Steve Chaggaris, Lindsey Boerma /
In a web video, the former Massachusetts governor announced the establishment of a presidential exploratory committee, which marks the first significant step for any potential candidate. The video features Romney speaking directly into the camera at the University of New Hampshire and focuses largely on the state of the economy.
"This morning I spoke with a number of students here at the University of New Hampshire," Romney says in the video. "Like young people all over the country, they wonder whether they'll find good jobs when they graduate. Last week, in Nevada, I walked through a neighborhood with homes vacant or in foreclosure. Unemployment there is over 13 percent. Across the nation, over 20 million Americans still can't find a job, or have given up looking."
Romney says in the video that President Obama is to blame since the president and most of his advisers haven't worked in the private sector. "They just don't know how jobs are created," he says.
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