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For months, the magic that once surrounded Barack Obama's presidential candidacy was lost in a fog of petty politics: the negative ads, the Clinton dramas, the degrading of Obama to the status of a mere "celebrity," the back-and-forth with John McCain over who is an elitist and who is a flip-flopper. The recent direction of the campaign reflects a basic political fact: If this contest turns out to be a big election, Obama will almost certainly win. But if it is converted into a small election, Obama could well lose. And the McCain campaign has done all it could to bring Obama back to earth and to dissipate the sense of possibility he once inspired. If it did nothing else, this week's Democratic National Convention served as a reminder of the historical import of Obama's nomination and the astonishing transformation of the country in just three generations.

Short answer: Not much

Now John McCain is pea-green with envy. That's the only explanation for why a man who prides himself on honor, a man who vowed not to take the low road in the campaign, having been mugged by W. and Rove in South Carolina in 2000, is engaging in a festival of juvenilia. The Arizona senator who built his reputation on being a brave proponent of big solutions is running a schoolyard campaign about tire gauges and Paris Hilton, childishly accusing his opponent of being too serious, too popular and not patriotic enough. Even his own mother, the magical 96-year-old Roberta McCain, let slip that she thought the Paris Hilton-Britney Spears ad was "kinda stupid."