WaPo[Opinion Page] Recommends Obama to Be a One Term President

Yes, you read it right, a one term President (and I agree):

This is a critical moment for the country. From the faltering economy to the burdensome deficit to our foreign policy struggles, America is suffering a widespread sense of crisis and anxiety about the future. Under these circumstances, Obama has the opportunity to seize the high ground and the imagination of the nation once again, and to galvanize the public for the hard decisions that must be made. The only way he can do so, though, is by putting national interests ahead of personal or political ones.

To that end, we believe Obama should announce immediately that he will not be a candidate for reelection in 2012.

If the president goes down the reelection road, we are guaranteed two years of political gridlock at a time when we can ill afford it.

Even the WaPo admits the election was a referendum:

We do not come to this conclusion lightly. But it is clear, we believe, that the president has largely lost the consent of the governed. The midterm elections were effectively a referendum on the Obama presidency. 

It pains them to say it, but their reasoning is to say:

We are convinced that if Obama immediately declares his intention not to run for reelection, he will be able to unite the country, provide national and international leadership, escape the hold of the left, isolate the right and achieve results that would be otherwise unachievable.

Now I don't believe doing so would isolate the right, but he would come to realize they were correct all along. You can not ignore the will of the people.