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Obama Has Failed America: Romney

Republican Mitt Romney says President Barack Obama has failed the United States and is pitching himself as an alternative who can fix the nation's ailing economy.

Mitt Romney
CNBC.com
Mitt Romney

The former Massachusetts governor on Thursday made official his White House run and offered a blistering critique of President Barack Obama. Romney says he would rein in Washington spending and put the country on a course toward economic recovery.

Romney, the closest thing to a frontrunner in a Republican field that lacks one, made his announcement in New Hampshire, a state crucial to his strategy. He came in second place in New Hampshire during his 2008 bid and has invested heavily in the state since.

During a farm visit, Romney says his first priority will be to make America the world's top job creator.

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