Oh, there will be an election. Even Communist Russia had elections. They were sham elections, but they were elections. As Stalin said, "Those who cast the votes decide nothing. Those who count the votes decide everything."
If Obama wins a second term, he will do all in his power to stuff the ballot box by speeding up citizenship for the alien invaders, eliminating voter identification requirements, and selectively suppressing GOP-oriented voting groups, like he is doing with the military in Ohio.
If Obama wins a second term, what makes you think that the federal government in Washington DC will still be standing in 2016?