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The key is white working-class Southerners. A lot of them have favorable views of Clinton and agree with Democrats about most issues, but have an aversion to a black candidate. That's visible in the data, but you also have a lot of anecdotes to support it. McCain/Romney would have won that group even if Obama were white, but not by the same margin. I don't see any comparable benefits that Obama had. I don't think it was a huge factor, and obviously Obama won anyway, but I think it's clear that to the extent that race mattered, it worked against him.
I think I read some anecdotal BS about greater black voter turnout voting for Obama, but it was marginal... which I would group the "white working-class Southerners" into as well, since I think there are more blue collar southerners who vote Republican than moderate democrat.