Obama's the best Republican that Republicans could hope for. That's why only the most ego-driven among them are running.
We're not limited to voting for just Democrats and Republicans. There are other alternatives besides sitting out the election or voting for Republicans. There are other candidates running as independents, from Green to Libertarian, in just about every race. If for no other reason than to get the 5 percent that is necessary for getting a seat at the table, I think that may be enough for great numbers of Democratic voters this time around.
I never advise people to sit out elections because the first rule of politics is, "If you're not at the table, you're on the menu". It's what p!sses me off about Obama (and one of many reasons I know him to be a con man betraying "them that brung 'im") because by shutting out liberals, the Democratic base, from his administration, by taking single payer, a public option, off the table, by putting Social Security and Medicare on the table, by eliminating regulatory oversight from finance reform legislations, he's given pro-corporate, Republican-like policies an inside line. The People's advocates can't even get in the door of this government much less a seat at the table.
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