No one but Mr Obama knows whom he will pick, but the buzz around Mr Webb is loud enough to make him the favourite on Intrade, a betting website.
ECONOMIST: Jim Webb would make a poor running-mate for Barack Obama
Mr Obama may not have Jedi powers, but he knows how to kick a man when he is down.
BBC: Republicans resist Obama's Jedi mind meld
But it also knows that these are the same tax hikes Mr. Obama couldn't get his own party to pass when he held sweeping majorities.
WSJ: Strassel: The Obama Jobs Sequester
But unless he can persuade Americans that he cares about debt and knows how to shrink it, Mr Obama's future electoral prospects could be on the line too.
BBC: Analysis: Obama's deficit dilemma
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