Despite doom-saying about Democrats’ chances in the midterms, the latest NEWSWEEK poll (full results) shows that they remain in a close race with Republicans 12 days before Election Day, while the president’s approval ratings have climbed sharply. The poll finds that 48 percent of registered voters would be more likely to vote for Democrats, compared to 42 percent who lean Republican (those numbers are similar to those in the last NEWSWEEK poll, which found Democrats favored 48 percent to 43 percent). President Obama’s approval ratings have jumped substantially, crossing the magic halfway threshold to 54 percent, up from 48 percent in late September, while the portion of respondents who disapprove of the president dropped to 40 percent, the lowest disapproval rating in a NEWSWEEK poll since February 2010. However, his approval rating, which is notably higher than many recent polls of the president’s popularity, may be evidence of a closing "enthusiasm gap" more than a sea change in voter attitudes, and may not substantially affect Democrats’ fortunes come Election Day. In 1994, NEWSWEEK polls showed a similar steep climb in President Clinton’s approval between late September and late October, but Democrats still suffered a rout in the midterms.