.
:19:47.:19:54.

case. -- steel. Mitt Romney accused me for being too tough. He said it

:19:54.:19:58.

would not be good for American workers and it would be

:19:58.:20:02.

protectionist. American workers do not feel that way. They found a

:20:03.:20:12.
:20:13.:20:16.

finely they had an administration who take this situation seriously.

:20:16.:20:24.

-- found finally. If we do not have the technology that will allow us

:20:24.:20:31.

to create great businesses here in the United States, that is how we

:20:31.:20:37.

lose competition. Mitt Romney's budget proposals would not allow

:20:37.:20:42.

that to happen. It is not government that makes the economy

:20:42.:20:47.

successful. The greatest national security threat is a nuclear Iran.

:20:47.:20:52.

Let's talk about China. China has an interest that is very much like

:20:52.:20:58.

ours in one respect, they want a stable world. They do not want war,

:20:58.:21:08.
:21:08.:21:08.

Apology for the loss of subtitles for 119 seconds

:21:08.:23:08.

they do not want protectionism, Some people will say you start a

:23:08.:23:13.

trade war with China. Isn't there a risk that that could happen.

:23:13.:23:17.

Bestsellers about this much staff a year and we sell them about this

:23:17.:23:21.

much stuff here. It is pretty clear he does not want a trade war. There

:23:21.:23:26.

is one going on right now. It is a silent one. We have an enormous

:23:26.:23:32.

trade imbalance with China. It is worse this year than last year. We

:23:32.:23:37.

have to understand that we cannot just surrender and lose jobs year

:23:37.:23:41.

in, year out. We have to say to her friends in China, you guys are

:23:41.:23:45.

playing aggressively. This cannot keep going. You cannot keep holding

:23:46.:23:49.

down the value of your currency, stealing their intellectual

:23:49.:23:54.

property, counterfeiting a products, selling them around the world, even

:23:54.:24:01.

in the US. There is one thumping that makes about and they said they

:24:01.:24:04.

were having doubts come in that were broken and having to be

:24:04.:24:13.

repaired under warranty. They noticed one that they were more

:24:13.:24:16.

than one with the same serial number. There were counterfeit

:24:16.:24:20.

products being made overseas. They were being sold into El market and

:24:20.:24:24.

around the world as if they were made by the US competitor. This

:24:24.:24:28.

cannot go on. I want a great relationship with China. China can

:24:28.:24:33.

be a partner, but that does not mean they can roll all over us and

:24:33.:24:39.

steal their jobs. Governor Ronnie is right. You are familiar with

:24:39.:24:43.

jobs been shipped overseas because you invest in companies that shift

:24:43.:24:48.

jobs overseas. That is how the free market works. I have made a

:24:48.:24:54.

different bed on American workers. If we had taken your advice about

:24:54.:24:58.

our auto industry, we would be buying cars from China instead of

:24:58.:25:02.

selling cars to China. If we take tea at -- taking advice in respect

:25:02.:25:05.

to how we change our tax code so that companies that own profits

:25:05.:25:10.

overseas do not pay US taxes compared to companies here that pay

:25:10.:25:14.

taxes, that is estimated to Craig 800,000 jobs. The problem is they

:25:14.:25:20.

will be in places like China. If we are not making investments in

:25:20.:25:23.

education and basic research, which is not something that the private

:25:23.:25:26.

sector is doing at a sufficient pace right now and has never done,

:25:26.:25:36.
:25:36.:25:36.

then we will lose the lead in With respect to what we have done

:25:37.:25:41.

with China already. US exports have doubled since I came into office to

:25:41.:25:51.

China. Currencies are at their most advantageous point since 1993. We

:25:51.:25:59.

have to make more progress. That is why we are going to keep on... Part

:25:59.:26:05.

of the reason why we are able to give it to the Asia-Pacific region

:26:05.:26:10.

after ending the war in Iraq entrance issuing out of Afghanistan,

:26:10.:26:17.

because this is going to be a massive growth area in the future.

:26:18.:26:27.
:26:28.:26:28.

-- and making the transition out. We are working with countries in

:26:28.:26:34.

the region so that ships can pass through, commerce can continue. We

:26:34.:26:38.

are organising trade relations with countries other than China so that

:26:38.:26:41.

China feels more pressure about meeting basic international

:26:41.:26:45.

standards. That is the kind of leadership we have shown in the

:26:45.:26:49.

region, that is the kind of leadership we will continue to show.

:26:49.:26:58.

I want to take one of those points attacking me. The President

:26:58.:27:02.

mentioned the water industry and I would be in favour of jobs being

:27:02.:27:12.
:27:12.:27:19.

elsewhere. -- auto. I was born in Detroit. My father was an auto

:27:19.:27:29.
:27:29.:27:31.

maker. I would do nothing to harm the car industry in America. It was

:27:31.:27:35.

actually President Bush who signed the first cheques. The debt burden

:27:35.:27:42.

they have built up, I did not agree with it... That is not what is said.

:27:42.:27:48.

You need to take a look at the transcript. I said we would provide

:27:48.:27:52.

guarantees. That allowed these companies to go through bankruptcy

:27:52.:27:57.

and come out of bankruptcy. Under no circumstances would I do

:27:57.:28:01.

anything other than help the industry get on its feet. The idea

:28:01.:28:06.

that I would liquidate the industry, of course not! Let's check the

:28:06.:28:16.

record. Governor, the people of the Detroit do not forget. I have the

:28:16.:28:19.

commitment to make sure our industries in this country can

:28:19.:28:24.

compete and be successful. We can compete successfully with anyone in

:28:24.:28:31.

the world, we are going to tear. We will need a president who does not

:28:31.:28:36.

feel the President investing in car companies making electric battery

:28:36.:28:43.

cars... This is not research Mr President. This is not basic

:28:44.:28:49.

research. I want to invest in research. Research is great.

:28:49.:28:54.

Providing funding to universities is great, investing in companies,

:28:54.:29:03.

that is the wrong way to go faster I want to make sure we make America

:29:03.:29:12.

more competitive. -- to go. You are investing in companies, it makes it

:29:12.:29:16.

less likely for them to come here. The private sector is not going to

:29:16.:29:26.
:29:26.:29:29.

invest in a solar company. Anyone out there can check the record. It

:29:29.:29:35.

keep on trying to airbrush history. You were very clear, you would not

:29:35.:29:40.

provide government assistance to the US companies even if they went

:29:40.:29:44.

through bankruptcy. He said they could get it in the private market

:29:44.:29:53.

place. That is not true. You are wrong. I am not wrong. More

:29:53.:29:57.

importantly, it is two in order for us to be competitive we are going

:29:57.:30:04.

to have to make some smart choices. -- true. Cutting the education

:30:04.:30:08.

budget is not a smart choice. Cutting investment in research and

:30:09.:30:13.

technology is not a smart choice. That will not help us compete with

:30:13.:30:18.

China. Bringing down our deficit by adding seven trillion dollars of

:30:18.:30:22.

tax cuts and military spending that the military is not asking for,

:30:22.:30:26.

before we get to the debt we currently have, that is not going

:30:26.:30:30.

to make us more competitive. Those are the kind of choices the

:30:31.:30:34.

American people face now. Having a tax code that is rewarding

:30:35.:30:39.

companies for shipping jobs overseas instead of here in the US,

:30:39.:30:44.

that will not make us more competitive. The one thing I am

:30:44.:30:49.

absolutely clear about, after a decade in which we saw adrift, jobs

:30:49.:30:53.

being shipped overseas, no-one championing American businesses and

:30:53.:30:58.

workers, we have now begun to make progress. We cannot go back to the

:30:58.:31:03.

same policies that got us into such difficulty in the first place. That

:31:03.:31:13.
:31:13.:31:16.

is why we have to move forward and not back. I could not agree more

:31:16.:31:21.

about going forward. But I do not want to go back to the last four

:31:21.:31:26.

years. 23 million Americans are struggling to find a good job. When

:31:26.:31:31.

you came to office 32 million people on food stamps, today 47

:31:31.:31:36.

million people. When it came to office 10 trillion dollars in debt,

:31:36.:31:41.

now 16 trillion dollars in debt. It has not worked. You said we would

:31:41.:31:47.

be at 5.4% unemployment. We are 9 million jobs short of that. I have

:31:48.:31:53.

met some of those people. I met a young woman in Philadelphia who is

:31:54.:31:59.

coming out of college and cannot find work. People are just weeping

:31:59.:32:05.

about not being able to get work. It is just a tragedy. These last

:32:05.:32:09.

four matches have been so hard. That is why it is so critical we

:32:09.:32:19.
:32:19.:32:20.

make America the place to build jobs and grow the economy. -- last

:32:20.:32:25.

four years. It is not going to happen just by hiring teachers. I

:32:25.:32:35.
:32:35.:32:37.

love teachers. I'm not going to let... I love teachers. I want to

:32:37.:32:43.

get out private sector growing. think we all love teachers. Thank

:32:43.:32:49.

you so much for a vigorous debate. We have come to the end. It is time

:32:49.:32:58.

for a closing statement. Thank you. You have now heard three debates,

:32:58.:33:04.

months of campaigning and way too many TV commercials. May have got a

:33:04.:33:09.

choice. Over the last four years we have made real progress digging

:33:09.:33:15.

away out of policies that gave us two prolonged wars, record deficits,

:33:15.:33:21.

the worst economic crisis since the Great Depression. Mitt Romney wants

:33:21.:33:25.

to take us back to those policies. A foreign policy that is wrong and

:33:25.:33:30.

reckless. Economic policies that will not create jobs and will not

:33:30.:33:34.

reduce the deficit, but will make sure that folks at the top do not

:33:34.:33:39.

have to play by the same rules as you do. I have got a different

:33:39.:33:45.

vision for America. I want to bring manufacturing jobs back to our

:33:45.:33:49.

shores. Rewarding companies and small businesses investing here,

:33:49.:33:54.

not overseas. I want to make sure we have the best education system

:33:54.:34:00.

in the world. Retraining the workers of tomorrow. I want to

:34:00.:34:04.

develop oil and natural gas and also the energy sources of the

:34:04.:34:08.

future. I want to reduce the deficit by cutting spending we do

:34:08.:34:12.

not need but by asking the wealthy to do a little bit more. So we can

:34:12.:34:17.

invest in research and technology that are the key to a 21st century

:34:17.:34:21.

economy. As Commander In Chief I will remain -- maintain the

:34:21.:34:27.

strongest military in the world. To go after those who would do us harm.

:34:27.:34:32.

After a decade of war, we all recognise we have got to do so

:34:32.:34:36.

nation-building at home. We have got to build some roads and bridges

:34:36.:34:46.
:34:46.:34:47.

and care for our soldiers who have advanced the cause of freedom. If I

:34:47.:34:51.

have the privilege of being your president for another four years I

:34:51.:34:55.

promise I will always listen to your voices, I will fight for your

:34:55.:34:58.

families. I'll make sure America continues to be the greatest

:34:58.:35:08.
:35:08.:35:13.

I am optimistic about the future. I am excited about how prospects as a

:35:13.:35:20.

nature -- nation. A one to see peace. It is our objective. We have

:35:20.:35:24.

an opportunity for leadership to promote principles of peace which

:35:24.:35:28.

will make the world a safer place and make people of this country

:35:28.:35:32.

more confident that their future is secure. I also want to make sure

:35:32.:35:37.

that we get these economy going. There are to pass the country can

:35:38.:35:43.

go - one is a path which at the end of for years, we're trillion

:35:43.:35:49.

dollars in debt, heading towards Greece. The President's path will

:35:49.:35:56.

mean continuing decline in. I want to make sure we grow. The

:35:56.:36:02.

President's path means 20 million people out of work. I will get

:36:02.:36:07.

people out of work with 12 million new jobs. I'm going to get people

:36:07.:36:11.

off of food stands not by cutting the programme but by giving them

:36:11.:36:15.

good jobs. America is going to come back but we need to have a

:36:15.:36:21.

President who can work across the aisle. I was in a static show at

:36:21.:36:29.

his 7% democrat. -- I was in a state with 87% democrat. We will

:36:29.:36:34.

work with good democrats and good Republicans to do that. The station

:36:34.:36:39.

is the hope of the Earth. We have been placed by having a nation

:36:39.:36:46.

which is free and prosperous thanks to generations which have held the

:36:46.:36:50.

torch to see freedom and opportunity. It is outturn to take

:36:50.:36:56.

that torture and I'm convinced we will do it. -- it is outturn. I

:36:56.:37:00.

will work with you. I will leave you in an open and honest way. Ask

:37:00.:37:05.

for your vote. I would like to be the next President of the United

:37:05.:37:09.

States to help to support this great nation and maintain it as the

:37:09.:37:16.

hope of the Earth. Gentlemen, thank you so much. That brings to the end

:37:16.:37:21.

of the back. We want to thank the university and students for having

:37:21.:37:28.

us. I leave you with the words of my mother who said, go vote.

:37:28.:37:38.
:37:38.:37:45.

Goodnight. We were live in a Boca Raton in Florida. Bob Schieffer

:37:45.:37:47.

winding up the third and final televised debate between Barack

:37:47.:37:56.

Obama and Mitt Romney. It has been described as pivotal, crucial. It

:37:56.:38:01.

is not often they are described that way. The first today

:38:01.:38:06.

transformed me Romney's campaign. With the polls and neck to neck,

:38:06.:38:13.

this could possibly be Important. Foreign policy and not in most

:38:13.:38:17.

voters' top five but people seem to care about their character of a

:38:17.:38:21.

Commander In Chief and this was about setting out how these two

:38:21.:38:31.

characters should act abroad. You have been saying this on Twitter,

:38:31.:38:34.

it was harder for the two to articulate clear differences

:38:34.:38:39.

between their approaches and very hard for the voters to spot them?

:38:39.:38:45.

If you wear an UN decider -- undecided voter, and you're going

:38:45.:38:48.

to make up your mind on foreign policy, really, there is not much

:38:48.:38:53.

difference. They spent most of the time when they were talking about

:38:53.:39:03.
:39:03.:39:07.

foreign policy speaking about the And they may be a little bit of

:39:07.:39:10.

difference between them in terms of Iran that even that, when I was

:39:10.:39:14.

listening to him tonight, what he was presenting as his foreign

:39:14.:39:19.

policy was really almost identical to what the White House has been

:39:19.:39:26.

going. Will viewers around the world, how would America and that

:39:26.:39:32.

its foreign policy under a President Obama or a President

:39:32.:39:39.

running, it will continue to. less dynamic when both candidates

:39:39.:39:44.

have barn sitting down as compared to the last of the back. President

:39:44.:39:48.

Obama was at taking to the point where Mitt Romney had to say at

:39:48.:39:54.

taking me is not an agenda. There were a whole range of issues, every

:39:54.:39:58.

time you offered an opinion, you have been wrong. Nothing the

:39:58.:40:03.

Governor has just said is true. How do you think that will play? Barack

:40:03.:40:07.

Obama came into this deciding that what he did in the last debate,

:40:07.:40:10.

which was being more aggressive, worked better. He was going to be

:40:10.:40:16.

more engaged, more attacking. The criticism of the disastrous first

:40:16.:40:22.

debate was that he had been to Abson, lethargic, listless, had not

:40:22.:40:27.

attacked Mitt Romney. He has done the opposite and it has worked for

:40:27.:40:31.

him. When it comes to foreign policy, it is easier for the

:40:31.:40:37.

incumbent to have a certain amount of confidence. Barack Obama assumes

:40:37.:40:40.

automatically the role of Commander-in-Chief. He said during

:40:40.:40:44.

the course of the back, I am the Commander-in-Chief. I have the

:40:44.:40:53.

experience. This is what I have done. Try to gauge audience's

:40:53.:40:57.

response that worked really well. He can say this is a job I know

:40:57.:41:02.

about, I have kept she saved and, by the way, Osama Bin Laden is dead.

:41:02.:41:12.
:41:12.:41:12.

That came up several times. I get these countries safe, that is the

:41:12.:41:18.

first job of the President - he said that if you Tahs. Mitt Romney

:41:18.:41:24.

found himself defending some of his policies at on class sizes and

:41:24.:41:31.

small businesses? It was Ms lively when candidates got back on a

:41:31.:41:37.

domestic policies. -- it was most lively. It is what voters want to

:41:37.:41:42.

hear about and where they have the most differences. As a debate, that

:41:42.:41:48.

is where you heard the most back and forth, the most antagonism

:41:48.:41:53.

because they do have real differences as to how they see the

:41:53.:41:57.

future of the American economy. There was quite a lot about

:41:57.:42:01.

domestic policy for a debate that was meant to be about foreign

:42:01.:42:06.

policy. We heard about teachers, the cart bailout, what they would

:42:06.:42:11.

do about stimulating growth in the American economy. He was not solely

:42:11.:42:17.

a debate about foreign policy. Domestic issue - there is a big

:42:17.:42:25.

difference. Foreign policy, there is not much difference. Mitt Romney

:42:25.:42:32.

praised Iraq Obama for ordering the killing of Osama Bin Laden. But he

:42:32.:42:36.

attacked the President on his foreign policy. I congratulate him

:42:36.:42:41.

on taking out Osama Bin Laden and going after the leadership in Al-

:42:41.:42:45.

Qaeda or we cannot cure for our way out this mess. We are going to have

:42:45.:42:51.

to put in place a comprehensive and robust strategy to help the world

:42:51.:42:55.

of Islam and other parts of the world reject these radical violent

:42:55.:43:04.

extremism. Make sure they're not hiding. They are involved in 10 or

:43:04.:43:07.

12 countries and it presents an enormous threat to our friends, to

:43:07.:43:12.

the world, to America long-term and we must have a comprehensive

:43:12.:43:17.

strategy to reject this kind of extremism. He also attacked the

:43:17.:43:21.

weakness of the United States and the prison and Obama. That line -

:43:21.:43:29.

we cannot kill away out of this mess, do you think it is resonant?

:43:29.:43:35.

It is a different line from the line he used in previous foreign

:43:35.:43:41.

policy discussions. He gave a speech a couple of weeks ago which

:43:41.:43:46.

sounded quite a lot more President Bush second inaugural address where

:43:46.:43:50.

he laid out the need for America to promote democracy around the world.

:43:50.:43:54.

It talked about tyranny and oppression and that America would

:43:54.:43:57.

fight for liberty and freedom. That is the kind of language of

:43:57.:44:01.

President Bush. It is the kind of language just terrible of the neo-

:44:01.:44:06.

conservative advisers who work on the Romney campaign. Tonight we had

:44:06.:44:11.

a much more moderate sounding Mitt Romney. Much more reticent about

:44:11.:44:15.

getting involved in military activities abroad. Much more in

:44:15.:44:21.

line with what President Obama has done. That line, it was directed

:44:21.:44:26.

particularly at women voters. They poll has been very reluctant for

:44:26.:44:30.

American military involvement abroad. It was directed at them. It

:44:30.:44:34.

was one of Mitt Romney's better lines of the night. President Obama

:44:34.:44:38.

said he would do all he could to support serious but he warned that

:44:38.:44:42.

any further involved may not be a good idea. The Syrians again to

:44:42.:44:46.

have to determine their own future. Everything we are doing we're doing

:44:46.:44:51.

in consultation with our partners, including Israel, which has a keen

:44:51.:44:55.

interest in seeing what happens. Co-ordinating with Turkey and other

:44:55.:45:01.

countries in the region. What we're seeing taking place in Syria is

:45:01.:45:04.

heartbreaking and that is why we are going to do everything we can

:45:04.:45:10.

to make sure we are helping the opposition but we also have to

:45:10.:45:16.

recognise that for us to get more and tangled militarily in Syria is

:45:16.:45:24.

a serious step. He called Syria and opportunities for the US. Seeing

:45:24.:45:33.

Syria remove our son is a high priority. And to make sure --

:45:33.:45:38.

remove President Assad. We do not want to get dragged into a military

:45:38.:45:42.

conflict. We need to work through our partners and resources to

:45:42.:45:48.

identify responsible parties within Syria, organise them, bring them

:45:48.:45:53.

together in a form of if not government a form of council.

:45:53.:45:58.

hard to see daylight between the two on this. Precious few American

:45:58.:46:02.

voters want see the country involved in another war? There is

:46:02.:46:07.

no appetite for any kind of military engagement in Syria. They

:46:07.:46:12.

both said they want to get rid of President Assad and are worried

:46:12.:46:16.

about the regional implications. There is some wriggle room in the

:46:16.:46:24.

sense that made Romney is suggested they should directly arm of the

:46:24.:46:30.

rebels. The White House shied away from that. The arms they have been

:46:30.:46:38.

so far supplied by Katter and Saudi Arabia are falling into the hands

:46:38.:46:43.

not of the rebels. It is a complicated area for Mitt Romney

:46:43.:46:46.

and not one where there is any appetite at all amongst the

:46:46.:46:55.

American voters. The Republicans saw a chance to attack President

:46:55.:47:04.

Obama on the way they characterise his policy on Israel. My strategy

:47:04.:47:08.

is straightforward - go after the bad guys, make sure we do the best

:47:08.:47:13.

to interrupt and kill them, to take them out of the picture but my

:47:13.:47:17.

strategy is broader than that. That is important, of course, but the

:47:17.:47:22.

key we have to pursue his a pathway to get the Muslim world to reject

:47:22.:47:27.

extremism on its time. We do not want another Iraq, Afghanistan.

:47:27.:47:33.

That is not the right cause. We need to make sure we go after the

:47:33.:47:38.

leaders of his anti-American groups, these jihadist. Governor Romney

:47:38.:47:47.

painted a picture of the rising tide of chaos, he used that phrase,

:47:47.:47:55.

it is a direct echo of President George W Bush. We go after the bad

:47:55.:47:58.

guys, attack of a President Bush but in the same answer he said we

:47:58.:48:02.

do not want another Iraq or Afghanistan. Distancing himself

:48:02.:48:07.

from the policies of his predecessor and, by the way, some

:48:07.:48:13.

of the advisers on his policy attain. There is a mixed message.

:48:13.:48:17.

He gets to a broader point which Americans are concerned about and

:48:17.:48:27.
:48:27.:48:32.

that is what is Americain role in post Africans bring. -- that

:48:32.:48:42.
:48:42.:48:47.

President Obama has not found -- Let stock about Iran, which Mitt

:48:47.:48:57.

Romney described as the greatest security threat to the US. -- lets

:48:57.:49:03.

talk about. This is the biggest whopper that has been told during

:49:03.:49:12.

the campaign. When it comes to tightening sanctions, look, one we

:49:12.:49:22.

put in the most crippling sanctions ever. When we were doing this,

:49:22.:49:27.

you're still invested in a Chinese state oil doing business with the

:49:27.:49:37.
:49:37.:49:39.

Iranian oil sector. We are four years closer to a nuclear Iran. The

:49:39.:49:43.

reason I call it an apology, because you went to the Middle East

:49:43.:49:49.

and you flew to Egypt and Saudi Arabia and to Turkey and Iraq, by

:49:49.:49:59.

the way, you skipped Israel. They noticed that you skipped Israel. In

:49:59.:50:05.

those nations you said America had been dismissive. He said America

:50:05.:50:15.

had dictated to other nations. -- you said. Mitt Romney's first

:50:15.:50:25.
:50:25.:50:30.

foreign trip as leader as -- was disastrous. Has he overcome that?

:50:30.:50:35.

This was probably his weakest debate. I would say President Obama

:50:35.:50:39.

won the debate. That is not surprising, he is Commander-in-

:50:39.:50:45.

Chief. Having said that, I think for people who were leaning in his

:50:46.:50:50.

direction, he did not make any major mistakes. He came across as

:50:50.:51:00.
:51:00.:51:01.

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