What's Going On?

Is Obama losing because he's not leading by more? That seems to be the conventional wisdom these days and certainly it's a Republican talking point.

But here's the deal, i think: The media and John McCain are really worried that this election is going to be an Obama blowout.

So McCain is going heavily negative right now, throwing everything he has at Obama, now. He's afraid if he doesn't change the dynamic of this race right now, it's over for him.

And the media wants a horse race for obvious reasons...