Democrats, and many pundits, seem to believe that President Obama is rebounding, and will surely win re-election, but Jim Vandehei of Politico isn't buying it. Here's why he thinks the president should be sweating right now:
- The economy: The recent CBO report not only projected another trillion-dollar deficit, it predicted that unemployment will rise to 8.8% in the third quarter—something Obama's own advisers doubt he could recover from.
- Swing voters: A recent ballot poll shows Obama essentially tied with Romney in 12 swing states—heck, he's barely ahead of Ron Paul. And that's in the heat of a primary battle, with Romney and Newt Gingrich spending all their firepower on each other.
- Fundraising: Obama's fundraising hasn't been as strong as Democrats felt sure it would be, and there's a real chance he could be mauled by super PACs. Obama's super PAC has just two donors who've given $1 million or more; Romney's has 10.