Obama refutes Romney's five-point job creation plan
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E-mail Xinhua, October 25, 2012
U.S. President Barack Obama on Wednesday attacked his Republican challenger Mitt Romney's five- point job creation plan, which he said leaned toward the interests of the rich.
"He has been running around saying he's got a five-point plan for the economy. Let me tell you, it turns out it's only a one- point plan. Folks at the very top get to play by a very different set of rules than you do," Obama Wednesday said at a campaign event in Davenport, Iowa.
"They can keep paying lower tax rates than you do, keep their money in off-shore accounts. They can buy up a company, load it up with debt, lay off the workers, strip away their pensions, send the jobs overseas-- and they still make a big profit while the middle class gets stuck with the bill," Obama charged.
Romney, U.S. Republican Party's presidential nominee, has repeatedly touted his five-point jobs plan to create 12 million new jobs in the coming four years through measures like cutting taxes, reducing government regulations, and boosting oil and gas exploration and development.
With the unemployment rate high on the list of voters' concerns, the two presidential nominees continued to trade barbs with each other on how to rev up the U.S. economy and spur job creation, after their third and final face-to-face presidential debate on Monday.
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