Obama contrasts two economic visions -- and fact- vs. fiction-based campaigning

The euphoria will last only until the next batch of crummy economic data -- or until the Supreme Court hands down its decision on the Affordable Care Act.  But having indulged in a mid-afternoon watch of Obama's  major economics speech in Cleveland, I can't help but feel for a moment that he just can't lose. 

The speech's basic structure was admirably simple: a contrast of two diametrically opposed economic prescriptions (I won't say "visions," because I don't believe that Romney believes in the policies he's selling).  That contrast included what I craved: the same kind of detailed dissection of Romney's economic plan that Obama leveled at the Ryan budget in April -- which feels like an age ago. Of course the contrast was wrapped in layers of context  : the Bush-era policies (which Romney wants to reprise) that led to crisis; the unfinished recovery he's led; and, as Obama has sketched out repeatedly since 2007, a contrast between the American tradition as he sees it -- of prudent public investment and shared prosperity -- and the GOP policies that have taken us off that path -- radical tax cuts and deregulation. 

Also key, though, was a second, unstated contrast: between truth-telling and lying.  Obama never called Romney a liar, and he never accused him of not believing in the extremist GOP economic prescriptions that in his narrative led the US to disaster [update: I kind of changed my mind on this as I cut and pasted below...].  But he emphasized the factual basis of his own analysis of the GOP budget -- and set that analysis against the phony tissue of Obama-myths with which Romney & co. are saturating the airwaves.  Watch the way he contrasts his own attack with the attack on him. My emphases, natch.

"In Mitt Romney's America..." -- Scare us, Obama

As I've said before, these recent Gallup numbers frighten me: voters give Romney the edge in handling deficit and debt, 54-39, and economic growth, 52-42. Together they suggest that people are buying Romney's core pitch: an able businessman is well equipped to run the economy.  The perception could well be decisive.

On the campaign trail, Obama is contrasting his core economic vision with Romney's, and that's good. He's tying Romney's Bain tenure to his trickle-down economics, and that's fair and potentially helpful -- though I think he desperately needs a bulked-up Super Pac to keep his hands clean while the team offsets all the scurrilous shit that Crossroads & co. will heap on his own head.

But what seems to my amateur political sensibility the most effective way to tear down the perception of Romney's economic competence is also the most truthful way: hammer home in detail the ruinous spending cuts and tax cuts that Romney has proposed for the country.  Scare people. Because these proposals are scary -- and most Americans oppose them when they're spelled out in ways that Romney dare not do.

I think Obama was on the right track when he hammered the Ryan budget in detail, extrapolating the specific cuts that would be called for if the broad category cuts were distributed evenly, filling in the details that Ryan decorously left blank.  He needs to do the same with Romney's proposals, which are in sync with Ryan's. I want to see the economic equivalent of Ted Kennedy's vision of Robert Bork's America. Romney's America would suffer