Report Card: Is John McCain Running Out of Time?

While the McCain team has zeroed in on undecided voters, the Obama ticket has spent a lot of energy targeting early voters. The strategy appears to be working. More than 15 million Americans already have cast their ballots in early voting.

"Most of those early voters have gone for Barack Obama," said Stephanopoulos. "But set aside the early voting and the polls and take a look at it this way. We just finished the worst month in the stock market in 10 years. We're having the worst year in job losses in more than 15 years. More than 90 percent of the country thinks that we're going in the wrong direction.

"We haven't see those kind of numbers in 30 years," Stephanopoulos added. "And President Bush has the lowest approval ratings and highest disapproval ratings of any president since polling began.

"You take any one of those factors and that would be enough to defeat the candidate of the incumbent party," Stephanopoulos said. "To overcome all of them would be astonishing. It would be politically miraculous."

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