That large jump in the difference from 1984 and 1988 is interesting. Any guesses as to what caused that?
Beats me. Could just be that both candidates were seen as elitist. In 1980 and 1984 the candidates were significantly more "populist" and centered their campaign on less educated voters. In 1988 the campaign was centered on the suburbs.
What was the cause of that swing between 2004 and 2008 and then in back in the other direction in 2012?
Likely black turnout, but also less-educated whites and minorities.