The 2012 election season hosts 4 debates, 3 with the President and his Political Challenger, and one amongst the Vice President and the opposition party's VP running mate. On October 3, 2012 the first debate took place at the University of Colorado (a swing state) between Mitt Romney and Barack Obama. The format was simple 6 sections of 15-minutes each on domestic issues; taxation, jobs, economy, governance, government, and health care. The economy was to have 3 questions and spanning 3 sections due to its significance right now in American Politics.
The first debate question discussed jobs, or rather both candidates job creation plans. It was clear that with the official unemployment rate up over 8% that President Obama was having a pretty tough time defending his job record, but stated his administration had created 5-million new jobs. Alright, however the number of jobs lost since the economic 2008 recession only left him with a grand total of 125,000 jobs created by the "official numbers" which are even questionable as many folks have taken early retirement, dropped out of the job market, graduated with no jobs, or have taken jobs well beneath their job skill levels (underemployed).
President Obama told the crowd that it was his anniversary that night, which is great, but he admitted he'd rather have been on a "date night" so to speak. The two candidates traded barbs on "trickle down" theory of economics (supply side) and Romney noted that the Obama Administration was doing something much worse; trickle down government. In President Obama's plan moving forward he's called for 100,000 new math and science teachers, lower tuition costs, and 25% corporate tax rates for manufacturing companies. He also wishes to continue to promote wind, solar, and bio-fuels.
The debate then became a realization that small businesses create jobs, and they argued over definitions, exactly what are they calling; small? Nevertheless, both agreed small business folks were job creators, which of course is true. Mitt Romney noted that 47 million folks were now on food stamps and 23-million were out of work or underemployed, and that Obama's employment strategies were not working and that middle America was getting the squeeze, this too is known.
The debate then went on to argue points of contention on Medicare and Obama Care with wide ranging issues of doctors and hospitals denying Medicare patients, the need for voucher-like systems, and why it hardly made sense to ram through Obama Care without bipartisan support or even reading the document (bill) prior to the vote. It was a good debate, and a lively exchange. President Obama didn't look like his usual confident self, and a little bit frustrated, often unable to defend his record and botching his attempts and attacks on Romney to get his main points to stick through repetition of half-truths.