08/24/2011 12:48 pm ET Updated Oct 24, 2011

David Axelrod's Last Campaign: Obama Advisor Says 2012 Will Be His Final Political Campaign

In early June, soon after another dismal jobs report stoked anxieties about the economy--the issue that will dominate the 2012 presidential campaign--the man tasked with masterminding Barack Obama's reelection strategy, David Axelrod, sat in the conference room of his Chicago office, legs crossed, feet shod in waterproof sandals, a picture of serenity on the eve of electoral battle.

As the chief strategist behind Obama's heady 2008 presidential campaign and for two tumultuous years the president's top adviser in the White House, Axelrod wasn't the type to panic over a lousy economic report.

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