There's no question the stakes of the Wisconsin recall are high. As I wrote last week, if Governor Scott Walker survives the election next week—no matter how slim the margin—he's likely to claim a mandate. Since he's already a rock star among conservatives and anti-union activists, Walker would be in a good position to push further right. If he loses, it gives the labor movement one of its biggest victories in years.
However, the fate of Wisconsin is unlikely to determine the fate of the presidential election. It may not even determine the presidential race in Wisconsin.