Charles Gasparino: Obama Building Zero Confidence

Who knows is Obama will win again. There are too many factors and too much time between now and November 2012. Charles Gasparino explains why it won't be a cake walk for the big B.O. Excerpt:

Obama's building zero confidence about the future, too. He's back to insisting on the end of the Bush tax rates after next year -- promising higher taxes on "millionaires and billionaires," meaning small businesses and families that make $250,000. And his plan to supposedly cut $4 trillion in spending over the next 12 years doesn't add up -- everyone knows it's just a pose, so he can pretend to be responsible as he fights Republican efforts to make real cuts.

As his no-drill policies help push up energy prices, his only answer is more politics -- bashing the oil companies and threatening special tax hikes on them, as if that wouldn't push up prices. For all this and more, the economy will be an albatross for Obama all the way to November 2012. He might yet win -- the weak Republican field is itself fumbling to come up with a growth agenda. But don't start the re-election parties just yet.