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Edition: U.S. Article Comments (4) Slideshow Video Follow Reuters Facebook Twitter RSS YouTube Read ”Restrepo” director Tim Hetherington killed in Libya | 2:27am EDT Joan Rivers: Charlie Sheen's act "two bimbo sluts" 20 Apr 2011 Homemade bomb found at mall near Columbine high 1:35am EDT Apple crushes forecasts again, iPad backlogged | 20 Apr 2011 Apple to ship new iPhone in September: sources | 20 Apr 2011 Discussed 97 Palin returns with feisty, anti-establishment speech 46 Budget vote shows challenge for Boehner, Obama 42 Obama private comments show fight with Republicans Watched Cupless bra combats cleavage crinkle Fri, Apr 15 2011 VW unveils new sporty Beetle Mon, Apr 18 2011 Apple, AmEx, Yum top forecasts Wed, Apr 20 2011 SMALL BUSINESS Entrepreneur's Edge: Instant translation on your smartphone When Otavio Good released the first video of his Word Lens translation app in use, it became a viral phenomenon. Since then he's been busy recruiting programmers to help roll it out to include more languages beyond the original Spanish. Full Article | Video New app calculates calories through photos of food Common budget mistakes for tech startups At Facebook headquarters, Obama seeks 2008 energy Tweet Share this By Jeff Mason PALO ALTO, Calif (Reuters) - President Barack Obama sought to reignite the youthful energy that propelled his 2008 election Wednesday with a campaign-style visit to the nexus of social communications, Facebook. Democrats acknowledge... Email Print Related News Obama defends U.S. deficit plan, sees common ground Wed, Apr 20 2011 Geithner says "no risk" U.S. will lose AAA rating Tue, Apr 19 2011 White House, Congress under pressure from S&P move Mon, Apr 18 2011 Republicans set 2012 budget battle with Obama Fri, Apr 15 2011 Budget vote shows challenge for Boehner, Obama Thu, Apr 14 2011 Analysis & Opinion The $4 trillion gap: Obama vs. Ryan, an apples-to-apples budget comparison Why Obama should pay more in taxes Related Topics Politics » Technology » Facebook » Barack Obama » Related Video Obama speaks with Facebook CEO 7:11pm EDT 1 / 3 President Obama attends a town hall meeting at Facebook headquarters with CEO Mark Zuckerberg in Palo Alto, April 20, 2011. Credit: Reuters/Jim Young By Jeff Mason PALO ALTO, Calif | Thu Apr 21, 2011 1:49am EDT PALO ALTO, Calif (Reuters) - President Barack Obama sought to reignite the youthful energy that propelled his 2008 election Wednesday with a campaign-style visit to the nexus of social communications, Facebook. Democrats acknowledge that Obama will need to rally many of the same forces that propelled him into the White House in order to win re-election in 2012: an army of young, energetic voters as well as a sizable showing from independent voters. By visiting Facebook headquarters in California's Silicon Valley, where 26-year-old founder Mark Zuckerberg is a folk hero, Obama sought to connect to tens of millions of people who have adopted social media as a prime method of communications. "My name is Barack Obama and I'm the guy who got Mark to wear a jacket and tie," the president said, to laughter, at the beginning of a live-streamed town hall event with Zuckerberg. Zuckerberg, dressed in jeans, sneakers and a tie, and Obama, dressed in a business suit, then took off their jackets before the president started fielding questions about how to reduce the budget deficit, which is projected to hit $1.4 trillion this fiscal year. Promoting his plan of spending cuts and tax increases for the wealthiest Americans, Obama told the rich Facebook founder that both of them would have to pay more taxes to help out. "I'm cool with that," Zuckerberg said. Obama heads to San Francisco for Democratic fund-raising events after the Facebook session. He then plans stops in Las Vegas and Los Angeles before returning to Washington Friday. Jon Krosnick, a political science professor at Stanford University, said having Obama on stage with Zuckerberg could help the president with young people. "That alone is a way of trying to re-energize this young generation that might be crucial for him to be re-elected again," Krosnick said. Obama held his deficit-cutting roadshow as policy-makers and financial markets recover from ratings agency Standard & Poor's threat to downgrade America's triple-A credit rating on worries Washington won't address its fiscal woes. A potential Republican challenger to Obama, former Massachusetts Governor Mitt Romney, said S&P "downgraded the Obama presidency" and that Obama should meet with S&P officials to try to gain their confidence. DEEPENING ECONOMIC PESSIMISM It is early in the 2012 election cycle, but Obama has much work ahead. An ABC News/Washington Post poll released on Tuesday showed Obama's approval ratings near record lows because of deepening economic pessimism among Americans. Ipsos pollster Cliff Young said rising gasoline prices are taking their toll but they probably did not present a long-term problem for Obama, who he called the odds-on favorite. Obama is using the first steps on the road to 2012 to promote a budget ideology that is at odds with the fiscal views of Republicans who are planning presidential campaigns. He wants to raise taxes on wealthier Americans to fund social programs while making some budget cuts, a plan he says would bring down deficits by $4 trillion over 12 years. Republican Representative Paul Ryan has called for slightly higher cuts, $4.4 trillion over 10 years, without raising taxes. He would make deep cuts in spending, including overhauls in the Medicare and Medicaid health programs for the elderly and poor that Democrats say would violate the "social compact" with Americans. Obama said Ryan's plan was "fairly radical" and that his budget proposal was not "particularly courageous." "Nothing is easier than solving a problem on the backs of people who are poor or people who are powerless or don't have lobbyists or don't have clout," he said to applause. Polls suggests Americans so far are siding with Obama. Data released from the ABC News/Washington Post poll on Wednesday said 72 percent of those surveyed favor higher taxes for wealthy Americans and 78 percent opposed to cutting health benefits for the elderly. The survey of 1,001 adults has a 3.5 percentage point error margin. (Additional reporting by Kim Dixon, Alister Bull, Peter Henderson, Alexei Oreskovic and David Morgan; Writing by Steve Holland and Jeff Mason; Editing by Deborah Charles) Politics Technology Facebook Barack Obama Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (4) actnow wrote: It’s ironic that the youthful faces that will be hurt the worst by Mr. Obama’s legacy of massive debt and government spending supports him with such unquestioned enthusiasm. One can’t help but think of the passionate, unquestioning youth in 1930’s Germany…and the resulting aftermath. Apr 20, 2011 10:11pm EDT -- Report as abuse danorano wrote: “President Barack Obama sought to reignite the youthful energy that propelled his 2008 election Wednesday.” Why, so we can re-elect him to finish off the job of driving this country of the cliff? How about we add one more war for good measure. And hey, what’s a couple of more trillion dollars spent in a year? And hey, you gotta love the complete destruction of the best health care quality in the world… Apr 20, 2011 10:52pm EDT -- Report as abuse PrincipeReale wrote: Isn’t anything about this guy real? Apr 20, 2011 11:08pm EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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