Thursday, November 8, 2012

President Barack Obama Wins Re-Election Bid

President Barack Obama earns four more years in the Oval Office thanks in part to Pro-Obama voters among the "young, urban and minority group." Reports also showed that 80% of black voters supported Obama while 60% of white voters went for Romney which somehow hinted that the race issue still played a pivotal role in the elections.

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."


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