VIDEO: Obama: I Am 'Absolutely' the Underdog in 2012

His status is due in large part to the dismal economy playing out on his watch, the president said in an interview with ABC's George Stephanopoulos. 

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President Barack Obama (ABC/Yahoo)

The Huffington Post is reporting that in an interview on Monday with ABC's George Stephanopoulous, President Barack Obama described himself as "absolutely" the underdog in his upcoming race. He said that the reason, in large part, is the dismal economy that's playing out on his watch.

He made the comment after Stephanopoulos indicated that a new ABC poll found that 55 percent of Americans think he will be a one-term president.

"I don't mind," he said of the poll results. "I'm used to being an underdog."

The president said that voters ultimately will make a choice based on who presents a vision for helping them recapture the elusive American dream.

"When I ran in 2008, the basic idea was that ordinary folks who are working hard, doing everything right, just weren't getting ahead," Obama said, citing people's frustrations with the rising costs of health care and college education. "The whole approach of everything I've tried to do over the last three years is to say, 'What are those big changes that we have to make so that our kids are getting the best education? [So that] we've got the best infrastructure in the world? [So that] we've got the tools that allow us to succeed again?' "


Read more at the Huffington Post.

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