This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Romney's Run for Alabama Is All About the Economy

NEW YORK ( TheStreet) -- The race for Alabama is all about the economy.

Republican candidates are crisscrossing the state to pitch their messages about jobs and the economy as Alabama prepares to allocate its 50 delegates in Tuesday's primary.

It seems, though, that Alabama conservatives are less concerned about who to select and more intent on choosing the guy who can outwit President Obama on economic issues in the general election.

"They're more concerned about the economy, I can tell you up front," said Clay Marlow, Morgan County GOP chairman. "All you gotta do is run down any town around here, even here where we live in Decatur [Ala.], and you see all kind of buildings boarded up -- out of business signs. That's not good."

Alabama's seasonally adjusted unemployment rate hit 8% in December 2011, according to the Bureau of Labor Statistics' latest state-by-state data, which ranks Alabama 29th and just below the national rate.

Alabama's county Republican leaders seem to uniformly agree that as the pivotal southern state prepares for its primary, most people are more concerned about their jobs and the economy than they are about social issues.

"Social issues? Nah, they don't even make first base," Marlow said. "All that stuff about the birth control pill and all that, that was a joke; that was somebody trying to start something and it had no business trying to start it because people didn't buy it."

9 Oil, Gold Stocks That Rise on Bad News

Conservative evangelical voters have become synonymous with Republicans in southern states, especially after many politics experts and academics argued that a significant chunk of George W. Bush's 2004 victory depended on the group. But a crippling financial crisis and sluggish global growth since 2008 have dealt American voters a different hand to manage.

Currently, former private-equity businessman Mitt Romney leads the average of major Alabama polls at 26.3%, while Newt Gingrich, Rick Santorum and Ron Paul trail at 24%, 22.7% and 7%, respectively, according to

Romney has struggled mightily in the two southern state contests so far as he lost South Carolina to Gingrich by 12.5 percentage points and then finished second to Gingrich in the former House speaker's home state of Georgia by 21.3 percentage points.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs