We’ve gotta wake up,” James Carville wrote in a May 31 fundraising e-mail. “Everywhere I go, people are telling me that ‘Obama has it in the bag.’ Newsflash: nothing is in the bag.” He’s right: Democrats have been overconfident about President Obama’s chances this fall. Only slowly, if at all, is it dawning on them that Mitt Romney poses a serious challenge.
For months now, the polls have suggested that Obama, while not a sure loser, is in trouble. In the Real Clear Politics average of polls, the president has not cracked a 50 percent approval rating so far in 2012. In both its average and Pollster.com’s, the candidates have since the first week of May been consistently less than three points apart.












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