President Obama today said the faltering economy is a drag on his presidency and seriously impairing his chances at winning again in 2012.
"Absolutely," he said to a question by ABC News' George Stephanopoulos about whether the odds were against him come November 2012, given the economy. "I'm used to being the underdog. But at the end of the day people are going to ask -- who's got a vision?
The American people, he conceded, are "not better off" than they were four years ago.
"The unemployment rate is way too high," he said of the 9 percent jobless rate, the highest in half a century.
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