Obama declares himself candidate for re-election

WASHINGTON, (Reuters) – U.S. President Barack Obama  declared himself a candidate for re-election in 2012 on Monday,  jumping ahead of a slow-starting Republican field and hoping an  economic recovery will boost his case for a new term.

Obama’s announcement, made through an email and video sent  to supporters, set in motion a plan to tap donors and raise as  much as $1 billion, which would shatter the $750 million  campaign finance record he set in 2008.

Five months after his Democrats were routed by Republicans  in November congressional elections, Obama looks in fairly good  shape for