Obama Fading?

A reader writes:

With regards to the idea that Obama’s campaign has been ineffectual over the last few weeks, I can’t help but give these guys all the benefit of the doubt.  They’ve run a nearly flawless campaign, aside from the Wright episode.  I’m reminded of the tactics of Muhammed Ali versus George Foreman in their great boxing fight of the early 70’s… I can’t help but wonder if Obama’s campaign is purposely taking all of the best (worst?) that McCain’s campaign can come up with during the current Olympic buildup/downtime with the thought of turning everything into a downhill run to victory from the conventions on.

I can’t help but think we’re seeing political rope-a-dope …

Well, it wouldn’t be the first time I’ve worried about Obama’s seeming reluctance to fight back. But my worry is simply about him losing control of the narrative of this campaign.