President Obama and his closest advisers are pushing back at the notion Obama is a one-term president doomed for defeat in 2012.

Obama’s top political adviser on Friday issued a memo to the Sunday news show producers and other reporters that concludes Obama is in strong shape for another four years in the Oval Office.

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The memo from Obama guru David Axelrod noted that the president has strong support from Hispanics, the fastest-growing segment of the population, and that GOP approval numbers are in the dumps.

Obama himself took aim at the doubts while speaking at a Democratic fundraiser on Thursday night. He insisted his odds of winning reelection are better than what his chances were for winning the White House in 2008.

“Now, I know that, over the last couple of months, there have been Democrats who voiced concerns and nervousness about, well, in this kind of economy, isn’t this just — aren’t these just huge headwinds in terms of your reelection?” Obama said.

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Read More at The Hill By Sam Youngman, The Hill