At this point, I don't think we can say for sure who is in the lead, but it is pretty clear that things are heading in the right direction, and that's what matters.Each of the four daily national tracking polls -- DKos/Research 2000 (Obama +4), Hotline/Diageo (Obama +4), Gallup (McCain +1), and Rasmussen (McCain +1) -- show movement towards Obama from McCain.
Also, it appears that the principal reason for McCain's polling surge is that he rallied his extreme right-wing base by selecting Palin, mostly in states that he was already going to win. As Sam Wang puts it: "Red gets redder."
Update: John Cole highly recommends Barack Obama's speech on the economy today, which I'm just sitting down to watch. He's posted thoughts on it and the full transcript is here. Here's the video:
Barack Obama
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