2012 Presidential campaign. President Barack Obama and his Republican challenger Mitt Romney meet for their second debate in a "town hall" format. Moderated by CNN correspondent Candy Crowley. Questions come from the audience. Romney says he knows what it takes to create good jobs. Obama lays out three areas he wants to build on to create a better economy and create more jobs. Obama reminds listeners that Romney was willing to let the American car companies go bankrupt but Romney says his position has been misrepresented. Obama defends policies on oil and gas that have increased production and reduced consumption. Romney says over regulation is strangling the petroleum industry. They discuss tax policy and the deficit challenging each others' numbers and estimates and argue over the real impact of tax cuts and Romney's proposed defense spending. They argue over equal pay for women, contraception insurance coverage, healthcare costs, trade with China, cost of living, immigration, security in Libya, and assault weapon bans. Romney suggests poverty and single parent households breed violence. Obama challenges Romney's position and his endorsement by the NRA. Romney says regulation has crushed small business. Obama says tax cuts and credits to small business have helped and accuses Romney of being complicit in shipping jobs to China. Held at Hofstra University in Hempstead, N.Y. Sponsored by The Commission on Presidential Debates.
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