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Obama, Romney Agree Economy is #1 Issue

By: CBS News
Updated: May 24, 2012
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President Obama and Mitt Romney have something in common.

Both men agree that this year's election boils down to a simple question...Who is more qualified to fix the economy.

President Obama campaigned late into the night in Redwood, California, trying to convince voters he's best qualified to lead the country.
"I still believe in you, and I hope you still believe in me," he said.

Governor Romney told Time magazine's Mark Halperin, he will shrink the unemployment rate to six percent by the end of his first term
"We have an economy in trouble. And someone who's spent their career in the economy, is more suited to help fix the economy than someone who's spent his life in politics and as a community organizer."

The president says Romney's ideas are what caused the economic collapse in the first place.  "Most good business people I know say that if something doesn't work, they try something different. So he either thinks there's going to be a different result, or he's hoping you don't remember what happened the last time we tried it his way."

The race for the White House will likely be determined by a few battleground states, including Florida, where a new poll shows Romney ahead by six percent.
"The reason you're seeing people across the country say they would like to try someone new is because they believe this president, while he may be a nice guy, is simply not up to the task of helping guide this economy," Romney said.

The president says this will be a close race.
"This election will be closer than the last one. People don't remember the last election was close."

That has both sides rushing to raise money. The president's significant edge in fundraising is said to be shrinking fast.



(Susan McGinnis, CBS News)

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