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Even after a star-studded Democratic convention and the speech of a lifetime, Barack Obama still finds himself in a statistical dead heat with Republican nominee, John McCain.

While some pundits expected Obama to enjoy a huge bounce in the polls following the convention, such a bounce has not materialized. Even after the controversial but generally well-received announcement by McCain of running-mate Sarah Palin, the Obama message seems to have hit a peak.

According the the CNN poll conducted Friday through Sunday night, the Obama-Biden ticket is leading the McCain-Palin ticket by one point, 49 percent to 48 percent, a statistical dead heat.

Said CNN polling director, Keating Holland:

“The convention — and particularly Obama’s speech — seems to be well-received. And the selection of Sarah Palin as the GOP running mate, also seems to be well-received. So why is the race still a virtual tie? Probably because the two events created equal and opposite bounces — assuming that either one created a bounce at all.”

The Obama campaign needs to be worried. Given their marvelously successful convention and attack-dog welcome for newcomer Palin, they should be leading by double-digits at this point. The American voter seems unwilling to buy what they are selling — at least thus far.