First and last, 2012 is an Obama referendum

Published February 10, 2012 5:00am ET



Conventional wisdom suggests that the current refusal of the GOP base to accept Mitt Romney as the de facto presidential nominee will doom the party to failure in the fall.

The thought is that too many debates, too much sniping among the candidates, and an overall enthusiasm deficit will leave the nominee — and the odds still favor Romney — mortally wounded.

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