If it is, then his re-election was even more of a vote in favor his policies.

His re-election was largely due to the fact that Romney did not bring the Republican base out to vote. Fewer Republicans voted in 2012 than did in 2008. OTOH, I suppose that his re-election really was a vote in favor of his policies. All of the takers wanted to be sure that Santa would be around for another 4 years to dole out the "free" goodies.