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Nation/World

October 4, 2012

Obama, Romney clash on economy in first debate

(Continued)

At times the debate turned into rapid-fire charges and retorts that drew on dense facts and figures that were difficult to follow. The men argued over oil industry subsidies, federal spending as a percentage of the GDP, Medicare cuts, taxes and small businesses and the size of the federal deficit and how it grew.

Obama sometimes seemed somewhat professorial. Romney was more assertive and didn’t hesitate to interrupt the president or the moderator.

Despite the wonky tone of the debate, Romney managed to make some points by personalizing his comments with recollections of people he said he had met on the campaign trail. In another folksy reference, Romney told Lehrer, a veteran of the Public Broadcasting Service, that he would stop the federal subsidy to PBS even though “I love Big Bird.”

Generally polite but pointed, the two men agreed about little if anything.

Obama said his opponent’s plan to reduce all tax rates by 20 percent would cost $5 trillion and benefit the wealthy at the expense of middle income taxpayers.

Shot back Romney: “Virtually everything he just said about my tax plan is inaccurate.”

The former Massachusetts governor and businessman added that Obama’s proposal to allow the expiration of tax cuts on upper-level income would mean tax increases on small businesses that create jobs by the hundreds of thousands.

The two campaign rivals clasped hands and smiled as they strode onto the debate stage at the University of Denver, then waved to the audience before taking their places behind identical lecterns.

There was a quick moment of laughter, when Obama referred to first lady Michelle Obama as “sweetie” and noted it was their 20th anniversary.

Romney added best wishes, and said to the first couple, “I’m sure this is the most romantic place you could imagine, here with me.”

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