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At this point I don't think any amount of spin can help Obama get re-elected. His only hope is to either start a war, or make a significant military strike close to election time.
But I doubt even that would work. He's burned too many people, and not many are curious to see what he might "accomplish" as a lame duck president. Considering everything he was willing to do before a re-election bid, what would he be willing to do if there was nothing to lose in a second term?