The Obama '12 campaign is nothing but bunk. He wasn't talking about running (despite being in constant campaign mode 24/7) until people began to push the proof of eligibility more recently. He can't afford to not show some indication of having a second run or these remaining two years will be a big fat lame duck. It's all talk. Sure, he may get on the ticket and make all the primaries but somewhere, some time along the way he's going to step down. Now, whether he steps down quietly or he's hauled out in cuffs is anyone's guess.
I suspect Obama has known since last fall that the game is over. He told Michelle and she threw a fit. That’s when he took off his wedding ring and she took off with 40 of her closest friends to spend millions of taxpayers dollars on a vacation in Spain. Why else would she celebrate her husband’s birthday without him - she was angry that she’d only going to get 4 years in the White House.
Bo didn’t step up to the plate without expecting a second term right from the get go...and why he is always in the campagin mode. He has to be otherwise he’ll continue to loose credability with his supporters. Will he run...absolutely...for he will change the equation we see playing out now as his hope and change thingy is all about his adapting his stance and excusing his actions in such a way as to smell like a rose...and his followers will believe him...despite the facts.