President Barack Obama’s re-election campaign is in serious trouble.
The economy will not improve significantly before the November election. Republican Mitt Romney is vastly surpassing Obama in financial contributions. And Obama’s approval rating is at its lowest level; the latest CBS/New York Times poll finds that only 39 percent of Americans surveyed approve of his handling of the economy. His favorable rating is only 36 percent, meaning almost two-thirds of Americans aren’t impressed.
True, the race is neck and neck right now, and the election outcome will be decided by a small percentage of independent voters in swing states. But the trend is against Obama.
The public is still getting to know Romney, which is why Obama’s campaign has been outspending the Romney campaign trying to imprint an image of him on voters’ minds.
The themes of Obama’s ads: Why won’t Romney release more than two years of tax returns? Romney’s name was still associated with Bain Capital, the financial-services company he co-founded, while he was working on the Salt Lake City Olympic Games and Bain companies were shipping jobs overseas. Romney is a wealthy man who doesn’t understand the problems of middle-income Americans. Why won’t he disclose his big Wall Street donors?