Mittmentum, Meet High Unemployment
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.
- Divining the Business and Political Risks of 2012 The New York Times
Hedge Funds Sit Out Rally With Bets on Stock Gains Near 2009 Low Bloomberg Businessweek
- For Those Hurting Most, Fed’s Remedies Limited The Washington Post
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Reason to Get Out of Bed in the Morning
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