Romney Hits Obama on Day of Iowa Caucuses
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On the day of the first-in-the-nation Iowa caucuses, GOP presidential candidate Mitt Romney continued to hammer President Barack Obama. Romney said Obama has a failed presidency on the economy. (Jan. 3)

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[SOT/:MITT ROMNEY/R-PRESIDENTIAL CANDIDATE][Notes:DES MOINES, IOWA. SOURCE: AP 1/3/12]He Said he'd put America back to work. Remember he said, right after he got elected, I'm going to borrow $787 billion and that will keep unemployment under 8 percent. It has not been below eight percent since. 25 million people out of work or stopped looking for work or underemployed. You have median incomes in america have dropped ten percent in just the last 4 years. Home values are down. It has been a failed presidency when it comes to our economy. And then of course there's the budget and government itself. He was critical of president Bush, appropriately so because of the large deficits we had and then his deficits are 3 times larger. And he's on track in his first term, in his only term.The president said he wants to fundamentally transform america. I don't want to transform america. I want to restore the principles that made america. This is the america we love. I'm going to make sure we take those principles to the white house and get america working again.(****END****) VIDEO PRODUCER: matt friedman---------------------------VIDEO SOURCE: ap