Can Obama Avoid Bush’s 2nd-Term Errors?

Al Hunt, Bloomberg
There are striking parallels between Barack Obama's re-election victory last week and that of George W. Bush in 2004.Both incumbents began with mediocre job-approval ratings; each had a political albatross: the Iraq war for Bush, the economy this time; and both managed to define the race and the opposition before their slow-to-react challengers could. They both narrowly won, with about the same popular vote margin, though Obama did much better in the Electoral College.The architects of this year's successful campaign, David Axelrod, David Plouffe and Jim Messina, emulated the…

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