Archives for News

Obama: Romney’s math ‘doesn’t add up’

President Barack Obama mocked Mitt Romney‘s “two plus one equals five” economics, poking his Republican foe as he wrapped up his two-day trip across Florida in a bid to woo undecided voters. 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. In Florida, Obama courted retirees 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
Read More

Obama raises more campaign cash than Romney in August

President Barack Obama squeaked out a fundraising victory over Mitt Romney in August as the candidates gear up for the final stretch of their closely contested campaign. Obama raised more than $114 million in August, while Romney brought in just over $111 million, according to numbers released early Monday by the rival campaigns. It’s the first time in four months the Democrats have outraised the Republicans. And it’s a sharp increase for the president, who raised $75 million in July. Despite Obama’s advantage in August, it’s the third straight month Romney has collected more than $100 million, and the figure
Read More

Many unknowns as Presidential race heads into final stretch

Flush with cash, Mitt Romney plans to open a new front in the White House race by challenging President Barack Obama in upper Midwest states where he might not have dug in otherwise. Obama is intensifying his efforts to cast his Republican rival as out of touch, which he’s already been working pretty hard at doing. Sure, this is the beginning of the homestretch to Election Day, when everything in the two campaigns goes into overdrive and a September or October surprise could upend it all. But this all has the whiff of politicking around the margins, too — a
Read More

Obama hammers Romney with new Medicare study

President Barack Obama is unleashing a new Medicare offensive against rival Mitt Romney, eager to shake his Republican challenger off his economic focus and turn the campaign on to territory more favorable to Democrats. Campaigning for a second day in Florida, where older voters and workers approaching retirement hold sway, Obama on Sunday was expected to highlight a study by a Democratic leaning group that concluded that on average a man or woman retiring at age 65 in 2023, would have to pay $59,500 more for health care over the length of their retirement under Romney’s plan. The numbers are
Read More

Obama opens up lead over Romney in new poll

President Barack Obama, picking up support following the Democratic National Convention, widened his narrow lead over Republican U.S. presidential challenger Mitt Romney in a new Reuters/Ipsos poll released on Saturday. The latest daily tracking poll showed Obama, a Democrat, with a lead of 4 percentage points over Romney. Forty-seven percent of 1,457 likely voters surveyed online over the previous four days said they would vote for Obama if the November 6 elections were held today, compared with 43 percent for Romney. “The bump is actually happening. I know there was some debate whether it would happen… but it’s here,” said
Read More

Romney concentrates on Virginia

Mitt Romney is back in tightly contested Virginia, where he’s trying to deny President Barack Obama another victory in a state that typically goes for Republican presidential nominees. Virginia Beach was his first stop Saturday, and he took on Obama over looming military cuts that are the result of a budget deal between the White House and congressional leaders. Internal campaign polls show the race is deadlocked in Virginia, which is seen as a must-have state for Romney on the way to winning the 270 electoral votes for the presidency. The state’s white, working-class voters provide hope. Romney outpolls Obama
Read More

Obama asks Americans to remember 9/11

President Barack Obama is asking Americans to mark the anniversary of the Sept. 11 attacks by remembering how far the nation has come since terrorists struck 11 years ago. In his weekly radio and Internet address, Obama asks Americans to remember those who lost their lives as well as the loved ones they left behind — and honor the first-responders who risked their lives to help. Obama says America has come back stronger and al-Qaida is on the path to defeat. The president also notes that the 9/11 anniversary is being commemorated Tuesday by public service activities in communities around
Read More

Dismal jobs numbers cast pall over Presidential campaign

President Barack Obama and Republican rival Mitt Romney, their contest defined anew by joblessness, are seeking to frame the campaign on their own terms. Romney was concentrating on the economy while Obama sought to play to his strengths, with top aides all but daring their challenger to engage in a debate over Medicare. Obama was kicking off a two-day bus tour in Florida on Saturday, campaigning in a state with the highest elderly population and an unemployment rate of 8.8 percent, higher than the national average. Romney was on his way to high-stakes Virginia, where low unemployment and a Republican
Read More

The mythical peace dividend and other fantasies from Obama’s speech

President Barack Obama laid claim to a peace dividend that doesn’t exist when he told the nation he wants to use money saved by ending wars to build highways, schools and bridges. The wars were largely financed by borrowing, so there is no ready pile of cash to be diverted to anything else. The claim was one of several by Obama in his acceptance speech Thursday at the Democratic National Convention in Charlotte, N.C., and by Vice President Joe Biden in earlier remarks that did not match the facts. A look at some of their assertions: OBAMA: “I’ll use the
Read More

Barack Obama’s evolution from change candidate to status quo President

  President Barack Obama’s convention evolution is complete. Eight years ago, the little-known Democrat rocketed into the political spotlight with a soaring convention keynote address. Four years later, he accepted the Democratic Party’s nomination and became its standard bearer. On Thursday and now the president, Obama took the stage fighting for his job. “I recognize that times have changed since I first spoke to this convention,” Obama said. “The times have changed, and so have I.” “I’m no longer just a candidate. I’m the president,” he said, drawing cheers from the crowd of 15,000. It was a telling transformation for
Read More