Yeah, he could. But I really doubt he will. I mean, I really doubt it. I would be gobsmacked.
There are a couple reasons he won’t. First, he doesn’t have that in him. He is so narcissistic that he just assumes that he is all that and a bag of chips.
Second, him bowing out would be a public acknowledgement that his lefty policies are pure crap, and that he led us down the primrose path to Hell. He would NEVER admit that what he did was wrong. Him not running would be an admission of failure and would endanger every lefty idea ever put forward. Third, Obamacare would immediately be dead. It would be the failed experiment of a failed president. Fourth, I really don’t think that this would at all slake the desire for blood among the general population. Yeah, the democrats are going to lose the Senate in 2012, but they would even if Obama pulled out.
Finally (and this is related to my fourth point), the democrat would still lose. He or she would have to totally repudiate Obama in a believable way. Who could do that? Certainly not Hillary, who is a known liar and who was a BIG part of the Obama team. No, Obama not running would be conceding defeat right here and now.
It won’t happen. It’s too late and Obama has shown that he is already in campaign mode. Obama not running would just be blood in the water for sharks. Once the bleeding starts, it’s all over for anyone trying to survive.