In the first of 3 presidential debates, Governor Romney took Barack Obama to task and has clearly won the first round. While there was no knockout punch he clearly won a TKO and showed that he isn’t afraid of facing Obama in the race for President. While the debate’s topic was on domestic policy, it was clear that Obama failed to do his homework when it came to a lot of key issues.
The debate started off respectively and both candidates began it with the usual moderate flare. Obama wished his wife “happy anniversary” and Romney acknowledged it as well. Then they both got down to business and Romney nailed Obama on all the key points. Small business seemed to the main point in the beginning with Obama trying to get the upper hand on Romney by stating.
“Now, Governor Romney and I do share a deep interest in encouraging small-business growth. So at the same time that my tax plan has already lowered taxes for 98 percent of families, I also lowered taxes for small businesses 18 times. And what I want to do is continue the tax rates — the tax cuts that we put into place for small businesses and families,” Obama said.
Romney was very quick to respond.
“Mr. President, you’re absolutely right, which is that, with regards to 97 percent of the businesses are not — not taxed at the 35 percent tax rate, they’re taxed at a lower rate. But those businesses that are in the last 3 percent of businesses happen to employ half — half of all the people who work in small business. Those are the businesses that employ one-quarter of all the workers in America. And your plan is to take their tax rate from 35 percent to 40 percent,” Romney said.
In other words Obama tried to explain how he helped small businesses and was called out on his policies by Romney which in fact didn’t lower taxes for small businesses but in fact increased them and in the next 4 years raise them by 5%. Obama learned a lesson in economics in the debate and Romney was the teacher. In fact, when it comes to business, Romney has a successful history and Obama has no record.
When Medicare was discussed, Obama tried to lay down the foundation that Obamacare saved the taxpayers money and thus saved Medicare.
“$716 billion we were able to save from the Medicare program by no longer overpaying insurance companies by making sure that we weren’t overpaying providers. And using that money, we were actually able to lower prescription drug costs for seniors by an average of $600, and we were also able to make a significant dent in providing them the kind of preventive care that will ultimately save money throughout the system.” Obama stated.
Romney was quick to counter-punch with the following.
“That’s $1 for every $15 you’ve cut. They’re smart enough to know that’s not a good trade. I want to take that $716 billion you’ve cut and put it back into Medicare. By the way, we can include a prescription program if we need to improve it. But the idea of cutting $716 billion from Medicare to be able to balance the additional cost of Obamacare is, in my opinion, a mistake.
And with regards to young people coming along, I’ve got proposals to make sure Medicare and Social Security are there for them without any question,” Romney said.
Romney went on to state that instead of the government deciding what’s better for Medicare recipients he wanted them to have a choice on going with a private provider if they wanted to. Obama tried to battle back, but when it came to the numbers it was clear he was overwhelmed.
During the debate we saw a strong Romney and a very weakened and beaten Obama. While we didn’t see a knockout blow in this debate one thing was very clear, Romney is ready to fight. He clearly took Obama to the woodshed and it showed. Whenever Romney looked straight at Obama and directed his responses towards him, the anointed one either looked down at his podium or at the moderator. He clearly was hoping this debate would be over. He never faced an opponent that looked him straight in the eye. One thing that went well for Obama though, he remained composed throughout the event but he was clearly uncomfortable.
The next presidential debate will be at Hofstra University in Hempstead,New York and foreign policy is expected to the topic. Given Obama’s poor track record abroad, Romney could once again give him a thrashing and take the White House. No doubt with the Middle East in flames, our embassies being attacked and 4 Americans killed (including an ambassador) in a terrorist attack on the US consulate in Libya on 9/11 is certainly an opening for Romney to take Obama to task. Also, Obama’s failure to meet with Israeli Prime Minister Benjamin Netanyahu when he was in the United States in favor of going on Letterman, The View and hanging out with Beyonce and Jay-Z is also in play in that debate.
Another target Romney will have is Obama giving $2 billion of our tax dollars to Egypt which is controlled by the Muslim Brotherhood, a known terrorist organization. Obama’s apologizing to radical islamic extremists that have attacked our embassies in the Middle East certainly will present the ultimate bullseye for Romney. The coverup of the incident in Benghazi could be a factor in play as well. If it comes down to foreign trade, Romney also has an edge as he has had dealings abroad in business. The next debate and the subject of foreign affairs may very well be target rich environment for Romney. He may not have met with many foreign leaders, but Romney has met with Netanyahu in Israel whereas Obama since taking office has not even gone there at all.
Right now, Romney is off to a good start and if he keeps pressing Obama in the rest of the debates, we’ll be calling him the next President. Let’s also not forget that on October 11th the number 2 men, VP Joe Biden and Congressman Paul Ryan will square off at Centre College in Danville, Kentucky. It should be an interest matchup but Ryan will more than likely win that one. All Biden has to do is open his mouth and Ryan is a fighter. Enough said on that one but clearly we are in for some good debates.