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Sunday, November 4, 2012

Mitt Romney: My vision for America

(CNN) -- On June 2, 2011, I began my quest for the presidency on the farm of Doug and Stella Scamman in Stratham, New Hampshire. I said then that our country is a land of freedom and opportunity. I spoke of the hard work of the millions of Americans who built our remarkable experiment in self-government. They carved out of the wilderness a land of immense prosperity and unlimited potential. I said then that "I believe in America."
For more than a year now, I've carried that message across America. As we draw close to Election Day, it is a good moment to reflect on what it means to believe in America.
Mitt Romney
Mitt Romney
America is a place where freedom rings. It is a place where we can discuss our differences without fear of any consequence worse than criticism, where we can believe in whatever creed or religion we choose, where we can pursue our dreams no matter how small or grand. It is a place that not only cherishes freedom, but is willing to fight to defend it. These are the qualities that define us.
America is a land of opportunity. But lately, for too many Americans, opportunity has not exactly come knocking. We've been mired in an economic slowdown that has left millions of our fellow citizens unemployed. The consequences in dreams shattered, lives disrupted, plans deferred, and hopes dimmed can be found all around us.
It hasn't always been this way. It certainly doesn't have to be this way in the future. We're all in this together. And together we can emerge from these troubles.
Together with Paul Ryan, I've put forward an economic recovery plan consisting of five central elements that will in four years create 12 million jobs.
· We will produce more of the energy we need to heat our homes, fill our cars, and make our economy grow.  We will stop President Obama's war on coal, his disdain for oil, and his effort to crimp natural gas by federal regulation of the very technology that produces it. We will support nuclear and renewables, but phase out subsidies once an industry is on its feet. We will invest in energy science and research to make discoveries that can actually change our energy world. By 2020, we will achieve North American energy independence.


· We will retrain our work force for the jobs of tomorrow and ensure that every child receives a quality education no matter where they live, including especially our inner cities. Parents and students, not administrators and unions, need to have greater choice. Our current worker retraining system is a labyrinth of federal programs that sprawls across 47 programs and nine agencies. We will eliminate this redundancy and empower the 50 states and the private sector to develop effective programs of their own.
· We will make trade work for America.  We'll open more markets to American agriculture, products, and services. And we will finally hold accountable any nation that doesn't play by the rules.  I will stand up for the rights and interests of American workers and employers.
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· We will restore fiscal sanity to Washington by bringing an end to the federal spending and borrowing binge that in just four years has added more debt held by the public than almost all previous administrations combined. We will put America on track to a balanced budget by eliminating unnecessary programs, by sending programs back to states where they can be managed with less abuse and less cost, and by shrinking the bureaucracy of Washington.
· Finally, we will champion small business, the great engine of job creation in our country, by reforming the tax code and updating and reshaping regulations that have suffocated economic growth.
Nothing is ever easy in Washington, but these goals are rooted in bipartisan agreement, and I will work with members of both parties to accomplish them.  As governor of a state that was overwhelmingly Democratic, I was always ready to reach across the aisle and I can proudly point to the results. I've learned that when we come together to solve problems in a practical spirit, we can accomplish miracles.
In this respect, I am offering a contrast to what we are seeing in Washington today. We've watched as one party has pushed through its agenda without compromising with the other party. We've watched gridlock and petty conflict dominate while the most important issues confronting the nation, like chronic high unemployment, go unaddressed. The bickering has to end. I will end it.  I will reach across the aisle to solve America's problems.
Our economic crisis not only threatens the well-being of our citizenry, it has larger consequences in other realms. The economic weakness of the past several years has, alarmingly, fostered weakness in our foreign policy posture. Runaway domestic spending has led the president to propose reducing defense spending by hundreds of billions, cuts that his own secretary of defense has said would "devastate" our national security.
The most important task for any president is set out in the preamble to our Constitution—providing for the common defense. As commander-in-chief, I will roll back the president's deep and arbitrary cuts to our military. Our soldiers should never lack the tools they need to complete their mission and come home safely. I have always believed that the first purpose of a strong military is to prevent war. And preventing war is a supreme national interest. I will ensure that our military is strong enough that no adversary dares to challenge us.
Let us remember our history. We have accomplished so much, both in the world and at home. We've defeated tyrannies. We've lifted hundreds of millions out of poverty. We've transformed our own society into a more perfect union. We've created a land of freedom and prosperity. The problems we need to overcome now are not bigger than we are. We can defeat them.  I am offering real change and a real choice. 

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President Barack Obama: My vision for America

(CNN) -- For the past few days, all of us have been properly focused on one of the worst storms of our lifetimes. We mourn those who were lost. And we pledge to stand with those whose lives have been turned upside down for as long as it takes them to recover and rebuild.
Because when hardship hits, America is at its best. The petty differences that consume us in normal times quickly melt away. There are no Democrats or Republicans during a storm -- only fellow Americans. That's how we get through the most trying times: together.
President Barack Obama
President Barack Obama
Four years ago, we were mired in two wars and the worst economic crisis since the Great Depression. Together, we've battled our way back. The war in Iraq is over, Osama bin Laden is dead, and our heroes are coming home. Our businesses have created nearly 5 and a half million new jobs in the last two and half years. Home values and 401(k)s are rising. We are less dependent on foreign oil than at any time in the last 20 years. And the American auto industry is back.
We're not there yet. But we've made real progress. And on Tuesday, America will get to choose between two fundamentally different visions of what makes America strong.
I believe America's prosperity was built on the strength of our middle class. We don't succeed when a few at the top do well while everyone else struggles to get by -- we're better off when everyone gets a fair shot, everyone does their fair share, and everyone plays by the same rules.
When Bill Clinton was president, he believed that if America invested in the skills and ideas of its people, good jobs and businesses would follow. His economic plan asked the wealthiest Americans to pay a little more so we could reduce our deficit and still invest in job training and education, research and technology, better health care and a dignified retirement. And what happened? By the end of his second term, our economy created 23 million new jobs. Incomes rose. Poverty fell. Deficits became the biggest surplus in history.
The path Governor Romney offers is the one we tried for eight years after President Clinton left office -- a philosophy that says those at the very top get to play by a very different set of rules than everyone else. Bigger tax cuts for the wealthy that we can't afford. Encouraging companies to ship jobs and profits overseas. Fewer rules for big banks and insurance companies. They're the policies that caused this mess in the first place.
In the closing weeks of this campaign, Governor Romney has started calling himself an agent of change. And I'll give him one thing -- offering another $5 trillion tax cut weighted towards the wealthy, $2 trillion in defense spending our military didn't ask for, and more power for big banks and insurance companies is change, all right. But it's not the change we need.
We know what real change looks like. And we can't give up on it now.
Should Obama have another term?
Change is an America where people of every age have the skills and education that good jobs require. We took on banks that had been overcharging for student loans for decades, and made college more affordable for millions. Now we'll recruit 100,000 math and science teachers so that high-tech, high-wage jobs don't end up in China, and train 2 million workers at community colleges for the skills local businesses need right now.
Change is an America that's home to the next generation of manufacturing and innovation. I'm not the candidate who said we should "let Detroit go bankrupt," I'm the president who bet on American workers and American ingenuity. Now I want a tax code that stops rewarding companies that ship jobs overseas, and starts rewarding companies that create jobs here; one that stops subsidizing oil company profits, and keeps supporting clean energy jobs and technology that will cut our oil imports in half.
Change is an America that turns the page on a decade of war to do some nation-building here at home. So long as I'm commander-in-chief, we'll pursue our enemies with the strongest military in the world. But it's time to use the savings from ending the wars in Iraq and Afghanistan to pay down our debt and rebuild America -- our roads and bridges and schools.
Change is an America where we reduce our deficit by cutting spending where we can, and asking the wealthiest Americans to go back to the income tax rates they paid when Bill Clinton was president. I've worked with Republicans to cut a trillion dollars of spending, and I'll do more. I'll work with anyone of any party to move this country forward. But I won't agree to eliminate health insurance for millions of poor, elderly, or disabled on Medicaid, or turn Medicare into a voucher just to pay for another millionaire's tax cut.
The folks at the very top don't need another champion in Washington. The people who need a champion in Washington are the Americans whose letters I read at night; the men and women I meet on the trail every day. The cooks and cleaning staff working overtime at a Las Vegas hotel. The furniture worker retraining for a career in biotechnology at age 55. The teacher who's forced to spend less time with each student in her crowded classroom. Her kids, who dream of becoming something great. Every small business owner trying to expand and do right by his or her employees -- all of these Americans need a champion in Washington.
When these Americans do well, America does well. That's the change we need right now. It's time to finish what we've started -- to educate our kids, train our workers, create new jobs, new energy, and new opportunity -- to make sure that no matter who you are, where you come from, or how you started out, this is the country where you can make it if you try.
The America we believe in is within our reach. The future we hope for is within our sights. That's why I'm asking for your vote this Tuesday. more information

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Obama, Romney launch final blitz

President Barack Obama is greeted by former President Bill Clinton during a campaign rally in Concord, New Hampshire, on Sunday, November 4. Obama and his Republican rival, Mitt Romney, are darting from swing state to swing state, trying to fire up enthusiasm among supporters and win over any last wavering voters before election day. President Barack Obama is greeted by former President Bill Clinton during a campaign rally in Concord, New Hampshire, on Sunday, November 4. Obama and his Republican rival, Mitt Romney, are darting from swing state to swing state, trying to fire up enthusiasm among supporters and win over any last wavering voters before election day.

(CNN) -- President Barack Obama and Republican challenger Mitt Romney barnstormed their way across more than a half-dozen battleground states on Sunday, making closing arguments to a closely divided American electorate before Tuesday's vote.
Obama stumped in New Hampshire in the morning, flew to Florida and Ohio, and was headed west to Colorado in the evening. Romney spent Sunday heading east from Iowa to Virginia, with a stop in Ohio and a foray into Pennsylvania in between.
Along the way, Obama painted Tuesday's vote as a choice between policies that had moved the country out of the depths of recession and ones that got it into one in the first place.
"On the one hand, you can choose to return to the top-down policies that crashed our economy," Obama told supporters in Hollywood, Florida, north of Miami. "Or you can join me in building a future that focuses on a strong and growing middle class."
Stumping with former President Bill Clinton in Concord, New Hampshire, he said Romney is trying "to repackage the same old ideas and pretend they're new."
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"We know what change looks like, and what he's selling ain't it. It ain't it," Obama said.
In Cincinnati, the president vowed to win Ohio and the nation's highest office, "one more time."
Campaign spokeswoman Jen Psaki said the president was "reflective" and "nostalgic" working the crowds.
"He's enjoying himself," Psaki said, adding, "He's taking in every moment."
In Des Moines, Iowa, and Cleveland, Romney told voters that Obama's record, particularly on the economy, didn't warrant returning him to Washington.
"Throughout this campaign, using everything he can think of, President Obama has tried to convince you his last four years have been a success," Romney told a rally in Cleveland. "So his plan for the next four years is to take all the ideas from his first term -- the borrowing, Obamacare and all the rest -- and do them all over again. He calls his plan 'forward'. I call it forewarned."
In Des Moines, Romney said that would mean "continued, crippling unemployment. It means stagnant take-home pay. It means depressed home values and a devastated military.
"Unless we change course, we may be looking at another recession," he said. "We're only two days away from a very different path, from a fresh start."
While tn Newport News, Virginia, Romney urged supporters to look beyond rhetoric, to the candidates' records.
"You see, talk is cheap, but a record it's earned," he said. "Change can't be measured in speeches; change is measured in achievements."
National polls show the race locked in a virtual dead heat, or tied.
A new CNN poll showed 49% support for Obama, and 49% for Romney.
A Politico/George Washington University survey has it tied at 48%; an NBC News/Wall Street Journal poll indicates Obama at 48% and Romney at 47%; and the latest ABC News/Washington Post tracking poll puts Obama at 49% and Romney at 48%.
In response to the numbers, a senior official with the Obama campaign said his team is confident in its "ground game."
"Would rather be us than them," the official said.
Romney's next stop was in Pennsylvania -- a state most published polls show leaning Democratic. But Romney's running mate, Wisconsin congressman Paul Ryan, made a stop there Saturday, and Romney was headed for the Philadelphia suburbs Sunday evening.
Romney adviser Kevin Madden told reporters on the campaign plane Sunday that Obama is "under-performing" in Pennsylvania, "and it's presented us an opportunity."
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"We have a really strong volunteer infrastructure that we think could make a difference," Madden added. "And that's why we're traveling there with two days to go, and we have spent a lot of time in the last few weeks concentrating on expanding the map."
The Obama campaign discounted Romney's chances of reclaiming Pennsylvania, which hasn't gone for a Republican presidential candidate since 1988. Psaki compared the GOP effort to "climbing Mount Everest without a guide, without a map and without support staff."
But she added, "We're not taking a single vote for granted," and Clinton will be campaigning all over the state on Obama's behalf.
Obama's running mate, Vice President Joe Biden, visited Cleveland on Sunday. He told a crowd at a high school that Romney and his running mate, Paul Ryan, are "running away from what they've stood for the last decade faster than you can imagine."
"But like a little kid, they can't run away from their shadow until the sun goes down," Biden said. "It's going down Tuesday."
Ryan started his day with a brief appearance at Lambeau Field, where he tailgated with fellow Green Bay Packers fans ahead of the team's 31-17 win over the Arizona Cardinals. He left before kickoff for Mansfield, Ohio, where he focused on shuttered auto plants and defense cuts in a state where Romney's opposition to the 2008 federal auto bailout of the U.S. auto industry has hurt the GOP. Mansfield was home to plant that made body parts for General Motors before the company's restructuring, when it was shut down.
"It's not going the right way in some places in America, and you know what it doesn't have to be like this. We don't have to settle for this," Ryan said. "This may be the best that President Obama can do, but it is not the best that America can do."
The polling numbers are slightly different in the battlegrounds, where Obama holds a small edge in more states than Romney. But most of those leads are well within the polls' sampling errors.
Obama ends his blitz Monday with three rallies with rocker Bruce Springsteen in Madison, Wisconsin; Columbus, Ohio, where he'll be joined by rapper Jay-Z; and Des Moines, Iowa. First lady Michelle Obama will introduce the president to a crowd in Iowa, where Obama's 2008 Democratic campaign took off with a surprise win in the caucuses there. The couple then will head to Chicago, where they'll spend Election Day.
Romney's other stops include Sanford, Florida; Lynchburg and Fairfax, Virginia; Columbus, Ohio; and a finish in Manchester, New Hampshire, before making the short trip to Boston, where he'll spend Election Day.

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FIH Climbs on Reports of IPhone-Led Profit: Hong Kong Mover


Rose by a record in Hong Kong after HSBC Holdings Plc. and Citigroup Inc. raised ratings, citing a return to profit on orders for Apple Inc. (AAPL)’s iPhone and Amazon.com Inc. (AMZN)'s new device. FIH added 34 percent to HK$3.67 as of the midday break in Hong Kong, headed for the biggest gain since it began trading in February 2005. Over 156 million shares traded, more than 13- times the three-month moving average, according to data compiled by Bloomberg. The benchmark Hang Seng Index fell 0.4 percent.
FIH Climbs on Reports of IPhone-Led Profit
Employees of Hon Hai Precision Industry Co. Ltd. work along a production line in the Longhua Science and Technology Park, also known as Foxconn City, in Shenzhen, China. Photographer: Thomas Lee/Bloomberg
A transfer of orders for iPhones from Hon Hai Precision Industry Co. (2317), as well as a smartphone for Amazon.com will help Foxconn International boost factory utilization and return the company to profit, the two brokerages wrote in reports. Amazon is working with FIH to develop its first smartphone, Bloomberg News reported in July.
“These new customers (Apple and Amazon) should help lift utilization,” Taipei-based HSBC analysts Yolanda Wang and Joyce Chen wrote in a report today, raising their recommendation to overweight from underweight. Revenue will rise 41 percent in fiscal 2013 while operating margin will improve to 2.5 percent from -5.5 percent, they wrote.
Foxconn International, whose major clients include Nokia Oyj (NOK1V), Motorola Mobility Holdings Inc. and Sony Ericsson, will start producing iPhones late this year or early next year, Daiwa Securities Group Inc. Taipei-based analyst Birdy Lu wrote in an Oct. 10 report.
`Golden Opportunity'
Hon Hai Precision, the world’s largest contract manufacturer of electronics and the Taipei-based flagship of the Foxconn Technology Group, owns 69.5 percent of Foxconn International through its Foxconn Far East Ltd. unit. Its stock lost 1.4 percent in Taipei trading.
The company is unaware of any reason for today’s share price movement, it said in a Hong Kong exchange filing today. Spokesman Vincent Tong wasn’t available at his office and didn’t immediately reply to an e-mail from Bloomberg News.
“FIH has been the poster child for the decline of traditional handset brands - Nokia, Motorola and Sony Ericsson, which together accounted for 90 percent of FIH’s sales back in 2007,” Citigroup Taipei-based analysts Kevin Chang and Jonathan Gu wrote in a report dated Nov. 2. Hon Hai transferred some iPhone orders to FIH from last month, they wrote.
“With internet/software companies getting into the smartphone space, FIH now has a golden opportunity to resume growth,” wrote Chang and Gu, who changed their rating to buy from neutral and raised their price target by 45 percent to HK$5.80. “We note that Amazon, Google, Microsoft, Xiaomi, Baidu, Tencent are all trying to launch smartphones and none has in-house manufacturing.”
Today’s climb stems FIH’s decline this year to 27 percent following a 7.7 percent drop last year and 40 percent in 2010. Its six-month loss widened 12-fold to $226 million for the period ending June 30, according to data compiled by Bloomberg. more info

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