Yes, it was as bad as it seemed.
No, it wasn’t Jim Lehrer’s fault for letting Romney expound; Obama got more time (four minutes more) than Romney. Besides, it’s not the moderator’s job to call a debater out on questionable assertions. It’s the opponent’s job.
Yes, it wasn’t the best atmospherics for Obama to look down, purse his lips, appear distracted, while Romney was attentive, engaged, relaxed. But this was much more than atmospherics. This was about one candidate who came with a frame for the evening, and who was prepared to engage on every question; and another who, perhaps because of his documented faith in his own abilities, felt he could wing it with snatches of familiar verbiage.