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just days ago, south carolina looked like it could be the third punch of a one, two three, mitt romney primary knockout. but this morning, ohio's republicans took away romney's first win, announcing rick santorum won the caucuses by 34 votes. then governor rick perry of texas pulled out of the race and immediately endorsed newt gingrich who's been surging in several new south carolina polls. >> a conservative visionary who can transform our country. we've had our differences, which campaigns will inevitably have. and newt is not perfect. but who among us is? the fact is, there is for...

And one notable exception to the activity. mitt romney taking a rare day off from the campaign trail as g.o.p. channelers try to slow down his momentum for the presidential nomination. our chief political correspondent, campaign carl cameron from south carolina. and romney is leading the polls, but newt gingrich with a line of attack. >> he's trying to win the south carolina primary. mitt romney has a better organization and has been advertising a lot longer than the rest of the field, while many were concentrating on iowa or in jon huntman cases new hampshire and mitt romney had the infrastru...

and good morning, everyone. it's friday, december 2nd. ali and carol are both off today. i'm christine romans along with alina cho on this "american morning." >> so glad you got the memo. >> i know. we're both feeling a lot like christmas this morning. up first, the countdown is on for herman cain. he's heading back home to atlanta this morning in the decision to whether continue his campaign could be in his wife's hands. cain says we will know by monday at the latest whether he's in or out of the race, and yesterday for the very first time, cain admitted that getting out is an opt...

significant reduction in the american standard of living." their words, not mine. but when you break it down, the reality gets even more troubling. during the recession, the average income slipped by about 3%. but after the recession when the economy was supposed to be picking up, take a look. the average income dropped by nearly 7%, down to $49,909. incomes fell more after the recession ended than they did during the actual recession. as the senate begins debating president obama's jobs bill, perhaps this explains why so many people are angry. and also explains, in part, why occupy ...

a job. above, they all acted and tried wall street is bracing for what could be another ugly day, to stop the damage, and they right, christine romans? >> absolutely right. live with regrets of how they did that, but they did do >> reporter: futures are down, something that day. kyra 200 points and 30 minutes >> that was my next question, regrets. to go until the opening bell ten years later, how are they rings. a couple of things. a hangover from friday. doing? >> some not so good. three day weekend. ed balancinger, the united people still trying to assess just how dangerous the job...