Ah, the old game of interpreting numbers the way it suits your argument
But you don't take into consideration the following parameters:
1. The shift in numbers from Republican to Democrat.
2. The shift in demographics with regards to voting per race (Hispanics shifted to Democrat en masse)
3. The fact that the voting population did not change much in 4 years, taking into account those that passed away and those that were introduced into the voting pool.
So, are you looking for clues? It's in the 5.5 million gain in Democrats since 2004 and the whopping 5.7 loss in Republican voters since the last election.
Dubya delivered this election to Obama on a dish
More info:
http://www.fivethirtyeight.com
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