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For my more ambitious dreams, Obama thinks doing a good job will be in his best interest and governs as such.
What is a good job? Cheap, clean, abundant energy has to be the centerpiece of any answer. An economic order where folks can provide for their families. Civil rights and human rights protected by government rather than violated, which is the norm in recent times.
The main battlefront of the Left is cultural, not electoral. Until there is something approaching the grass roots ferment and enlightenment of the Counter Culture it would be immoral for any Progressive to withhold support for Obama. The world situation is too dire for the Right to have any hope at power.