Obama, Romney Toss Insults in Back-to-Back Speeches

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President Barack Obama and White House hopeful Mitt Romney went tit for tat in Ohio Thursday, as they tried to win over voters in the key battleground state.

Speaking within minutes of each other, both focused on the economy -- and how the other doesn't have what it takes to lead America out of its financial rut.

"Don't forget, he's been president for three and a half years. And talk is cheap. Actions speak very loud," Romney said in Cincinnati.

President Obama made a point of stressing that he and Romney have two very different economic philosophies.

"If you want to give the policies of the last decade another try, then you should vote for Mr. Romney," Obama said.

This was the president's first major economic speech of the general election. But it came as the Labor Department announced more bad news on the jobs front.

According to Thursday's report, weekly applications for jobless benefits rose 6,000 to a seasonally adjusted 386,000.

Obama didn't reveal a new economic plan, but did delve into class warfare again, saying making the wealthiest of Americans pay their fair share is key to growing the economy.

"What drags us down [is the] class warfare gap between extraordinarily well-off and those struggling to make ends meet," he told the crowd.

Meanwhile, Romney -- who spoke after Obama -- sought to start adding details to his own economic plan, laying out what steps he would take in the first days of his presidency.

"The job of the government as it relates to the economy is to make America the most attractive place in the world for entrepreneurs and innovators, investors (and) job creators," he told supporters.

"I want America to be home to the best job creating machine the world knows," Romney continued. "We have been over the decades. I want that to come back again."

Ohio is a swing state that has bounced back and forth between Democratic and Republican support. The state offers 18 electorate votes.

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