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Romney returns to criticizing Obama on economy

By David Espo

Associated Press

Published: Thursday, Sept. 13 2012 3:40 p.m. MDT

It released a statement in the name of Lanhee Chen, campaign policy director, that called the Fed's steps "further confirmation that President Obama's policies have not worked. After four years of stagnant growth, falling incomes, rising costs and persistently high unemployment, the American economy doesn't need more artificial and ineffective measures. We should be creating wealth, not printing dollars."

Romney, who has said he would not reappoint Bernanke to a new term, declined to respond to a question about the Fed's action. He has said previously that he opposes more measures along the lines that Bernanke announced during the day, but the written statement stopped short of saying so.

For his part, Obama vowed to do "whatever is necessary" to protect Americans serving abroad.

"We are going to bring those who killed our fellow Americans to justice," he said in Golden, Colo. as two U.S. warships head for the Libyan coast.

Halfway around the world, anti-American protests spread to Yemen.

Obama said the U.S. would not consider Egypt an ally, "but we don't consider them an enemy."

The government in Cairo receives roughly $1.5 billion in U.S. aid annually, most of it for the military.

The president said in an interview with the Spanish-language network Telemundo that Egypt is a "new government that is trying to find its way." And he warned that if the Egyptian government takes actions showing "they're not taking responsibility," then it would "be a real big problem."

Administration officials later said the president was not trying to downgrade the relationship between the U.S. and Egypt.

Espo reported from Washington. Associated Press writers Charles Babington in Golden, Colo., and Steve Peoples in Boston contributed to this report.

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