Jay Cost has some great analysis of recent polls which show the race tightening. The news is not all as bad for Bush supporters as it might seem. Kerry Spot posts the following excerpts from Cost:
The first moral of the story is to try to be sanguine about these polls. It is important to remember that last Thursday was the low-point for Dubya and the high-point for Kerry. Even now, Dubya still has a lead. The way to look at this is week is that, given the public's reaction to his performance last Thursday, the president has really dodged a bullet.
The second moral of the story is to remember that polling is, at best, ill-suited for presidential politics. We political junkies are desperate for some kind of certainty, and so we cling to these polls. But the bottom line is that there is no certainty in these polls. Once again, to obtain any kind of certainty, you would have to conduct the same poll at least thirty times and average the results. And you would have to do it before there are any possibilities of substantial changes in the electorate (e.g. you would have to do thirty identical polls in between the two debates). That would give you an indication of where the race stands. That would give you certainty.
The campaigns probably do something like this. Thus, if you want to know where the race really stands, take a look at where they are campaigning. Kerry is spending time in Wisconsin and Colorado. Bush is spending time in Maine, Ohio, Pennsylvania and New Hampshire. Interestingly, nobody is spending time in Florida, New Mexico, West Virginia, Minnesota, Arizona, Iowa, Michigan, Missouri.
My guess is that the Bushies are reasonably confidant that they will hold all the states they held in 2000 except New Hampshire, Colorado and Ohio without much effort (which Kerry thinks he can pick up). But, on the other hand, he can hold Florida and likely pick up Iowa and probably Wisconsin (which Kerry is worried that he will lose), and possibly one EV from Maine.
Suppose all of this breaks against Bush. Suppose he loses PA, OH, CO, NH, WI, ME. He holds FL and picks up IA. That would put the final EV count at 254. We should call that Dubya's floor. There are lots and lots of different things Dubya could do here to get to 270. It would be pretty easy. A hold in OH. A pick-up of PA. A pick up of NH (4 EV's) and WI (11 EV's) and ME (1 EV). A pick-up of WI (11 EV's) and a hold of CO (9 EV's).
On the other hand, Kerry's floor is 229. Kerry has to do a lot more than Dubya to get to 270. This is where the real race is, people. It is not in that AP-IPSOS poll!
In other words, a solid performance tonight by Bush might make victory irretrievable for the Democrats even with one debate left.