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Friday, May 25, 2012

Obama strikes at Romney, looking to regain 2008 energy

On Thursday the President didn’t hold back on his republican challenger Mitt Romney, dismissing his challenger's claims as "a cowpie of distortions" while seeking to rekindle the all-but-faded Iowa magic that launched him in 2008. Escalating his criticism of Romney's background as a venture capitalist, Obama said it wasn't adequate preparation for the presidency.
"There may be value for that kind of experience, but it's not in the White House," Obama said.
Obama spoke to a cheering Iowa crowd of about 2,500 at the Iowa State Fairgrounds, represented a new intensity for Obama's campaign as Romney begins to hit his stride carrying the Republican standard. It came as Iowa, soured by the direction of the nation and its economy, has drifted away from Obama since his 2008 caucus victory over Hillary Rodham Clinton made him the Democratic front-runner.
While Obama carried the state in the general election by a comfortable margin that year, polls this year have shown voters narrowly preferring Romney, who plans to wage his own major effort in Iowa.
Reacting to Romney's charge last week that Obama had created "a prairie fire of debt," the president countered that Romney's tax plan is "like trying to put out a prairie fire with some gasoline." In a statement issued after the speech, Romney spokesman Ryan Williams said: "A president who broke his promise to cut the deficit in half by the end of his first term has no standing when it comes to fiscal responsibility
Romney, a former Massachusetts governor, has made the struggling economy the centerpiece of his campaign. But Obama can point to comparatively low 5.1 percent unemployment in Iowa, where stable financial services and strong agriculture sectors buoyed the economy while manufacturing has struggled to rebound.
Romney had made the comment about corporations as he argued against raising taxes as a way of shoring up Social Security and Medicare. Members of the audience interrupted, calling for increased taxes on corporations, and Romney responded: "Corporations are people, my friend. ... Everything corporations earn ultimately goes to people."
Oh really Romney, do the earning of corporation trickle down to people, did you say that, and do you really believe that. If earnings from corporations ultimately goes to the people, where are the jobs, where is the affordable healthcare insurance for employees, and the list goes on.
Obama's campaign has emphasized episodes in which Romney's former firm closed plants and laid off workers, and has aired a stinging TV ad on the subject in Iowa, Colorado, Ohio, Pennsylvania and Virginia.
President Obama approval ratings here has been stuck below 50 percent for over two years, softened in part by criticism from Republicans campaigning for Iowa's leadoff caucuses.