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Presidential Debate 2012 Video: Transcript Text of Third Obama vs Romney Debate

ROMNEY: We're four years closer to a nuclear Iran. We're four years closer to a nuclear Iran. And — and — we should not have wasted these four years to the extent they — they continue to be able to spin these centrifuges and get that much closer. That's number one.

Number two, Mr. President, the reason I call it an apology tour is because you went to the Middle East and you flew to Egypt and to Saudi Arabia and to Turkey and Iraq. And by the way, you skipped Israel, our closest friend in the region, but you went to the other nations.

And by the way, they noticed that you skipped Israel. And then in those nations, and on Arabic TV, you said that America had been dismissive and derisive. You said that on occasion America had dictated to other nations.

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Mr. President, America has not dictated to other nations. We have freed other nations from dictators.

OBAMA: Bob, let me — let me respond.

If we're going to talk about trips that we've taken — when I was a candidate for office, first trip I took was to visit our troops. And when I went to Israel as a candidate, I didn't take donors. I didn't attend fundraisers. I went to Yad Beshef (ph), the Holocaust museum there, to remind myself the nature of evil and why our bond with Israel will be unbreakable.

And then I went down to the border towns of Storok (ph), which had experienced missiles raining dowm from Hamas. And I saw families there who showed me there where missiles had come down near their children's bedrooms. And I was reminded of what that would mean if those were my kids. Which is why as president, we funded an Iron Dome program to stop those missiles.

OBAMA: So that's how I've used my travels, when I travel to Israel and when I travel to the region. And the — the central question at this point is going to be: Who is going to be credible to all parties involved? And they can look at my track record, whether it's Iran sanctions, whether it's dealing with counterterrorism, whether it's supporting democracy, whether it's supporting women's rights, whether it's supporting religious minorities.

And they can say that the President of the United States and the United States of America has stood on the right side of history. And that kind of credibility is precisely why we've been able to show leadership on a wide range of issues facing the world right now.

SCHIEFFER: What if — what if the prime minister of Isr

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