Battleground States to Watch for This Election

NEW YORK ( TheStreet) -- Flip on your favorite pump-up music, break out your most confident strut, and don those red, white and blues, because it's Election Day in America.

Many pollsters and Electoral Vote predictors have suggested that Tuesday's election could come down to eight states -- Ohio, Colorado, Virginia, Florida, Nevada, Iowa, Wisconsin, and New Hampshire.

Here's a final look at where the polls stand for each swing state.

If you've followed this year's presidential election since the summer of 2011, when Mitt Romney and a handful of other Republicans fought for the party's nomination, then you know that Ohio would be a pivotal battleground needed to win the election.

President Obama currently leads his GOP challenger 50% to 47.1%, or 2.9 percentage points, in an aggregate of Ohio polls collected by RealClearPolitics. The lead, though, remains close enough for pollsters to call the state a toss-up.

"There's a real optimism here Youngstown, Ohio , and President Obama, I think, rightfully gets a good deal of credit for it," said Rep. Tim Ryan (D., Ohio). "He stuck his neck out on the auto-rescue package, he got tough with China when it came to steel -- and tires in other parts of the state."

The polls narrowed for Romney shortly after the first presidential debate, in which the former Massachusetts governor delivered a sterling performance that boosted his national image as a legitimate contender.

Romney has even led a number of individual polls taken in the state. One source familiar with Republican Party internal polling within Ohio told TheStreet two weeks ago that they had Romney with a one-point lead against Obama.

But the average of polls have not given a decided lead to Romney, nor have they offered a distinct advantage to Obama.

Obama grabbed Colorado in 2008 with nearly 54% of the vote, but Romney's ground game has kept him in a close race for 2012. It's a crucial state for the Republican to win as he has very few battlegrounds to surpass the president and reach the decisive 270 electoral votes.

The aggregate of Colorado polls put Obama slightly ahead of Romney 48.8% to 47.3%, or an advantage of 1.5 percentage points.

Colorado Republicans overwhelmingly favored the Republican nominee during the 2008 GOP primary, but Romney surrendered the state in a shocking upset to Rick Santorum in 2012.

The governor shook off his primary defeat and has maintained a close race in Colorado; he took a slight lead for a couple of weeks in October. Again, this state is a toss-up.

Another dead heat can be found in Virginia, where Obama leads by a miniscule 0.3 percentage points. An average of polls shows Obama up 48% to 47.7% in the state won by Obama with more than six percentage points against John McCain in 2008.