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You have to look at the electoral college - not the general polls.
Obama is kicking ass in the states that matter. The two biggest battle ground states FL and OH are leaning towards Obama. Even if Obama lost both of those states, he would still win the electoral college. The next two important battle ground states are NC and MO and Obama has a slight lead. If Obama lost FL,OH,NC, and MO (highly unlikely) - he would still win the electoral college.
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