But here's a simpler and, I think, better explanation. There is no magic that dictates that the American people in their infinite wisdom will always make the right choice, and in this instance they 'doubled down' (to use one of the president's favorite expressions) in returning a very bad president to the White House -- one who had already shown himself to be incapable of providing competent (let alone inspiring) leadership in domestic and foreign affairs.
This happened despite the fact that Mitt Romney ran an exceptionally decent (as opposed to nasty) campaign, while President Obama ran an exceptionally nasty (as opposed to decent) campaign.
In his speeches and ads, Obama assaulted Romney's record as a businessman -- accusing him of everything from lying under oath, to being unpatriotic (lacking in "economic patriotism"), to causing to the death of laid-off steel worker's wife.
Obama made his primary theme one of envy, resentment, and class warfare. In one speech after another, he ignored the central truth that the American free enterprise system is based on voluntary exchange for mutual benefit, and he claimed instead that it is based on the rich exploiting the poor… and on profit-seeking businesses looking for every opportunity to cheat their customers on the far side, and their employees on the near side. Read more....