"President Barack Obama mocked Republican presidential nominee Mitt Romney on Monday for his repeated attack over the size of the Navy, which he has said proves the president doesn't prioritize national defense.

"You mention the Navy, for example, and that we have fewer ships than we did in 1916. Well governor, we also have fewer horses and bayonets," Obama said during the final presidential debate. "We have these things called aircraft carriers and planes land on them. We have these ships that go underwater, nuclear submarines."

"It's not a game of battleship where we're counting ships, it's 'What are our capabilities?'" he said.

He said his administration sits down with the military forces, including heads of the Navy, to discuss what resources they need."*