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By April and May, it became clear that there was no recovery underway as the monthly total of new jobs dipped first below 200,000 and then below even 100,000. Unemployment rose to 8.2 percent, and the data from the first quarter indicated a growth rate of only 1.9 percent, well below the 3 percent pace at which the GDP had been growing in the last quarter of 2011.
Voters didn't need the statistics to remind them that the economy was not in recovery.
Foreclosures, layoffs, and long-term unemployment told the story in their own daily lives.
So, in June, Obama's job approval fell back to its 2011 levels of 45 percent or less. Romney opened up a lead in Gallup's daily tracking of registered voters, and his lead among Rasmussen's sample of likely voters grew to 48-43.
Obama's verbal gaffes ("the private sector is doing fine") and his ongoing battles with Congress, which have led to the potential of a contempt citation, helped spur his drop in the polls. The Scott Walker victory in Wisconsin gave those who were watching with open minds a foretaste of the dimensions of the coming GOP landslide....More disturbing for Obama is that his June swoon happened despite spending at least $50 million and likely much more on paid advertising during May and June. He threw his best punch -- an attack on Romney's record at Bain Capital -- and got nothing for it.
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I think he has also run a very inept campaign. He seems to be floundering running from one fund raiser to the next and is running out of large donors with whom confidence in his leadership has been lost.
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