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Those numbers are a tad screwed up.

46% wouldn't vote for Obama in 2012
46% voted for McCain in 2008

53% voted for Obama in 2008
54% would consider voting for Obama in 2012

If those numbers hold, Obama gets a second term with about the same electoral vote margin he got in 2008.

Those numbers are not encouraging to the GOP candidate.

Furthermore, it is 46% of all Americans won’t vote for Obama, not likely voters.

In 2008, voter turnout was 57% of the voting age population, thus 43% of those who could vote, didn’t.

So, I could say that in 2008, at least 43% of all Americans didn’t consider voting for Obama (they didn’t consider voting for anybody).

Of the remaining 54%, only 31% stated that they would "definitely vote for" the President. That leaves only 23% of voters who would simply consider voting for him. Worse for the President, this means that 15% more Americans would never vote for him than vote for him.

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If those numbers hold, Obama gets a second term with about the same electoral vote margin he got in 2008. Those numbers are not encouraging to the GOP candidate.

Really? You seem to assume that all of the 23% "considering" will vote for Obama. They are the undecideds. I can't imagine worse numbers for Obama at this stage. There is still a long way to go, but these numbers are devastating. The Reps just have to get 5% or 6% of the undecideds and they will coast to victory.

Election day is still far away and the numbers can change dramatically, but to say that these numbers are not encouraging to the Reps is pure sophistry.