First, the reasons for Obama and Democrats to take a step back and put everything in perspective: The poll is an outlier of almost every other recent poll. Now you're either thinking, "See?! Fox News is the only fair and balanced one!" Or you're thinking, "See?! Fox News is lying!"

The latest Gallup poll has Obama at a 49-45 percent advantage. The latest Washington Post/ABC News poll has Obama up even more, at 50 to 41 percent.

However, as we warned with the WaPo poll (WaPoll?), Voters trust Romney to handle the economy more than Obama, by a 47 to 43 percent margin. On the No. 1 (economy) and No. 3 (deficit) issues in the upcoming election, voters trust Romney to handle them a lot more than Obama.

But this Fox News poll is important because the poll was taken after Rick Santorum dropped out of the race on Monday. This could be some sort of temporary boost for Romney, or it could be more of a sign that the Republican Party is rallying behind Romney. Indeed, 42 percent of Republicans said they were "extremely" interested in the upcoming election, compared with 32 percent of Democrats.