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>> shepard: i'm shepard smith. this is "the fox report." it's the bottom of the hour. time for the top of the news. mitt romney is on a roll after back-to-back wins in iowa and new hampshire. but the republic frontrunner now admits he may be about to hit a speed bump. >> i have an uphill climb in south carolina. given my track record there, i will be there today talking about my vision of making america an opportunity society again with good jobs, rising incomes, and a much smaller government. so, i will be out there selling this message and hopefully get support. >> shepard: more support than...

And he said the choice to invest in the future of america should be about morals as much as profits. >> i don't want america to be a nation that's primarily known for financial speculation and racking up debt buying stuff from other nations. i want us to be nobody for making and selling products all overhe world stamped with three proud words "made in america." >> shepard: that message is not just for business leaders. it was also a clear pitch to millions of middle class voters. ed henry is our chief white house correspondent and is he life there tonight. you know, this jobs event today, tell...

>> shepard: how different is the economic climate expected to be by the end of the year? i mean, i know you don't have a crystal ball and all of that what are the economists saying. >> i can tell you the federal reserve said today they expect a moderate pace of growth. consensus is 3% broad economic growth by the fourth quarter. the jobs rate isn't expected to go down dramatically it should be marginally lower at the end of the year. not dramatically. that could make a big difference to a lot of the people going to the polls then. >> shepard: gerri willis reported 5:00 eastern time 4:00 here i...

>> shepard: how different is the economic climate expected to be by the end of the year? i mean, i know you don't have a crystal ball and all of that what are the economists saying. >> i can tell you the federal reserve said today they expect a moderate pace of growth. consensus is 3% broad economic growth by the fourth quarter. the jobs rate isn't expected to go down dramatically it should be marginally lower at the end of the year. not dramatically. that could make a big difference to a lot of the people going to the polls then. >> shepard: gerri willis reported 5:00 eastern time 4:00 here i...

His momentum to south carolina. he is attending a town hall meeting in charleston. part of a three day swing with tea party activists. this comes after the newly republic frontrunner picks up endorsement from the union leader newspaper. you will recall that new hampshire is the first in the nation presidential library. endorsement from the state's largest newspaper sometimes wrong on endorsement could have a big impact on the race. new hampshire borders massachusetts and governor romney's home territory, something of a political slap in the face from right next door. james rosen has the news. ...