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I just spoke with someone yesterday about this very topic. They were not happy with how Obama has conducted his presidency but they disliked Romney even more. They ended up voting for a 3rd party that had no shot winning. Their justification was that they were voting in a state that Obama was going to win regardless. Their vote was a "protest vote". I think many "protest votes" come in the form of not voting at all, no "blank", just not even leaving the house.