With five months until Election Day, Barack Obama faces a grim new reality: Republicans now believe Mitt Romney can win, and Democrats believe Obama can lose … Last week’s anemic job-creation and economic-growth data was sandwiched between two Bill Clinton specials: in one television interview, the 42nd President lauded Romney’s business record as “sterling”; in another, he veered from the Obama line on the extension of Bush-era tax cuts … The failure to unseat Wisconsin’s Republican governor Scott Walker in a recall election was another bad sign for Democrats since it will rev up conservatives nationwide, including the kind of millionaires who gave big bucks to Walker’s effort … Veteran Democratic strategists from previous presidential bids and on Capitol Hill now wonder if the Obama re-election crew is working with the right message.

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