On Friday, an ugly job market report led to the stock market’s worst day
of the year. As the recovery flat-lined, the president conceded to a
crowd at a Honeywell factory in Golden Valley, Minn., that “our economy
is still facing some serious headwinds” and getting sucked further into
Europe’s sinkhole. In depressing imagery for the start of the summer
campaign, cable channels carried the red Dow arrow pointing down while
Obama spoke; the Dow wiped out all of its 2012 gains.
The president who started off with such dazzle now seems incapable of
stimulating either the economy or the voters. His campaign is offering
Obama 2012 car magnets for a donation of $10; cat collars reading “I
Meow for Michelle” for $12; an Obama grill spatula for $40, and
discounted hoodies and T-shirts. How the mighty have fallen.
Once glowing, his press is now burning. “To a very real degree, 2008’s
candidate of hope stands poised to become 2012’s candidate of fear,”
John Heilemann wrote in New York magazine, noting that because Obama
feels he can’t run on his record, his campaign will resort to nuking
Romney.
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