US Presidential Debate: Round 3

Live Blog

US Presidential Debate: Round 3

Live blog of the third US presidential debate for the 2012 election season. Updates courtesy of and The Boston Globe.

  • Live stream by Ustream

    Livestream courtesy of the PBS NewsHour.

    Blogging and tweeting for the Boston Globe / Bryan Bender, national security reporter; Michael Kranish, Washington bureau deputy chief; Glen Johnson (@globeglen), Politics editor; Matt Viser (@mviser), Callum Borchers and Alan Wirzbicki, Politics reporters; Erin Ailworth, business reporter.

    We'll also have tweets from Rappler's Carmela Fonbuena, who is covering the US election. She is currently in California. Editing live blog for Rappler in Manila is KD Suarez.

    If you'd like to filter out comments from readers, click "Options" on the orange box below and change the drop down menu under "Viewer Comments" to "off."

  • Schieffer asks Romney about Pakistan: It has arrested doctor who led US to bin Laden. “Is it time for us to divorce Pakistan?” Romney says no, since it has 100 nuclear weapons. “It’s not a nation that’s like others,” since it has military control. “If it becomes a failed state, there are nuclear weapons there. ... This is an important part of the world for us,” says Romney.

    Schieffer asks Romney, “What is your position on the use of drones?” Says it is widely reported they are in heavy use, and he supports that. But he also calls for “a far more effective and comprehensive strategy” to move world away from radical extremism.
  • ANALYSIS: Romney seems to be taking pains to stress points of agreement with Obama. On drones: "I support that entirely, and feel the president was right." Upside: it could make him look statesmanlike. Downside: repeatedly praising Obama muddles Romney's argument that the president has mishandled foreign policy.
  • NOW: China-US relations
  • Now: The rise of China #USvote
  • Obama: China both an adversary and a potential partner
  • Obama: China is both an adversary and a potential partner. #USvote
  • Romney: Greatest threat is a nuclear Iran China also wants a stable world
  • Schieffer asks Romney about Pakistan: It has arrested doctor who led US to bin Laden. “Is it time for us to divorce Pakistan?” Romney says no, since it has 100 nuclear weapons. “It’s not a nation that’s like others,” since it has military control. “If it becomes a failed state, there are nuclear weapons there. ... This is an important part of the world for us,” says Romney.

    Schieffer asks Romney, “What is your position on the use of drones?” Says it is widely reported they are in heavy use, and he supports that. But he also calls for “a far more effective and comprehensive strategy” to move world away from radical extremism.

    Obama says drones aren’t only part of US policy, that State Department has engaged on a variety of levels. “Across the board,” US is supporting them, he said.

    Schieffer asks Obama: What is greatest future threat? President says terrorism, followed by China, which can be great economic partner, but it has to be a world partner, too.
  • Romney: We can be a partner of China.. we can work with them Again invokes economy
  • FACT CHECK: The Obama administration has won every trade case against China that has been decided: The Obama administration has won about a dozen cases against China that were decided by the World Trade Organization, including a ruling last week that barred China from imposing unfair tariffs on American steel exports. The United States has not lost any of the cases it has brought before the WTO against China, though some are pending.

    But China also has won three trade cases against the United States, and it is unclear whether the American victories have aided US companies. For example, the Obama administration successfully fought for repeal of Chinese tariffs on American-made auto parts, but before and during the adjudication process, Chinese auto parts makers built a formidable industry that has diminished little, even after the tariff repeal.

    The Obama administration filed a new complaint in September, alleging that China is illegally subsidizing its auto parts industry to gain a competitive advantage over the United States. Winning the case would not automatically entitle American companies to recover lost business.

    In addition, some major business sectors fall outside the World Trade Organization’s jurisdiction, leaving the United States without an independent arbiter to resolve disputes.
  • Romney, much different than campaign trail talk: “We can be a partner with China. We don’t have to be an adversary in any shape or form.”
  • ANALYSIS: China, in many ways, is both an opportunity and a threat. For sure, the country wants to acquire any and all of the cutting edge US companies and technologies that it can. Two local
    cases illustrate the point: 1) an ongoing intellectual property lawsuit filed by AMSC (formerly
    American Superconductor) after the Devens firm said the Sinovel Wind Group Co. in Beijing
    stole some of its wind turbine control system technology; and 2) a more legitimate attempt by Wanxiang to acquire advanced battery technology from A123 Systems. US firms, meanwhile
    see China and its already vast – and still-growing – consumer market as a place they need to be
    to compete. Here’s one story I did on the topic a few months ago, highlighting operations that Massachusetts companies like Cabot Corp and Thermo Fisher Scientific have built up in China.
  • Romney: China has interest very much like ours. They don't want war, protectionism. We can be a PARTNER of China #USvote
  • “You are familiar with jobs being shipped overseas," Obama says to Romney. "Because you invested in companies that shipped jobs overseas."
  • Romney focuses on China, saying government doesn’t help businesses grow. Then he makes clear that greatest threat to US is a nuclear Iran. Then, returning to China, says, “We can be a partner with China ... if they’re willing to be responsible.” Says US is compromised with US deficit to China, and cuts to US military.

    Schieffer says to Romney, If you declare them a currency manipulator on Day One, won’t that start trade war? Romney says there already is a trade imbalance, and it is in China’s interest to have the US market open to it.
  • Romney's team out in more force, and earlier, than Obama's team in the spin room, if that means anything.
  • “Attacking me is not talking about an agenda," Romney says.
  • FACT CHECK: China's manipulation of its currency has been a political hot potato for years, and Mitt Romney brought it up again tonight, promising to formally label China a currency manipulator. However, concerns over currency manipulation have eased somewhat recently. Since 2009, the value of China’s currency has risen by 11 percent against the dollar, when inflation rates in the two countries are factored in, making US goods slightly more competitive and China’s slightly less so.
  • US President Barack Obama and Republican Presidential candidate Mitt Romney participate in the third and final presidential debate at Lynn University in Boca Raton, Florida, October 22, 2012. The showdown focusing on foreign policy is being held in the crucial toss-up state of Florida just 15 days before the election and promises to be among the most watched 90 minutes of the entire 2012 campaign. AFP PHOTO / Saul LOEB

  • “I’m a son of Detroit. My dad was head of a car company," Romney says. "I would do nothing to hurt the car industry.”
  • This is Romney's "Let Detroit Go Bankrupt" op-ed
  • “I want to invest in research. Research is great," Romney says. "But investing in companies? Absolutely not.”
  • “Gov Romney, you keep on trying to airbrush history," Obama says.
  • Obama on the offensive, tells Romney: "You keep on trying to airbrush history" #USvote
  • Obama hits back, “You are familiar with shipping jobs overseas, because you invested in companies shipping jobs overseas.” Also says if US took his auto industry advice, “we’d be buying cars from China.” Obama says US exports to China have doubled since he took office.

    Romney retorts again, “Attacking me is not an agenda,” and then also rebuts that he would not hurt US auto industry. Recites that he called for a “managed bankruptcy” and that he would not hurt the industry. “I have never said I would liquidate the industry,” says Romney. Obama replies, “The people of Detroit don’t forget.”
  • ANALYSIS: Government-backing of clean technology companies has been tough for Obama given that several firms that got government funds have failed: California solar panel maker Solyndra; Tyngsboro energy storage developer Beacon Power; and the latest, Waltham lithium ion battery maker A123 Systems. A123 filed for bankruptcy last week, and was immediately the subject of
  • RT @michaelscherer: Here is what Romney said on auto bailout:
  • Romney mentions meeting people in Wisc and Pa. Adds: "Ann was with someone the other day just weeping about not being able to get work.”
  • "I think we all love teachers," Schieffer says, in closing.
  • On Rappler: Obama mocks Romney: #horsesandbayonets
  • Closing statements!
  • Final statements from Obama, Romney. Obama goes first
  • Obama: I will fight for your families, and I will work every single day to make sure America remains the greatest nation on Earth
  • Romney accuses Obama of investing in companies, not basic academic research. “Governor Romney, you keep trying to airbrush history here,” says Obama. “You’re wrong, Mr. President,” says Romney. “No, I am not wrong,” is the reply. They agree fact-checkers will sort it out.

    Romney says he wants to go forward, but not with policies of past four years. He then ticks through economic indexes that have gotten worse during administration. “It’s just a tragedy that in in a nation so prosperous as ours that the last four years have been so hard,” says Romney.
  • RT @politico: Obama in closing statement: It's time to do some nation building at home ... we bounce back because of our character. #debates
  • “We’ve been through tough times, but we always bounce back," Obama says, hoping voters bounce back with him and not Romney.
  • Romney now delivering his closing statement.
  • "I’m optimistic about the future," Romney says, hoping voters are optimistic about him and the way he sees the future.
  • FACT CHECK: What exactly did Romney say about the auto industry? As both candidates pointed out, voters can look up his op-ed on the subject themselves. And here it is. Romney wrote, "I believe the federal government should invest substantially more in basic research," and wrote, "The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk."
  • Romney: Washington is broken. I know what it takes to bring this country back.
  • ANALYSIS: Obama may be declared the winner of this debate in instant polls, but Romney may have accomplished his seemingly modest goal. Romney’s game plan clearly was to reassure voters concerned about his bellicose campaign rhetoric that he would be a steady hand. While he attacked Obama regularly, he also repeatedly said that he agreed with the president. He stressed he, like Obama, did not want to send US troops into Syria. For Obama, meanwhile, this was a strong performance. Even when on defense, he managed not to seem defensive. He used many chances to put his record in the best light and Romney’s rhetoric in the worst. It was not likely to be the kind of game-changer like debate No. 1, but it may have brought Obama some gains. Whether it is enough to make a difference won’t be known until Election Day.
  • And that ends the 2012 US Presidential Debates.

  • One oddity of these post-debate moments: Obama stands there with Michelle and mingles with Mitt Romney's large family.
  • Thank you for joining our live coverage of the third and final US presidential debate. See you in our next live event!
  • RT @newsbreak_ph: And that's the end of the 2012 US Presidential Debates series. Thank you for joining us! Wrap of event up shortly on h ...
  • Schiffer moves to closings. Obama says clearly, “Now you’ve got a choice,” between policies that created wars and started worst recession since Great Depression.

    After Obama pledges to fight for families. Romney thanks Schieffer, Obama, and Lynn University. Says he is excited for future.

    “We have the opportunity to have real leadership,” he says. Under Obama, country will be “heading toward Greece,” while he will restore economy. “America’s going to come back, and for that we need a president who knows how to work across the aisle,” as he did in Massachusetts, says Romney.

    “I’d like to be the next president of the United States,” says Romney. And with that, the debate concludes, and with it, the debate series. Romney and Obama have extended handshake at end, and even share a laugh. This will be the last time they see each other before Election Day.
Powered by ScribbleLive Content Marketing Software Platform