Rope-a-dope strategy or dope & dope?

I'm still trying to figure out the Kerry strategy. Is he letting Bush burn through his cash and sink his own ship with bad news or is he just sitting quiet and letting Bush off easy? He's raising a ton of cash, so perhaps he is focusing more on fund raising now because it's going to really pick up soon. Either way, a new report from NBC News/WSJ says it is still a dead heat, though Bush does have a lot of negatives that are going to hard to overcome, such as the bad feeling among Americans about Iraq. Fingers crossed that Kerry is employing the Rope-a-dope strategy.