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TUESDAY, OCTOBER 30, 2012
ISSUES FROM PAGE 1
BARACK OBAMA (D)
VS.
ECONOMY
MITT ROMNEY (R)
The economy and jobs have been a major focus during the campaign/season; some pundits have pointed out that this seems to be an election based on one
issue. Romney has been focusing on the question "Are you better off than four years ago?" to reveal Obama's failure with the economy. Obama has fought back
Loomis said Olama's economic plan is more specific than Romney's.
According to barackobama. com, the president should be credited with refusing to let the American auto industry die. He also made efforts to revive manufacturing in the U.S., and has added about 45000 jobs in less than two years.
"It's not perfect," Loomis said. "But he plans to raise taxes on the wealthy a little big, work on creating more manufacturing jobs and invest more in science."
by listing the steps he has taken with job creation.
Obama's website also says that he passed Wall Street reform "to make sure that Americans would never again have to pay to bail out big banks."
According to the Associated Press Economy Survey, whoever wins the presidential election will
face the task of managing big economic threats, including the effects of a weakened European economy on U.S. exports and jobs.
According to NBC News, Romney closed his speech in Iowa on Friday by highlighting the need for "big change" regarding the economy.
"This is an election of consequence," Romney said. "Our campaign is about big things, because we happen to believe that America faces big challenges. We recognize this is a year with a big choice, and the American people want to see big changes. And together we can bring that kind of change, real change to our country."
According to his website, Romney seeks to reduce taxes, spending, regulation and government programs. He also wants states to have the power to make economic decisions. To
achieve these goals, he created a five-part proposal to grow the economy. He hopes to use the plan to create 12 million jobs in four years, an aim that he can achieve with the Americans in the private sector. Part of his plan is working toward energy independence by 2020. He also wants to increase trade, heighten the performance of public schools, cut the deficit and help small businesses.
"Romney feels that government should get out of the way. He thinks that if he is elected and free market forces coming into play, the American economy will rebound more quickly." Loomis said.
Edited by Whitney Bolden
HURRICANE HAVOC
ASSOCIATED PRESS
Lower Manhattan goes dark during hurricane Sandy on Monday as seen from Brooklyn, N.Y. Sandy continued on its path as the storm forced the shutdown of mass transit, schools and financial markets, sending coastal residents fleeing, and threatening a dangerous mix of high winds and soaking rain.