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Obama says 
path to recovery hard, challenge ‘can be met’

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The economy is by far the dominant issue in the campaign, and the differences between Obama and his challenger could hardly be more pronounced.

Romney wants to extend all tax cuts that are due to expire on Dec. 31 with an additional 20 percent reduction in rates across the board, arguing that job growth would result. He also favors deep cuts in domestic programs ranging from education to parks, repeal of the health care legislation that Obama pushed through Congress and landmark changes in Medicare, the program that provides health care to seniors.

Obama wants to renew the tax cuts except on incomes higher than $250,000, saying that millionaires should contribute to an overall attack on federal deficits. He also criticizes the spending cuts Romney advocates, saying they would fall unfairly on the poor, lower-income college students and others. He argues that Republicans would “end Medicare as we know it” and saddle seniors with ever-rising costs.

After two weeks of back-to-back conventions, the impact on the race remained to be determined.

You’re not going to see big bounces in this election,” said David Plouffe, a senior White House adviser. “For the next 61 days, it’s going to remain tight as a tick.”

Romney wrapped up several days of debate rehearsals with close aides in Vermont and is expected to resume full-time campaigning in the next day or two.

In a brief stop to talk with veterans on Thursday, he defended his decision to omit mention of the war in Afghanistan when he delivered his acceptance speech last week at the Republican National Convention. He noted he had spoken to the American Legion only one day before.

Romney’s campaign released its first new television ad since the convention season began.

It shows Clinton sharply questioning Obama’s credibility on the Iraq War in 2008, saying “Give me a break, this whole thing is the biggest fairy tale I’ve ever seen.” Obama was running against Hillary Rodham Clinton at the time for the Democratic nomination.

It will likely be a week or more before the two campaigns can fully digest post-convention polls and adjust their strategies for the fall.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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