Obama vows swift results on deficit, border if he wins

President Barack Obama, facing criticism that he has failed to offer a vision for a potential second term, has begun sketching out his agenda with greater specificity in recent days, including a pledge to solve the nation's intractable budget problems within "the first six months."

In an interview made public Wednesday, Obama said he would pursue a "grand bargain" with Republicans to tame the national debt and would quickly follow that with a push to overhaul the nation's immigration laws.

With less than two weeks until Election Day, Obama chose to highlight two issues that have bedeviled him during his presidency: the debt, which has soared past $16 trillion on his watch, and immigration legislation, which never got off the launching pad over the past three years. Both are politically significant, with the debt a concern among independent voters and immigration important to the Hispanics who could decide whether Obama carries swing states such as Colorado and Nevada.

The interview, conducted Tuesday with the editor and publisher of the Des Moines Register, the largest newspaper in Iowa, also marked an unusual moment in the president's dealings with the news media.

Obama had initially insisted that the exchange, which he conducted by phone from a stop in Florida, be off the record. Then on Wednesday, his campaign abruptly decided to release a transcript after the newspaper's editor, Rick Green, wrote a blog post calling the interview terms a "disservice" to voters. Obama is seeking the influential paper's endorsement.

The transcript gave a surprising glimpse of Obama as political pundit, gaming out timetables and calculations for his dealings with Capitol Hill Republicans. He predicted, for instance, that an expectedly poor showing by challenger Mitt Romney among Hispanics would put pressure on GOP lawmakers to ease their opposition to an immigration overhaul that offers a path to citizenship for illegal immigrants.

"Since this is off the record, I will just be very blunt," Obama said at one point. "Should I win a second term, a big reason I will win a second term is because the Republican nominee and the Republican Party have so alienated the fastest-growing demographic group in the country, the Latino community."

With polls in swing states showing the race tightening, Obama appears to be shifting away from a strategy dominated by attacks on his opponent to one that includes a rationale for skeptical voters to re-elect him.

The Obama campaign is distributing brochures that repackage his proposals to hire more teachers, promote manufacturing and raise taxes on the wealthy.

Aides said the push to define the president's second term also includes direct mail and a new 60-second TV ad featuring Obama looking into the camera and laying out his views on manufacturing, energy and other issues. "Read my plan," he says.

At the top of the priority list: a promise to forge a bipartisan compromise that reduces rampant government borrowing and makes long-postponed decisions about taxes and spending. In the interview, Obama called a budget deal "one of the best things we can do for the economy."

"We're going to be in a position where, I believe, in the first six months, we are going to solve that big piece of business," Obama said. "It will probably be messy. It won't be pleasant. But I am absolutely confident that we can get what is the equivalent of the grand bargain that essentially I've been offering to the Republicans for a very long time, which is $2.50 worth of cuts for every dollar in taxes, and work to reduce the costs of our health-care programs."

Obama offered no details of how he would approach negotiations with congressional Republicans. But with Washington facing a January deadline to undo more than $500 billion in automatic tax hikes and spending cuts next year, Obama said, "There's going to be a forcing mechanism to deal with what is the central ideological argument in Washington right now, and that is: How much government do we have, and how do we pay for it?"

Republicans reacted with a yawn to the news that Obama is ready to reengage on a grand bargain if he wins the election.

They noted that his proposal for a cuts-to-taxes ratio of $2.50 to $1, embodied in his most recent budget request, was roundly rejected in both the House and Senate.

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