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Obama speech: Do Republicans have any ideas besides tax cuts? (+video)

The Obama speech to end the Democratic convention Thursday hammered Republicans as being guided by stale ideas. Only near the end did it begin to recapture the Obama of 2008.

Barack Obama's DNC speech
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President Obama on Thursday night delivered a sober nomination acceptance speech to the Democratic National Convention that framed the upcoming election as a choice between two very different visions for America’s future.

Mr. Obama noted that after four years in office his supporters from 2008 may have had their hopes tested by war, recession, and political gridlock. But he asked for their continued support, saying that coming years will see crucial decisions on jobs and the economy, taxes and the deficit, energy production, and foreign policy.

“On every issue, the choice you face won’t be just between two candidates or two parties,” said Obama. “It will be a choice between two different paths for America.”

Democrats want to restore the values that built the American middle class, said Obama. He called it “the basic bargain at the heart of the American story: the promise that hard work will pay off; that responsibility will be rewarded; that everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same rules – from Main Street to Wall Street to Washington, D.C.

Meanwhile, the Republicans and their nominee, Mitt Romney, want to take the nation back to the same old policies they have espoused for years, said Obama, in which tax cuts and regulation reduction are the answer to every ill.

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