However, amid the jubilation in the Obama camp, the US market opened 150 points lower, although not related to election results in anyway, still portrayed a grim reminder of America's growing problems in terms of national debt, unemployment and bipartisan gridlock in the senate leading to a fiscal cliff which may result to a deep recession, analysts say.
That means, there will be no honeymoon period for the President as he continues to address these important issues before the year ends. On his second term however, analysts agree that Obama's agenda might be to create and protect his legacy perhaps through a stronger stance on race relations, says University of Houston sociologist Shayne Lee, and even immigration and corporate tax reforms, according to Obama's off-the record October interview with the Des Moines Register that was made public later.
Well, that is, if he can rally both the Republicans and Democrats in Congress to start acting on the $600 billion in spending cuts and tax increases to avoid the dreaded fiscal cliff!
Here's President Barack Obama's Victory Speech that touched on America's journey to recovery with the solemn hope that "the best is yet to come."