Coburn believes Obama when he says he will do something meaningful to reform entitlements if he has a second term. Coburn sounds like he's pulling for an Obama win. Coburn knows the presssure of complete control by the GOP means they would have to make radical changes or face the public's wrath and distrust for decades. I don't think status quo Republicans want to limit government power, so they will settle for pretending they can work with Obama if they gain some seats in congress. The statist Republicans don't want a Romney win.
I have news for Coburn. If he and his statist buddies in the GOP work to maintain the status quo, they will not last much longer in congress. It will be their careers that suffer from mistrust, as the Republican Party transforms to limited government advocates and free market champions.
It will be interesting. If the Coburns and Cantors and McConnells win, then we can look forward to a third party. Something will change, one way or the other.