Professor Jacobson makes the case for why Newt Gingrich should be the Republican nominee for President. I'm begining to lean in that direction myself. I'm definitely not a Romney fan. I just don't trust him. I like Rick Perry alot but he just hasn't been very impressive in the debates ( I recognize that the format is terribly flawed) and I like Hermann Cain alot too but he appears to have very superficial command of some of the most important issues, such as foreign policy. This piece in The American Spectator is also very convincing.
I credit Newt Gingrich, not Bill Clinton, with balancing the federal budget back in the late 90's. Presidents seem to take the credit, or the blame, for budgets, mainly because they ultimately sign them into law, but it is important to remember that all spending bills must originate in the House of Representatives and it was the first Republican majority in 40 years that passed the first balanced budget in decades.
Newt gets the credit in my mind for passing that balanced budget and I am willing to bet that as President he can prevail upon the Congress to do it again.