Obama Hopes to Rebound in Round 2; He Plans to Embrace Economic Record as Data Look Up, but Romney Camp Points to Skyrocketing Deficits; ELECTIONS 2012: 2nd Presidential Debate

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WILLIAMSBURG, VA. - President Barack Obama and Republican challenger Mitt Romney huddled Monday in intense preparation for their second debate tonight as polls show a closely fought campaign.

Early voting is under way in dozens of states, giving the candidates little chance to recover from any slip-ups that come in these final days.

Obama has been trying to get his supporters to lock in their choice now, and his campaign announced Monday that he and his wife, Michelle, would become the first president and first lady to cast their ballots early.

Obama planned to vote on Oct. 25 during a visit to his home state of Illinois next week, while Michelle Obama told a rally in Delaware, Ohio, that she had dropped her absentee ballot in the mail Monday. "For me, it was Election Day," she said.

With the economy showing some signs of improvement three weeks before Election Day, President Obama laid down on Monday a full embrace of the economic record many Republicans say is his biggest weakness. The president's first act in this critical campaign week was to announce a new battleground state advertisement featuring voters discussing the ways their economic conditions have improved during his term.

Obama's campaign aides say they are encouraged by public and private surveys showing voters growing more confident about the direction of the economy. Those trends are behind the new 30-second spot the campaign is running in Colorado, Iowa, Nevada and Virginia.

"Stick with this guy," a gravelly voiced man says at the end of the commercial in a point Obama hopes wavering voters will embrace.

A second ad targeted at Ohio voters features former astronaut and Sen. John Glenn touting Obama's character and economic record.

Aides argue that some voters got a psychological boost when the unemployment rate fell below 8 percent last month for the first time since Obama's inauguration. But the campaign says it puts more stock in economic indicators showing an increase in consumer confidence and retail spending, which indicate shifts in voter behavior.

Retail sales rose 1.1 percent last month, the Commerce Department said Monday. That followed a 1.2 percent increase in August, which was revised slightly higher. Both were the largest gains since October 2010.

Still, with millions of Americans still out of work, the campaign is trying to walk a fine line between touting economic gains and acknowledging that many voters are still struggling.

GOP vice presidential nominee Paul Ryan lambasted Obama's handling of the deficit during an appearance Monday in Ryan's home state of Wisconsin. He pointed to a digital scoreboard his campaign set up at the far end of Carroll University's field house that tracked the growth of the nation's debt in real time.

"Look at how fast those numbers are running," Ryan said. "We know without a shred of doubt that we have consigned the next generation to this path of debt."

He acknowledged that Obama inherited "a tough situation" when he took office but argued that the president had only made things worse. Ryan touted Romney's plan to cut taxes by 20 percent across the board as the path back to economic growth.

Obama campaign spokeswoman Jennifer Psaki said the president would seek to run on his economic record, not away from it, during tonight's debate. …