The Straits Times
Published on Sep 28, 2012

Obama, Romney lay out competing economic ideals


SPRINGFIELD, Virginia (AFP) - Mr Mitt Romney seized on poor gross domestic product (GDP) data on Thursday to brand President Barack Obama a failure, but the incumbent shot back accusing his challenger of pushing a rich man's "trickle-down" economic fantasy.

The verbal jousting took place across Virginia, where both wooed voters in one of the battleground states that will determine the outcome of the Nov 6 election.

With 40 days to go and polls showing an narrowing path to victory for the Republican nominee, Mr Romney warned a second Mr Obama term would be subsumed by economic malaise as he tried to draw the battle away from his own perceived missteps and back to the President's economic record.

Mr Romney pounced on data showing the United States (US) economy was more sluggish than thought in the second quarter, growing only 1.3 per cent instead of the prior estimate of 1.7 per cent.