Mitt Romney speaks during a campaign stop at Seven Oaks Park this week in Irmol, S.C. Jobs are likely to be an important issue for South Carolina voters in Saturday's primary, with the state's unemployment rate at 9.9 percent.
In a presidential election that most expect will be all about the economy, South Carolina is a state where economic issues are front and center. The state's unemployment rate is 9.9 percent, well above the national rate. But even that number is deceptive. There are pockets around the state where the conditions are much more severe. In Lancaster County, for example, the rate is above 12 percent.
Before entering politics in the 1990s, Romney co-founded Bain Capital, one of the nation's largest and most profitable private equity funds.
Credit David L. Ryan / Boston Globe via Getty Images
In the run-up to Saturday's GOP presidential primary in South Carolina, candidates have clashed over the role of Bain Capital — a firm that either creates or kills jobs, depending upon whom you believe.
Front-runner Mitt Romney sees the bright side. Before entering politics in the 1990s, he co-founded Boston-based Bain Capital, one of the nation's largest and most profitable private equity funds. He has said he created 100,000 jobs while at Bain.
Immigrants from Senegal protest against racism in Florence, Italy, on Dec. 17, 2011. Four days earlier, an Italian man killed two African street sellers and wounded three others in a shooting spree in Florence.
Was Mitt Romney a job-creating turnaround artist? Or was he, as some on the campaign trail have said, a "vulture capitalist"? That question has become a top issue in the Republican presidential primaries.
In the 1980s, Romney ran a private equity firm called Bain Capital. It's an industry where it's hard to avoid getting your hands dirty.
President Obama acknowledged Friday that the economic recovery has a long way to go. Still, he was able to share some good news. The Labor Department reported that U.S. employers added 200,000 jobs in December, and the unemployment rate fell to 8.5 percent.
"Obviously, we have a lot more work to do," he said, "but it is important for the American people to recognize that we've now added 3.2 million new private-sector jobs over the last 22 months."
Those better-than-expected numbers could help Obama as he tries to hang onto his own job.