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The public has remained divided over Obama's $830 billion stimulus bill, even as the administration has said it accounted for millions of jobs. An ABC News/Washington Post poll in May found that 47 percent approve of the stimulus legislation and 48 percent disapprove while 5 percent had no opinion. The poll found that 50 percent favored the Obama administration's increased regulations of financial institutions while 44 percent viewed them unfavorably. Obama's quest for a second term is punctuated with images of a resilient America. His television ads show U.S. auto workers whose jobs are said to have been saved by the bailing out of General Motors and Chrysler. There also are children jumping into the arms of soldiers who made it home from war, and night-vision shots of the servicemen who killed bin Laden. At the same time, Obama's campaign tries to discredit Romney's claim to be an economic maestro, casting him as a political version of the movies' Gordon Gekko. Out-of-work steel workers liken Romney's former private equity firm, Bain Capital, to blood-sucking vampires. Another ad tells of a Massachusetts under Governor Romney that saw tepid job growth, more debt and the outsourcing of jobs to India, the cold-hearted decisions of an uncaring corporate culture. On his own record, Obama does talk up what he says are the benefits of the sweeping health care bill on occasion, particularly to donors, telling them it allowed millions of young people to be on their parents' insurance and millions of seniors to have lower prescription drug costs. On the recession-fighting spending, the president rarely uses the term "stimulus," instead referring to the nation's economic system being built on a "house of cards" that collapsed in 2008 and forced his administration to take bold steps. A seven-minute Web video produced by his campaign, entitled "Forward," says the economic stimulus "saved up to 4.2 million jobs" and says Obama "took on the Wall Street banks" to push reforms to ensure that bankers "never again wreck our economy." The video also mentions Obama's work to pass "historic health reform" that bars insurance companies from denying coverage for children with pre-existing conditions, helps seniors pay less for prescriptions and provides contraception coverage. "And by 2016, 32 million more Americans will have health coverage," the video says, neglecting to mention the role the Supreme Court could play in the law's future. But the health overhaul isn't the campaign's focus. "This has to be all about the middle class and the economy," said Paul Begala, a Democratic strategist and adviser to Priorities USA Action, a Democratic super PAC. That still leaves plenty of uncertainties. If the European debt crisis craters and the trajectory of the economy heads in the wrong direction during the summer, all bets could be off. "There's nothing we can do about the economy," said Dick Harpootlian, a Columbia, S.C., attorney and chairman of the state's Democratic Party. "(German) Chancellor (Angela) Merkel has more to do with that piece of the campaign than anybody else."
[Associated
Press;
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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