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Why Is Obama Avoiding Romney’s Biggest Weakness?

June 5 (Bloomberg) -- President Barack Obama is in a bind. All the obvious strategies available to an incumbent president running for re-election are foreclosed to him.

He can’t run a “Morning in America” campaign in the style of Ronald Reagan in 1984 or Bill Clinton in 1996. In those years, the country was doing well and felt it. A majority of the public now thinks that we are “on the wrong track” as a nation rather than headed in “the right direction.” The already dismal jobs picture is growing bleaker: Payroll growth slowed and the unemployment rate rose in May, to 8.2 percent. If voters make their decision based on the state of the country, Obama will lose.