"It's like the end of a long-running series and all the characters are coming back to be here," Axelrod said. He and Plouffe spoke to reporters during Obama's first rally earlier in the day in Madison, Wis.
Obama's team is projecting confidence, but the outcome of Tuesday's election is far from certain. Polls show Obama and Romney locked in a tight race nationally, though the president appears to have an edge in key battleground states.
Iowa plays a key role in the campaign's Midwestern firewall strategy. Victories in Iowa, Wisconsin and Ohio would put Obama over the required 270 Electoral College votes.
Not surprisingly, Obama also stopped Monday in Wisconsin and Ohio.
While their focus was clearly on the Midwest heading into Election Day, the president's team insisted he was poised for a sweeping victory.
"I don't want to put a precise number on it, but I think we have a good chance to break 300," Axelrod said in an interview with CBS Radio.
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