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Since when has a sitting American President been an underdog in an election? Jimmy Carter against Ronald Reagan in 1980?

This alt@source reports : Calling himself an “underdog,” President Obama Sunday said the faltering economy is a drag on his presidency and seriously impairing his chances of winning again in 2012.

“Absolutely,” he said in response to a question from ABC News’ George Stephanopoulos about whether the odds were against him come November 2012, given the economy. “I’m used to being the underdog. But at the end of the day people are going to ask — who’s got a vision?”
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