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Is Romney Gutsy Enough to Pick Chris Christie?

July 10 (Bloomberg) -- Here is a fact causing Republicans to wonder why Mitt Romney isn’t the runaway favorite in his campaign to unseat Barack Obama: No U.S. president since Franklin Roosevelt has won re-election when the unemployment rate was more than 7.4 percent.

So why isn’t Romney the clear favorite? Because Obama remains more popular personally than one would otherwise expect. Because the Obama campaign has been more effective at sowing doubt about Romney’s record as a wealthy capitalist than the Romney campaign anticipated, which is evidence to some that Romney’s campaign isn’t overstaffed with brilliant strategists. And because Romney himself has the unfortunate tendency to come off as both artificial and superficial.