US Election 2012: Barack Obama says Mitt Romney would wreck the economy

Barack Obama told Americans on Thursday night that he knew their “hope has been tested”, but appealed for four more years in the White House to stop Mitt Romney from wrecking their fragile economic recovery.

In an understated speech to the Democratic Party, the President told struggling voters: "The path we offer may be harder, but it leads to a better place". However he warned it would take "more than a few years" to arrive there.
He claimed that while “ours is a fight to restore the values that built the largest middle class and the strongest economy the world has ever known,” his challenger would reheat the deregulation and tax cuts for high-earners that had “got us into this mess”.

Boasting that thanks to his leadership, “Osama bin Laden is dead”, he also attacked Mr Romney and showing his inexperience in foreign affairs by questioning London's preparedness to host the Olympic Games during a visit in July.

However, he returned repeatedly to the differences between their economic philosophies, and to implicit contrasts between his own humble upbringing and Mr Romney's childhood as the son of millionaires in Michigan, which he suggested left him best-placed to understand voters' economic woe.

07/09/2012