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U.S. President Barack Obama (R) speaks as Republican presidential nominee Mitt Romney (L) listens during the second U.S. presidential debate in Hempstead, New York, October 16, 2012.
U.S. President Barack Obama (R) speaks as Republican presidential nominee Mitt Romney (L) listens during the second U.S. presidential debate in Hempstead, New York, October 16, 2012.

Live Blog: The Second U.S. Presidential Debate

22:26 16.10.2012
Obama says Romney was for an assault weapons ban before he was against it. Romney shakes his head after Obama says Romney changed his mind because he was seeking the endorsement of the National Rifle Association. Obama says education reforms his administration has put in place are showing gains. Overrides moderator to continue discussing the issue of education. Crowley points out "the question was guns."
22:32 16.10.2012
Question 11: Female audience member asks what plans candidates have to create jobs and keep jobs in the United States.
Romney says he wants to make America the most attractive place in the world for entrepreneurs. He says the nation has to make sure that as it trades with other nations that they play by the rules. He says China hasn't, in part by manipulating its currency.
He says Obama refuses to label China a "currency manipulator," but that he would do so on day one as president.

Romney says the U.S. has to be competitive if it's going to create more jobs. He says regulations have quadrupled under Obama and that businesses feel they are under attack.
He says Obama's health care plan has been a deterrent for businesses. He repeats that one part of his own plan for the nation is to keep China playing by the rules.

Obama says both he and Romney agree on lowering the corporate tax rate, but that he wants to close loopholes allowing companies to have tax advantages offshore, but that Romney wants to expand those tax breaks.

Obama says the nation is on pace to double its exports. He says his administration has been pushing trade deals that ensure American businesses are getting a good deal.

On China, Obama says the Chinese currency has gone up 11 percent since he's been president, because his administration has pushed them hard.
22:32 16.10.2012
President Barack Obama, right, and Republican presidential candidate Mitt Romney participate in the presidential debate, October 16, 2012, at Hofstra University in Hempstead, New York.
President Barack Obama, right, and Republican presidential candidate Mitt Romney participate in the presidential debate, October 16, 2012, at Hofstra University in Hempstead, New York.
22:35 16.10.2012
Crowley asks about Apple products such as iPhones and Macs being produced in China.
Romney says China has been "cheating." Romney says the nation will have to have people play on a fair basis to attract companies like Apple to manufacture in the U.S.
Obama says there are some jobs that are not going to come back to America because they are low wage, low skill jobs. He says he wants high wage high skill jobs for the nation.
Obama says he wants investment in research and education to help build good jobs.
Romney says "government does not create jobs."

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