After George W. Bush won the Electoral Collage but lost the popular vote, the comic strip Doonsbury decided that his avatar would be an asterisk.
As Barack Obama comes out behind in national poll after poll, his campaign has turned its focus to the swing states. In other words, he has given up hope of winning the popular vote but still hopes to win the Electoral Collage, just as Bush did.
The difference is that Bush retained a Republican Congress. His weak showing in the popular vote did not give him much of a mandate but his party controlled two branches of government and had an often sympathetic Supreme Court. Even if Obama wins, the Democrats are likely to have a tiny majority in the Senate while the Republicans control the House and the Supreme Court continues to swing slightly conservative.
In 2001, Democrats were urging Bush to adopt Gore's positions and talking about the need to reform the Constitution and end the Electoral College. I doubt that they expect Obama to adopt any of Romney's positions. I wonder what they will say about reforming the Constitution?