The Candidates and The World

Transition 2012

A guide to foreign policy and the 2012 U.S. presidential transition.

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Overnight Roundup: Candidates Still Talking About the Economy

by Newsteam Staff
May 9, 2012

Photo of the Day: Mitt Romney addresses a crowd at Lansing Community College in Lansing, Michigan May 8, 2012 (Rebecca Cook/Courtesy Reuters) Photo of the Day: Mitt Romney addresses a crowd at Lansing Community College in Lansing, Michigan May 8, 2012 (Rebecca Cook/Courtesy Reuters)


In Michigan Tuesday, GOP presumptive presidential nominee Mitt Romney said the United States was on a path of “the greatest economic divergence of the last hundred years” shortly before sweeping another GOP three primaries.

“I propose a different course, a new course unlike any of our past,” he said. “It will draw on the creativity and invention of the world’s most innovative citizenry. Government will be their partner, not their master. And government will be small enough for businesses to grow fast enough – fast enough to exploit the global opportunities in our changing world, fast enough to create better jobs, fast enough to provide our children with a future brighter than our past.”

Romney’s wins in Indiana, North Carolina and West Virginia Tuesday, bring him closer to 1,144 delegates needed to officially seal up the party’s nomination. Only Ron Paul remains in the race against Romney, but Rick Santorum and Newt Gingrich remained on the ballots in all three states despite ending their campaigns.

Romney also took to the airwaves (Fox News) Tuesday night saying the United States should be working to take down Syrian President Bashar al-Assad and communicating “our strength, our determination and indicate if people want to be friends with America, they’re going to have to hold to the principles that we find dear.”

On the campaign trail in Albany, New York, Obama called on Congress, particularly congressional Republicans, to support his economic agenda, listing his essential proposals as a to do list on the White House web site.

“The truth is, the only way we can accelerate the job creation that takes place on a scale that is needed is bold action from Congress,” Obama said. “Because of the Recovery Act, because of all the work we’ve done, we’ve created over 4 million jobs over the last two years. We’ve created hundreds of thousands of jobs each month over the last several months.  So we’re making progress, but everybody knows we need to do more.”

Senate Republicans blocked consideration (NYT) of a bill that would keep student loan rates from doubling July 1. Republicans say they want to extend the legislation passed in 2007 that temporarily reduced interest rates on subsidized Stafford loans to 3.4 percent from 6.8 percent but refuse to accept accept Senate Democrats’ proposal to pay for the one-year extension by closing a tax loophole for the wealthy.

Both Obama and Romney have said they support keeping student loan rates low. About $1 trillion is owed in student loan debt nationwide.

Republican Sen. Richard Lugar, a major figure on the national security, arms control, and foreign policy, lost his bid for reelection (DailyBeast) against a Tea Party backed candidate in the Indiana primary.

–Contributing Editor Gayle S. Putrich and Senior Editor Toni Johnson

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