Nate Says It's Over, So That's, Er, Official

It will be fun to compare once the returns start rolling in. OMG, less than 3 hours!

Our model projects that Obama will win all states won by John Kerry in 2004, in addition to Iowa, New Mexico, Colorado, Ohio, Virginia, Nevada, Florida and North Carolina, while narrowly losing Missouri and Indiana. These states total 353 electoral votes. Our official projection, which looks at these outcomes probabilistically -- for instance, assigns North Carolina's 15 electoral votes to Obama 59 percent of the time -- comes up with an incrementally more conservative projection of 348.6 electoral votes.

We also project Obama to win the popular vote by 6.1 points; his lead is slightly larger than that in the polls now, but our model accounts for the fact that candidates with large leads in the polls typically underperform their numbers by a small margin on Election Day.

This race appears to have stabilized as of about the time of the second debate in Nashville, Tennessee on October 8th.