Obama Talks Economy in New Mexico

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POSTED: Tuesday, September 28, 2010 - 11:04am

UPDATED: Tuesday, September 28, 2010 - 11:05am

ALBUQUERQUE, NM - Improving the country's education system is key to keeping the U.S. economy competitive in the 21st century.

That from President Obama in New Mexico today.

The president told a small group in Albuquerque that a Republican return to power would not only be bad for the economy but bad for education.

In their pledge to America, the president said Republicans' number one economic priority is retaining $700 billion in tax breaks for the wealthy while taking away money for education.

"And the number one issue in terms of us succeeding as a nation is going to be how well we educate and how well we train our kids. Nothing else comes close. One way they would do that is to cut back our education spending by 20 percent and eliminate about 200,000 head start programs and reduce student aid to go to college for about eight million students."

President Obama also travels to Madison, WI where he will attend a Democratic National Committee fundraiser, then speak at a DNC rally at the University of Wisconsin.

Then, the president heads to Iowa where he will spend the night.

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