Time to Panic?

Yesterday, a USA Today/Gallup poll showed John McCain up 10 points nationally. So does this mean it is time for Democrats to panic?

Hardly.

The poll gave McCain ridiculous a 17 point bounce after Republican Convention (Obama was ahead by 7 following the Democratic Convention). Plus, national polls mean squat. The election is a state by state race.

Over at Daily Kos, they took a look at state by state polls and found that if the election was held today Obama would win 309 to 229...

Five weeks ago, it was Obama 336, McCain 202. I give the states to whoever leads in the Pollster.com polling aggregates. For this edition, it's Obama 309, McCain 229. The difference from five weeks ago is Florida, which flipped from the narrowest Obama lead to the narrowest McCain lead (McCain 46.2, Obama 44.1).

Yesteday, Open Left posted their presidential forecast and they show Obama leading.

Obama 251, McCain 183, Toss-up 104

MyDD and Huffington Post also have a presidential race rankings and have...

Total Democratic: 264 electoral votes
Tossup: 47 electoral votes
Total Republican: 227 electoral votes