To hear Democrats (and much of the media) tell it, President Barack Obama is a man on the rebound. The president turned in a strong State of the Union speech, picked a smart political fight over taxing the rich and authorized another heroic Navy SEAL mission in terrorist territory. Sounds like a recipe for reelection, they say.
There is a big problem with this Pollyanna punditry: There are a bunch of real-time numbers coming in that tells a much different tale.
In short, there’s a new Congressional Budget Office report that shows unemployment likely to climb to nearly 9 percent by the election, there’s polling data showing Obama tied or trailing Mitt Romney in the most important swing states (and doing only marginally better against Ron Paul), and there is mounting evidence that the assumption of a decisive Obama fundraising advantage for the fall might be flat wrong…
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