Frum's studies the GOP electorate in the next primary state:
Despite the grim economic numbers, Newt Gingrich's first TV attack ad focused on Mitt Romney's record on abortion, not economics. Why? Perhaps for this reason: Those South Carolinians most affected by the state's economic distress do not vote in the Republican primary. The S.C. Republican primary is dominated by older voters, many of them retired, who have escaped the worst shock of the economic crisis.
Meanwhile, Andrew Sprung anticipates Mitt Romney's response to the Bain attacks:
Romney may come back with a strong counter-narrative about Bain. He has the money, and a credible assemblage of facts on his side. But while the film and ad images are still raw, he's been reinforcing them by expressing his apparently core belief that all accumulations of wealth are fully justified, and that modifying the rules by which the managing directors of Bain or Goldman extract ever-growing shares are not a fit subject for public discourse. While those expressed beliefs are not lies, they do not accord with most Americans' current perceptions. Perceptions that a person believes what is untrue and asserts what is untrue tend to be mutually reinforcing.
The Dish 