Deconstructing the Obama campaign

Jennifer Rubin analyzes the "July panic" in the Obama campaign:

So the Obama team has shot its wad. Its opponent has more ammo and more money now. Romney hasn’t been mortally wounded. And there isn’t money from Obama to keep up the 4-to-1 spending barrage. In fact without it, Obama might well have fallen behind in the race. So the Obama team pleads for money and turns up the volume of the attacks. (After calling Romney a criminal in July, what’s left for September and October?)

Obama is now committed to a strategy that isn’t working. He’s left to unleash his attack dogs and to pray for a miracle. Maybe the economy will rebound. Perhaps Romney will implode or pick a Sarah-Palin-type for vice president.

The reason, you see, that Obama’s camp has become so frantic in July is that its ineffectiveness in the summer subjects its side to grave risks. Having to defend his record, rely on his debate prowess and be evaluated on the economy over the last three years is as risky as, well, as sending thousands across a vast, empty field as enemy fire rains down upon them.