An important rule in politics is to attack your opponent and their policies, but never to attack their voters. Mitt Romney broke this rule with his comments on how 47% of Americans will vote for Obama as they don’t pay income tax.
He is not the first major politician to say something at what he thought was a private meeting, and have it bite him. Obama himself in 2008 said that those who don’t support him tend to “cling to their guns or religion”. However his phrasing was not as harmful as Romney’s.
Romney always needed a strong campaign to win. He hasn’t had one and time is running out.
538 has Obama at 75% likely to win. Intrade now has him at 67%, which is a significant increase. For the first time also, the market has the Democrats favoured to retain control of the Senate.
It would be very hard for the Republicans to lose the House, so at this stage the most likely outcome is the status quo.