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Joe the Plumber

Obama-Romney: It's not over yet

Things certainly seem to be breaking President Barack Obama's way of late. A slew of new polls last week showed gains for him in crucial battleground states, most notably Ohio, the one state no Republican has ever won the presidency without. Mr. Obama won't repeat his feat of taking Indiana, and North Carolina may be a stretch, but polls in Florida, Virginia, Nevada and elsewhere suggest the possibility that this election might not even be that close.

But before Obama supporters start measuring the White House for second-term drapes, they may want to consider the strong possibility that the race is far from over. There's enough time left and enough volatility in this race and in the...