Obama and Romney accuse each other of misleading claims on economic plans

Eric Pfeiffer

The first presidential debate opened with three questions on the economy. And while each candidate presented details of their respective visions, they spent even more time assailing the details of their opponents' plans.

[Related: Obama on jobs]

In each of their follow-ups, both candidates also spent a significant amount of time calling into question the accuracy of the way the other candidate was attempting to frame the debate.

"If the tax plan [the president] described were a tax plan I was asked to support, I'd say absolutely not," Mitt Romney said after President Barack Obama described the Republican nominee's plan.

However, Obama continued to press his case, comparing Romney's economic plan to those instituted by former President Bush in his two terms.

[Related: Romney on jobs]

"We're tried both approaches. The approach that Governor Romney's talking about is the same sales pitch that was made in 2001 and 2003, and we ended up with the slowest job growth in 50 years," said Obama. "Bill Clinton tried the approach that I'm talking about. We created 23 million new jobs. ... So in some ways, we've got some data on which approach is more likely to create jobs and opportunity for Americans."

"I'm not in favor of a $5 trillion tax cut," Romney insisted. "My plan is not like anything that's been tried before."