Courtesy of our friends at Bretton Woods Research.
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Rick Santorum swept Colorado, Missouri and Minnesota yesterday because the Republican electorate is continuing to send Mitt Romney the message that he must improve his growth platform. With Newt Gingrich periodically stumbling against Romney, Santorum’s tax plan is the next best thing. As we explained in early January, Santorum wants two personal income tax rates, 10% and 28%, a 17.5% corporate tax rate, a 12% capital gains tax rate and a complete elimination of the corporate tax for manufacturing companies.

According to Intrade, Mitt Romney’s chances today of winning the GOP nomination are nearly 82%, almost double what they were in mid-December. But, importantly, as his chances of capturing the nomination have improved, President Obama’s chances of being re-elected have improved during the same period from roughly 50% to 60%.

There is a glaring weakness in the Romney candidacy. He doesn’t have the right model to create growth.