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LIABILITIES: Economy: There is no greater threat to Obama's re-election prospects than the economy. Even the most loyal Obama supporters say that if the already shaky economy softens any further before Election Day, the president's chances of winning will be significantly diminished. The nation's unemployment rate is stuck above 8 percent, though it has come down from its high of 10.1 percent in 2009. No one in the White House or Obama campaign expect significant economic improvement before the election. But advisers do fear that the economy could get worse; it could cement the notion with voters that the president is the wrong economic steward. Outside money: Romney and outside groups supporting him are expected to spend more than $1 billion during the campaign, with much money being used to flood the airwaves with TV ads attacking the president. Democrats have struggled to compete with the torrent of GOP money. A Democratic super political action committee hasn't come close to matching the fundraising totals of its Republican counterparts. And Obama's campaign was vastly outraised by Romney's campaign last month. The president and his advisers say Obama could be the first incumbent running for re-election to get outspent
-- though they also may be trying to motivate reluctant Democratic donors. Waning enthusiasm: Obama himself acknowledges that his candidacy isn't as exciting as it was in 2008 when he was a political newcomer. Voters who lack enthusiasm may not donate money or volunteer for his campaign. They also may not show up to vote in November. That's a particular concern for Obama among young people, who not only voted for him in large numbers in 2008, but were a core part of his volunteer base. A Pew Research Center poll conducted last month showed that 60 percent of younger voters say they are giving quite a lot of thought to the election, down from 71 percent in 2008. Lack of second-term specifics: Obama's re-election rationale is based more on broad themes, like economic fairness, than specific policy objectives for a second term. A recent economic speech in Ohio was largely a rehash of ideas the president has previously proposed. It left the president open to criticism from Republicans and some Democrats who say he hasn't provided voters a clear enough sense of what he wants to do in a second term. Obama campaign officials counter this criticism by saying the presidents still wants to pass previously proposed ideas that were blocked by Congress in his first term
-- and by noting that Romney hasn't offered many specifics of his own.
[Associated
Press;
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