Romney Concedes 'Uphill Climb' in South Carolina

Republican presidential candidate, former Massachusetts Gov. Mitt Romney, greets supporters at his caucus night rally in Des Moines, Iowa, Tuesday, Jan. 3, 2012. (AP Photo/Charles Dharapak)

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By KCRG Intern

Story Created: Jan 11, 2012 at 9:39 AM CDT

Story Updated: Jan 11, 2012 at 9:39 AM CDT

WASHINGTON (AP) — Former Gov. Mitt Romney is conceding he's got "an uphill climb" in South Carolina, where he finished fourth in 2008, despite season-opening victories in Iowa and New Hampshire.

But Romney tells CBS's "This Morning" he's confident about South Carolina, saying "I know we're going to push forward."

Romney voiced regret that his fellow Republicans have made his record as a venture capitalist an issue, but said it isn't gaining any traction. He said, "They tried the same line here in New Hampshire and it fell extremely flat."

Romney said he has a record of starting businesses and creating tens of thousands of jobs. And he said that if elected, he wouldn't hesitate to apply his business experience in an all-out campaign to shrink the size of the federal government.

In an interview on ABC's "Good Morning America," he said, ""I don't know if we can win South Carolina."

With respect to Bain Capital, Romney told ABC he feels that people want someone with business experience in the Oval Office. "It's working for my benefit," he said.

Asked about comments Vice President Joe Biden made suggesting that venture capitalists care more about making money than employees left behind in business reorganizations, he noted that Biden and President Barack Obama oversaw the federal rescue of General Motors and Chrysler and that plants were closed down in the process, as well as automobile dealerships.

Speaking about his own company, Romney said, "Every time we had a reduction in employment it was designed to make the business more successful and to grow it."

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