Actually, even without this, Bush would win if the election were held against Kerry today.
President Elect's fifth analysis of the 2004 Electoral College vote pitting President George W. Bush against the probable Democratic nominee, John Kerry, shows that if the election were today Bush would be the first popular vote losing president to win a second term.
President Elect predicts that President Bush would win 286 electoral votes and Kerry would win 252 (Down from 307-231 in September).
http://www.presidentelect.org/e2004.html