George Soros announced he's sitting this election out. Bill O'Reilly doesn't believe him, but I do. Say you're a Republican donor who donated a few million in 2008. It probably didn't do any good and you wish you had that money back for this election. Even if you have a gazillion like Soros there are better places to donate your money that it'll actually have an effect.
Republicans didn't show up at the polls in 2006 and 2008. A number of Republican congressmen and senators lost, many of whom were perceived as RINOs and part of the problem. This year, they hope that replacing them with new Republicans will restore the party's principles. Progressive Democrats have been frustrated by the Blue Dogs. The lesson here is that if they sit the election out, the Blue Dogs will lose and they can elect progressives in 2012. I'm guessing they see that and won't be voting for those who've strayed from party orthodoxy.
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