No, but it is the supreme law of the land. So when it says a right of the people shall not be infringed, it restricts not only the federal government but state government as well.
Article VII infer from your assertion of state powers to abrogate enumerated rights of the people that you also supported the SCOTUS Kelo decision allowing states to expand "public use" to mean "any public benefit" under the takings clause of the fifth amendment?
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This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding.
In this case, a restriction solely on the federal government. Just as the Framers intended.