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News roundup: October 7, 2011

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Mitt Romney delivered a speech earlier today in which he outlined his foreign policy platform and attacked President Obama's record on the issue. It was a speech that completely ignored President Obama's strong record and impressive accomplishments. This President directed the operation that killed Osama bin Laden, has eliminated more Al Qaeda leaders in the past two years than the previous eight combined, has made significant progress towards ending the wars in Iraq and Afghanistan, and helped stimulate democracy movements in the Middle East.

Herman Cain's loudest campaign message has been his "9-9-9 Plan," which would replace the existing tax code with a 9 percent individual income tax, a 9 percent corporate tax, and a 9 percent federal sales tax. This plan would reduce the amount of income to the federal government by $500 billion, thereby increasing the deficit by an equal amount. As a regressive tax code, the plan would also force the poor to pay a higher percentage of their income than the rich.

In a press conference yesterday morning, President Obama spoke to the media about why the economy—and the American people—need Congress to pass the American Jobs Act. Highlighting the fact that the Republicans have not proposed any alternatives to his plan, he said that if Republicans blocked his bill, Democrats would attempt to pass individual sections. If you missed the press conference, watch President Obama answer questions here.

Republicans are blocking President Obama's nominee to head the Consumer Financial Protection Bureau, Richard Cordray. The GOP has made a number of excuses as to why they continue to threaten not to confirm him—but the real reason is that they want to eliminate any type of consumer watchdog. Check out this White House fact check on Republicans' excuses for impeding the progress of the CFPB.

"Why is that White House pink?" In this week's West Wing Week, follow President Obama as he continued to call on Congress to pass the American Jobs Act, welcomed General Martin Dempsey as the new chairman of the Joint Chiefs of Staff, spoke at the Human Rights Campaign annual dinner, hosted a Cabinet meeting, traveled to Texas—and find out why the White House was lit pink.