No it is not the most important election, but it will be a huge setback for racial equality if Obama loses.
How?
Think about it?
The defeat of America's first black President. What message is that going to send?
Also, let's overturn that Amendment about having Presidents only serving two terms. After all, only allowing Obama two terms in office would be a huge setback for racial equality!
God forbid somebody votes against a non-white, only Ku Klux Klan people do that! Obama should stay in office forever, otherwise we are taking a huge step back in racial equality and segregation will become legal once more.