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"Americans will hold President Obama accountable for his record
-- they know they're not better off and that it's time to change direction," Matt Rhoades, the challenger's campaign manager, said in a statement. Obama mentioned his rival by name just once, but his target was clear. The president highlighted the national security successes
-- the death of Osama bin Laden, the fight against al-Qaida -- that have earned him high marks in opinion polls, a contrast to the low grades he receives on the economy. Romney, he pointed out, stumbled during his overseas trip, angering Britain when he suggested its Olympics preparation had fallen short. "My opponent and his running mate are new to foreign policy, but from all that we've seen and heard, they want to take us back to an era of blustering and blundering that cost America so dearly," Obama said. "After all, you don't call Russia our No. 1 enemy
-- and not al-Qaida -- unless you're still stuck in a Cold War time warp. You might not be ready for diplomacy with Beijing if you can't visit the Olympics without insulting our closest ally." In opinion polls, Americans insist that the economy will be the overriding issue this election. Romney wants to extend all tax cuts that are due to expire on Dec. 31 with an additional 20 percent reduction in rates across the board, arguing that it will spur job growth. He has embraced the main tenets of running mate Ryan's far-reaching budget
-- deep cuts in domestic programs such as education, repeal of Obama's health care law and a remaking of the Medicare program for seniors into a voucher-system for those now under 55. Obama wants to renew the tax cuts except on incomes higher than $250,000, saying that millionaires should contribute to an overall effort to cut federal deficits. He also criticizes the spending cuts Romney advocates, saying they would fall unfairly on the poor, lower-income college students and others. He argues that Republicans would "end Medicare as we know it" and saddle seniors with ever-rising costs. "When Governor Romney and his allies in Congress tell us we can somehow lower our deficit by spending trillions more on new tax breaks for the wealthy
-- well, you do the math. I refuse to go along with that. And as long as I'm president, I never will," Obama said. Obama, the onetime community organizer, also talked of citizens having a greater sense of shared responsibility "We understand that America is not about what can be done for us. It's about what can be done by us, together, through the hard but necessary work of self-government," Obama said. As he ended his speech, Bruce Springsteen's "We Take Care of Our Own" filled the arena.
[Associated
Press;
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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