Obama,Romney Offer Plans To Fix Economy [VIDEO]

President Barack Obama and Republican presidential challenger Mitt Romney are offering dueling speeches about how to fix the economy.

Mitt Romney says President Barack Obama is "long on words and short on action" when it comes to fixing the economy.

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In a speech Thursday, the likely Republican presidential nominee assailed his Democratic rival's policies before the president stepped to the microphone to deliver his economic speech in a different part of Ohio. Romney said Obama's "talk is cheap" but his actions "speak very loud."

Romney criticized the economic stimulus bill, the health care law and Obama's decision not to approve the Keystone XL oil pipeline from Canada.

Romney's advisers billed his appearance as a major speech on the economy, but the former Massachusetts governor offered little beyond his standard campaign rhetoric. He was originally scheduled to speak at the same time as Obama, but began 15 minutes early.

Obama: Election is chance to break stalemate

President Barack Obama says November's election will give voters the chance to break a stalemate about America's direction.

Obama said at a campaign speech in battleground Ohio that his race against Republican Mitt Romney will present a choice "between two fundamentally different visions" about how to grow the economy, create jobs for the middle class and pay down the nation's debt.

The president said the nation is being held back by a "stalemate" in Washington. He acknowledged the economy isn't where it needs to be and said the election-year debate will pivot on how the economy grows faster and creates jobs.

Obama and Romney spoke about 250 miles apart on Thursday. The president was at a community college in Cleveland; Romney spoke at a manufacturing company in Cincinnati.

(Copyright 2012 by The Associated Press. All Rights Reserved.)