Obama: Romney's maths doesn't add up

2012-09-10 12:00
US President Barack Obama addresses the Democratic National Convention. (AP, File)

US President Barack Obama addresses the Democratic National Convention. (AP, File)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

West Palm Beach - President Barack Obama mocked Mitt Romney's "two plus one equals five" economics on Sunday, poking his Republican foe as he enjoyed a polling spurt after the Democratic convention.

Romney and his Republican running mate Paul Ryan meanwhile struggled to explain the accounting in their taxation plans, with fiscal policy and slow job creation taking centre stage in the White House race.

Obama wrapped up a bus tour of Florida, the biggest electoral battleground, pitching for seniors' votes by lambasting Romney's plans to reform the Medicare health care system for the elderly.

He also picked apart interviews in which the two Republicans declined to name any of the tax loopholes they plan to close to make their promise to cut taxes, while also trimming the deficit, add up.

"I guess my opponent has a plan but there is one thing missing from it - arithmetic!" Obama said.

"It was like two plus one equals five. They couldn't answer questions about how they'd pay for $5 trillion in new tax cuts and $2 trillion in new defence spending without raising taxes on the middle class.

No specifics

"That's not bold leadership - that's bad math. That gets a failing grade," said Obama, who had warned in an earlier interview with CBS News that the rich would have to pay more in taxes to alleviate the burden of the middle class.

In television appearances, Romney and Ryan declined to specify how exactly they would cut loopholes in the tax code to pay for rate reductions.

The Republican nominee, a multi-millionaire, also denied he planned to cut taxes for the rich.

"I want to make sure people understand, despite what the Democrats said at their convention, I am not reducing taxes on high-income taxpayers," Romney said on NBC's Meet the Press.

As his armoured bus trundled from west to east through Florida, Obama plunged into restaurants, diners and bars.

At one stop, he was surprised to be lifted a foot off the ground by hulking and exuberant pizza shop owner Scott Van Duzer.

Perennial swing state

"Look at that!" the president said once 113kg, 1.9m Van Duzer had deposited him back on terra firma.

"Man, are you a power lifter or what?"

Florida is a perennial swing state and has the most electoral votes - 29 - of all the most contested battlegrounds in the election. Recent polls have shown the president with a narrow lead over Romney.

Large weekend crowds that greeted the president have aides optimistic that Obama can repeat his 2008 victory here. Should he win Florida, the president would severely undermine Romney's hopes of snatching the White House.

"We'll do pretty well in the corridor," a senior Obama aide said, referring to the contested territory along Interstate 4 where Florida elections are won and lost.

"It's going to be close."

Voucher system


Retirees, many fleeing cold northern winters, form an important part of the state's electorate, hence Obama's Medicare attack.

The Republican's plan to convert Medicare to a voucher system over time would end up with patients paying higher out-of-pocket costs, the president charged.

"I want you to know Florida, I will never turn Medicare into a voucher," Obama said.

Romney intensified his attack on Obama's stewardship of the economy, two days after the latest Labour Department data showed only 96 000 jobs were generated by the economy last month.

"It's a jobless recovery, if it's a recovery at all," Romney said.

"You're not seeing the kind of job growth that keeps up with population growth. You're not seeing any wage growth. It's not at all what a recovery is supposed to look like," Romney said on Meet the Press.

Obama leading

The former Massachusetts governor also had a crack at Obama on Iran, saying the president's "biggest failure" was not halting the Islamic Republic's nuclear ambitions.

Several daily tracking polls detected an increase in Obama's small polling lead following the Democratic National Convention in North Carolina.

Obama led Romney by 49 to 44% in Gallup's latest daily tracking poll. His approval rating as measured by the same firm was 50%, down two points from a yearly high on Saturday.

Read more on:    barack obama  |  mitt romney  |  us  |  us elections 2012
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/Sport
 

3 sports games you have to watch this weekend

Whether it’s date night or a braai with buddies, plan around these three exciting sporting games!

 
 

Men24.com

Everyday struggles of naturally skinny guys
And this year's Miss Bumbum title goes to...
How to maintain your mo, bro
Hottie of the day: Colette

Jobs in Cape Town [change area]

Jobs in Western Cape region

Regional Manager

Cape Town Northern Suburbs
Green Grass Consulting

Marketing Secretary

Cape Town
Peoplefinder Career Placements

Civil Technologist

Cape Town Northern Suburbs
Communicate Cape Town Engineering
R300 000 - R550 000 Per Year

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

20% off ALL TV Series

Choose from 1000’s of the hottest TV Series . While stocks last. Shop now!

Festive gifts!

Check out our awesome range of festive gifts to make everyone’s wishes come true. Shop now!

Seen something you like in our catalogue?

Find the perfect gift and save up to R5000 – As seen on the catalogue. Hurry and shop now!

Save up to R2200 on electronics! – As seen in the catalogue

Wishing for tech gadgets this festive? Save up to R2100 on hot tech products at kalahari.com. While stocks last. Shop now!

Up to 35% off books

Save up to 35% on the latest page-turners. While stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

There is a strong focus on social interaction and connecting with your friends. You may have the need to expand and connect with a...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.