President Obama’s campaign for re-election in 2012 was kicked off yesterday with a video sent by email to supporters. The President has, in my opinion, made himself a much more formidable candidate since the mid-terms, and should be financed adequately to run a first rate campaign. Challenges to re-elect are obviously there, but at this point I make the President a (slight) favorite for re-election. If the Republicans nominate Gingrich/Palin/Bachmann or anyone from that wing it will be much easier than it looks today. Despite widespread ridicule from Massachusetts Democrats (much of it deserved) Mitt Romney, in my opinion, would be extremely formidable as an opponent. I have a feeling the White House would rather draw Gingrich.