Obama, Romney Go Head to Head on Economy

At the New York Times,"Obama Says Election Will Shape the Economy for Years":

CLEVELAND — Framing his re-election bid as a stark choice between government action to lift the middle class and a return to Republican economic policies that he said had caused a deep recession, President Obama on Thursday called the presidential decision facing Americans a clear-cut one that will determine the long-term trajectory of the economy.

“This November is your chance to render a verdict on the debate over how to grow the economy, how to create good jobs, how to pay down our deficit,” Mr. Obama told enthusiastic supporters at Cuyahoga Community College here. “Your vote will finally determine the path that we take as a nation — not just tomorrow, but for years to come.”

The address, by a president who sounded as if he realized he was in a fight for his political life, represented a determined effort to stem two weeks of political and economic sliding that began with a grim jobs report. It came on a day of political gamesmanship in this crucial swing state, as Mitt Romney, the president’s rival, scheduled a speech 250 miles away in Republican-friendly Cincinnati in an effort to overshadow Mr. Obama and pre-emptively attack him for failing to revive the economy.

Speaking shortly before Mr. Obama in remarks that, like the president’s, were carried on cable news programs, Mr. Romney said Mr. Obama’s re-election campaign felt compelled to deliver a major address on the economy “because he hasn’t delivered a recovery for the economy.”

“Now, I know that he will have all sorts of excuses, and he’ll have all sorts of ideas he’ll describe about how he’ll make things better,” Mr. Romney said. “But what he says and what he does are not always the exact same thing. And so if people want to know how his economic policies have worked and how they perform, why they can talk to their neighbor and ask if things are better.”

In his remarks, the president acknowledged that divergent views between him and Mr. Romney on how to revive the economy would define the election.

“There is one place I stand in complete agreement with Mr. Romney,” Mr. Obama said. “This election is about our economic future.”

Also, "Romney Assails Obama for Favoring Words Over Action." (Via Memeorandum.)