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David Axelrod, a longtime political adviser to President Obama, held a telephone news conference with reporters last week to attack GOP presidential candidate Mitt Romney for remarks he made during a candidates debate held by The Washington Post and Bloomberg News (see full transcript below). In particular, he faulted Romney for appearing to oppose an extension of a payroll tax cut, as proposed in Obama's new jobs plan. The former Massachusetts governor instead said he was interested in trying "to fundamentally restructure America's foundation economically," not "little Band-Aids."

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