2012 U.S. Presidential Election

[Xiahou]

Obama has plenty to run on, but like every Democratic candidate I have payed attention to in my life (see: all of them since 9/11) he won't capitalize on it because it provides fodder for attacks and it's better to be bland and slippery than spicy and mischaracterizable (not a word).

What would he run on? Bin Laden was killed under his administration- but he can't beat that drum too hard without risking backlash. Obamacare is wildly unpopular, unemployment is still very high... what am I missing?