Obama, Romney in crackling debate

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Republican presidential nominee Mitt Romney and President Barack Obama speak during the second presidential debate Tuesday at Hofstra University in Hempstead, N.Y. (AP)
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“That’s been his philosophy in the private sector,” Obama said of his rival. “That’s been his philosophy as governor. That’s been his philosophy as a presidential candidate. You can make a lot of money and pay lower tax rates than somebody who makes a lot less.”

“You can ship jobs overseas and get tax breaks for it. You can invest in a company, bankrupt it, lay off the workers, strip away their pensions and you still make money. That’s exactly the philosophy that we’ve seen in place for the last decade,” the president said in a scorching summation.

Unable to respond at length because of the debate’s rules, Romney said the accusations were “way off the mark.”

But moments later, he reminded the national television audience of the nation’s painfully slow recovery from the worst recession in decades.

There are “23 million people struggling to find a job. ... The president’s policies have been exercised over the last four years and they haven’t put America back to work,” he said. “We have fewer people working today than when he took office.”

Economic growth has been slow throughout Obama’s term in office, and unemployment only recently dipped below 8 percent for the first time since he moved into the White House. Romney noted that if out-of-work Americans who no longer look for jobs were counted, the unemployment rate would be 10.7 percent.

Both men had rehearsed extensively for the encounter, a turnabout for Obama.

“I had a bad night,” the president conceded, days after he and Romney shared a stage for the first time, in Denver. His aides made it known he didn’t intend to be as deferential to his challenger this time, and the presidential party decamped for a resort in Williamsburg, Va., for rehearsals that consumed the better part of three days.

Romney rehearsed in Massachusetts and again after arriving on Long Island on debate day, with less to make up for.

Asked Tuesday night by one member of the audience how he would differ from former President George W. Bush, the last Republican to hold the office, Romney said, “We are different people and these are different times.”

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