The economy remains in the tank, with an exceedingly weak "recovery" and more bailouts, pork projects, welfare costs and devaluation of the currency (our investments and property).
The President broke almost every promise on Millitary/Defense related issues, ended Iraq only when he failed to extend it, and ended it on Bush's timeline as it turns out, has failed miserably in Afgahnistan after doubling down, waged a new war in Libya and helped regime change in Egypt, neither of which is working well for us despite billions in aid, and we just had a horrific diplomatic event (the murder of an Ambassador and staff) to top it off.
Other than on Social Issues (abortion, gay rights, etc) where Obama is clearly the more modern, popular option.....he's done very little to recommend him for 4 more years. Even Obamacare is not close to good enough for his own side (as a sellout to big isurence/pharma), and objectionable to the other.
And yet, with all these factors against the President......Romney is still barely neck and neck (or behind) in most polling.
This election, just based on the circumstances, should be an (R) cakewalk landslide.
So how bad, uninspiring, and plain old unlikeable IS Romney, that with so much in his favor going in, he still stands where he stands now?