Obama's 'big drags' on his re-election chances

Politico's Jim VandeHei and Mike Allen take a look at the president's chances for a second term one year and three months from election day. It is not a pretty sight: This breezy certitude fails to reckon with how weak his fundamentals are a year out from the general election. Gallup pegs his approval rating at a discouraging 42 percent, with his standing among independents falling nine points in four weeks. His economic stats are even worse. The nation has 2.5 million fewer jobs today than the day Obama took office, a fact you're sure to hear the Republicans repeat. Consumer confidence is scraping levels not seen since March 2009. Where's the bright spot? Hard to see. Obama has few, if any, domestic achievements that enjoy broad public support. No one assumes employment, growth or housing prices to pick up much, if at all - something Obama is essentially powerless to change. And the political environment and electoral map are significantly tougher than in 2008, especially in true...(Read Full Post)

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