Accusations Fly in Obama, Romney Stump Speeches

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President Barack Obama and GOP candidate Mitt Romney traded blows again in campaign speeches, taking aim at the other's future plans for growing the economy.

The president continued to focus on Romney's time at Bain Capital, a private equity company he founded in 1984 that eventually sent some of its jobs overseas.

"Gov. Romney's economic plan would in fact create 800,000. There's only one problem. The jobs wouldn't be in America. They would not be in America," Obama charged.

Romney has said he had no active role at Bain when the company started outsourcing in 1999. The Obama campaign is now accusing him of lying about his role in the company, hinting that Romney may be guilty of a felony for misrepresenting himself.

The president also claims Romney's tax policies would benefit the rich. A new ad titled "Makes You Wonder" criticized Romney for not wanting to release more than two years of his tax returns, and questioned whether he avoided paying taxes some years.

Meanwhile, Romney went into defense mode, stepping up his criticism of the president while campaigning in the Pittsburg area Tuesday.

He accused Obama of ignoring middle-income Americans while catering to big donors.

In a Fox News interview, Romney claimed the president gave federal grants and loan guarantees to energy companies run by his supporters.

"I think it stinks to high heaven; I think the administration has to explain how it is they would consider giving money to campaign contributors," Romney said.

Romney has also referred to the president as "outsourcer in chief" in recent speeches.

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