* Romney wins coin toss and will get final closing statement.

* Blue tie for BHO, red tie for Mitt. That’s so you can tell them apart.

* Interesting framing of first question on jobs: what are the differences?

* BHO sticks to standard post-convention talking points.

* And here comes Mitt’s five-part plan! First zinger: “trickle-down government.”

* Obama kinda using “spreading” technique; throwing a lot of stuff out.

* Very weasely Mitt distinction on tax cuts.

* So far, this is sounding like in-house discussion at the Simpson-Bowles Commission.

* Mitt just blatantly flip-flopping on taxes. Where’s Grover Norquist when you need him?

* Mitt: Who needs your stinkin’ studies?

* Good BHO sideswipe at Trump as “small business owner.”

* Mitt getting a little flustered. Discussion of small businesses getting down into the weeds. Ah! A Mitt shout-out to Simpson-Bowles! Fitting.

* BHO finally getting to Bush-Clinton comparisons.

* Mitt definitely rattled. Obama smart to nod during Romney litany on woes of unemployed.

On to segment two.

Ed Kilgore

Ed Kilgore is a political columnist for New York and managing editor at the Democratic Strategist website. He was a contributing writer at the Washington Monthly from January 2012 until November 2015, and was the principal contributor to the Political Animal blog.