Election 2012: Latest polls suggest Obama will be re-elected

U.S. President Barack Obama (l) and Republican presidential candidate Mitt Romney. PHOTO/File

With just one day remaining in the 2012 race for president, the polling picture is now virtually complete. President Barack Obama continues to hold narrow but significant leads over Republican presidential nominee Mitt Romney in enough battleground states to put him over the 270 electoral votes needed for victory.

The sheer volume of data tells us that Obama’s leads in the tipping point states like Ohio and Nevada are not a matter of random chance, and there are no signs of any late breaks to Romney. If anything, the latest national polls appear to indicate a slight uptick in Obama’s favor.

A new NBC News/Wall Street Journal survey showed Obama at 48 percent of the vote, while Mitt Romney had 47 percent. The Pew Research Center put the president at 50 percent, while Romney had 47. The Washington Post-ABC News poll showed Obama at 49, Romney 48.

The national popular vote estimate now favors Obama by 1.1 percentage points…