As part of an effort to push "insourcing," President Obama is proposing tax incentives for companies that move manufacturing jobs back to the United States. “I don’t want America to be a nation that’s primarily known for financial speculation, and racking up debt and buying stuff from other nations,” Obama said during an announcement yesterday.
The score between Romney and "Anyone But Romney" stands at 2-0 after the former governor’s victory in New Hampshire last night, and the likelihood that a Santorum or Gingrich gets the nomination gets slimmer every day. All the candidates have gone south for the rest of the month. The other candidates know that if Romney wins the next two primaries, they have no reason to stay in the race, and are campaigning as if their political lives depends on it.
Winning the Iowa caucus and the New Hampshire primary puts Mitt Romney in a good place for the remaining primaries in South Carolina and Florida this month. But a grimmer economic picture in these states has the potential to damage his momentum. New Hampshire, with an unemployment rate of 5.2 percent in November, had the fourth-lowest unemployment rate in the country, and Iowa's 5.7 percent was similarly below the national rate. South Carolina and Florida, with unemployment rates of 9.9 and 10 percent respectively, will be much more focused on the candidate's economic credentials, and perhaps be open to platforms offering more radical change—like those of Ron Paul or Rick Santorum—than Romney's comparably moderate economic plan.
At the back-to-back debates in New Hampshire last weekend, it looked as though Mitt Romney's challengers had been consigned to defeat. As Huntsman, Paul, and Santorum jockeyed for second place, Romney could have joined Perry on the side of the stage for a nap.
But that's not the case now. Realizing that South Carolina may be their last stand, the other candidates are exploiting every chance to slow down Romney’s momentum as the race moves south.