Zogby has McCain within the margin of error on the three-day tracking poll and outpolling Obama on Halloween* by 1%.
While we still stoically expect an Obama victory, we can yet imagine the opposite, especially if Tuesday looks like a classic TV episode about another historic election.
If the likely happens and Obama rules in 2009, we note that liberals are unlikely to get what they want. Not only do budgetary constraints work against their agenda, so does the reshaping of the Democratic caucus. Obama is certainly on the left of his party, but many new Democratic Congressmen will be "Blue Dogs," fiscally and socially conservative Dems, who may number over 60 in the House. These will be enough to stand in the way of anything radical and, in their view, irresponsible. Obama may face the possibility of alternative budgets or legislation passed by a coalition of Republicans and Blue Dogs, much like the previous Democratic President who had majorities in both houses.
Meanwhile, pundits now read the entrails as indicating the Dems will fall short of a 60-seat supermajority in the Senate. Even if they get one, those Dems vulnerable to challenges from the right in 2010 will be cautious.
Chins up, conservative brethren! The Republic will endure.
*Because Democrats stay out later collecting giveaways and can't answer their phones?