Mitt Romney continues to surge in both national and swing state polls and Nate Silver now gives him a 38.9% chance of winning the presidential election.
“The only really good news for Democrats is that Mr. Obama had built up a large enough cushion that he could withstand a lot of damage without becoming the underdog,” writes Nate Silver. “The forecast model still has him clinging to narrow leads in Ohio, Iowa, Wisconsin and Nevada, states that in some combination would give him 270 electoral votes.”
Meanwhile, Romney and his allies “are banking heavily on a high-risk, high-reward media strategy in the final weeks of the campaign, hoping that burying President Obama in ads will give them a crucial edge on Election Day,” the Washington Post reports.
Ad purchases in the presidential race doubled or in some cases tripled last week in swing states such as Colorado, Florida, Iowa and Virginia, tracking data show. The surge is being driven by Romney and well-funded allies, who decided against running more ads earlier in the campaign in favor of a big bang at the end.