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 2012 Presidential Debate
(transcript)
October 3
rd
2012University of Denver, Colorado
Barack Obama • Mitt Romney
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October 3, 2012 Debate Transcript
Commission on Presidential Debates
October 3, 2012 Debate Transcript
PRESIDENT BARACK OBAMA AND FORMER GOV. MITT ROMNEY,R-MASS., PRESIDENTIAL CANDIDATE, PARTICIPATE IN ACANDIDATES DEBATE, UNIVERSITY OF DENVER, COLORADOOCTOBER 3, 2012SPEAKERS: FORMER GOV. MITT ROMNEY, R-MASS.PRESIDENT BARACK OBAMAJIM LEHRER, MODERATORLEHRER: Good evening from the Magness Arena at the University of Denver in Denver, Colorado. I'm Jim Lehrerof the "PBS NewsHour," and I welcome you to the first of the 2012 presidential debates between President BarackObama, the Democratic nominee, and former Massachusetts Governor Mitt Romney, the Republican nominee.LEHRER: This debate and the next three -- two presidential, one vice presidential -- are sponsored by theCommission on Presidential Debates. Tonight's 90 minutes will be about domestic issues and will follow a formatdesigned by the commission. There will be six roughly 15-minute segments with two-minute answers for the firstquestion, then open discussion for the remainder of each segment.Thousands of people offered suggestions on segment subjects or questions via the Internet and other means, but Imade the final selections. And for the record, they were not submitted for approval to the commission or thecandidates.The segments as I announced in advance will be three on the economy and one each on health care, the role ofgovernment and governing, with an emphasis throughout on differences, specifics and choices. Both candidateswill also have two-minute closing statements.The audience here in the hall has promised to remain silent -- no cheers, applause, boos, hisses, among othernoisy distracting things, so we may all concentrate on what the candidates have to say. There is a noise exception1 / 46
 
October 3, 2012 Debate Transcript
Commission on Presidential Debatesright now, though, as we welcome President Obama and Governor Romney.(APPLAUSE)Gentlemen, welcome to you both. Let's start the economy, segment one, and let's begin with jobs. What are themajor differences between the two of you about how you would go about creating new jobs?LEHRER: You have two minutes. Each of you have two minutes to start. A coin toss has determined, Mr.President, you go first.OBAMA: Well, thank you very much, Jim, for this opportunity. I want to thank Governor Romney and the Universityof Denver for your hospitality.There are a lot of points I want to make tonight, but the most important one is that 20 years ago I became theluckiest man on Earth because Michelle Obama agreed to marry me.And so I just want to wish, Sweetie, you happy anniversary and let you know that a year from now we will not becelebrating it in front of 40 million people.(LAUGHTER)You know, four years ago we went through the worst financial crisis since the Great Depression. Millions of jobswere lost, the auto industry was on the brink of collapse. The financial system had frozen up.And because of the resilience and the determination of the American people, we've begun to fight our way back.Over the last 30 months, we've seen 5 million jobs in the private sector created. The auto industry has comeroaring back. And housing has begun to rise.But we all know that we've still got a lot of work to do. And so the question here tonight is not where we've been,but where we're going.Governor Romney has a perspective that says if we cut taxes, skewed towards the wealthy, and roll backregulations, that we'll be better off. I've got a different view.2 / 46
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