Why Obama Isn’t Failing And Romney Isn’t Winning
Greg Sargent has good analysis:
It’s very plausible that in spite of their own disappointment, voters have adjusted their expectations downward as to what presidents can do for this economy as they came to appreciate the magnitude of the crisis. This came up again and again in conversations that Ron Brownstein, Matthew Dowd, and yours truly had with undecided voters. These voters are unhappy with Obama. But they have not yet decided Obama’s approach is discredited. Their declining expectations have left them open to the argument that even if they disapprove of the current economy under Obama, Romney doesn’t have the answer either, and that Obama’s approach still has a better chance of bearing fruit over time.