His supporters, and of course the adoring legions of Obama boosters in the MSM, keep touting that this is a historic election. It may well turn out to be just that, but not the kind they were hoping for. It would be poetic justice to see the MSM having to report that their candidate who, as you put it, had commited a fraud of monumental proportions. There's no way they could cover it up, or escape their own culpability for their complete failure to conduct due diligence on this guy.
Can you imagine the depths of depression they're going to sink to? Those psychologists in Florida thought they were swamped with BDS in 2000, but they ain't seen nothin' yet.
The spectre of Obama will haunt the Democrat brand for a generation after this. It'll shake every liberal assumption to its roots, and make that entire way of thinking radioactive.
And yes, the liberal MSM will cease to exist as we've known them. Books will be written about how they dug their own graves starting in the 1960's, and put the gun to their heads in 2008.