No, the Constitution has always dealt with both the federal government and the several states. The constitution enumerates certain authority to the federal government, and constrains certain authority of the states. The second amendment was written using specific language, for a specific reason. If the founders had intended for the federal government not to infringe upon the right to keep and bear arms, they would have used phrasing similar to the first amendment, such as, "Congress shall make no law infringing upon the right to keep and bear arms."
Insofar as the obvious, absolute intent of the second amendment was unclear or improperly interpreted, it has already been incorporated, long ago, through the fourteenth amendment. So, in our current state, the second amendment is absolute, and constrains not only the federal government, but also the several states.
If that were true, then we wouldn't have States making gun law.