US election: Barack Obama attacks Mitt Romney's 'absence of new ideas'
On the campaign trail in Iowa, President Obama says Republican challenger Mitt Romney offers no new ideas on the economy, only "retreads of the same old policies".
Speaking to thousands of supporters at a campaign event in Urbandale, Iowa, President Obama said the Republican National Convention in Tampa, Florida presented Mitt Romney as "the only one who knows the secret to creating jobs and growing the economy."
"There was a lot of talk about 'hard truths' and 'bold choices' but nobody actually bothered to tell you what they were," Mr Obama said.
"And when Governor Romney had his chance to let you in on his secret, he did not offer a single new idea, just retreads of the same old policies that have been sticking it to the middle class for years.
"They talked a lot about me, they talked a lot about him, but they didn't say much about you," the President said, gesturing to the crowd.
Mr Obama said he would present his vision for the economy at the Democratic convention next week in Charlotte, North Carolina, where he will formally accept his party's presidential nomination.
"This Thursday night, I will offer you what I believe is a better path forward; a path that grows this economy, creates more good jobs, strengthens the middle class. And the good news is, you get to choose which path we take. We can take their path or we can take the path I'm going to present," he said.
"We believe in an America that says: our economic strength has never come from the top down, it comes from the bottom up, it comes from the middle out. It comes from students and workers and small business owners and a growing, thriving middle class. That's what we believe," he told supporters.
The Democratic National Convention opens in Charlotte on Tuesday