Obama: Romney, GOP Offering Only Well-Worn Ideas [VIDEO]

President Barack Obama says Mitt Romney and the Republican Party are offering outdated ideas that are ill-suited for the United States today and in the future, and that the GOP doesn't have the answers to move the country forward.

The Democratic incumbent, who's campaigning in Iowa on Saturday and heading next week to North Carolina for his party's national convention, says he will offer what he believes is a "better path" when he speaks to delegates on Thursday night.

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Obama says Republicans at their just ended convention tried to make this case: "Everything is bad, it's Obama's fault" and Romney is the one who knows the secret to creating jobs and expanding the economy.

But the president says there was plenty of GOP talk about hard truths and bold ideas at the convention, but no details.