Obama Renews Lease on White House

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President Obama wins- again. Surviving a sluggish economy and a fractured electorate the President pulled off the victory, despite cries form the electorate that they desired a new change, but did not find Republican presidential nominee and former Massachusetts Governor, Mitt Romney a credible alternative.

Obama is the nation’s first African American president and scored a decisive victory by winning six of his election’s seven major battlegrounds states.

Obama’s win provides him the opportunity to see his health care law take full effect in 2014, a topic of much concern during both campaigns, while Romney unsuccessfully campaigned on the theme that his business background gave him the experience needed to guide the nation out of tough economic times.

Campaigning on the promise “Forward” the Obama campaign, along with Romney’s camp spent about 2 billion, marking this the most expensive election season in the history of America.

The race was called about 11:15 EST, just minutes after West Coast states closed their polls and after, arguably the biggest battleground state, Ohio was called for Mr. Obama.  No president has won election without winning Ohio, which helped eliminate Romney’s path to victory.

Other battleground staes the president won include Iowa and Colorado on his way to the 270 electoral votes he needed. Weeks before Election Day, the national unemployment rate dropped below 8 percent for the first time since Obama took office.  In past presidential campaigns, it’s been hard for an incumbent to win with high unemployment numbers, but Obama did it.

He not only did it, but he increased the Latino vote this year from his win margin of 2008.  This year Latino voters across America voted for him in the high 60 to early 70 percent range, while African Americans held a steady 93% slightly up for the 91% in 2008.

One key factor in Obama’s win came from political spending. The free-spending super PACs that the Supreme Court legalized in 2010. Outside groups, including super PACs, poured an estimated $350 million into the race on his behalf, with pro-Obama groups spending an estimated $100 million.

However, still three of Obama’s actions as commander in chief had played significant roles in his reelection:  According to the Washington Post, One was his decision to bail out the U.S. auto industry. In Ohio, a battleground where that industry is a major presence, 59 percent of voters in early exit polls favored the bailout. The second was his legislation behind the Dream Act, which offers some young illegal immigrants who were brought to the United States as children the temporary right to live and work in this country legally without the fear of being deported. In Florida, Obama won 60 percent of Latino voters, up three percentage points from four years ago, exit polls showed.

Finally, Obama inherited quick hurricane just days before E-Day.  Hurricane Sandy hit the east coast pretty hard, leaving lots of New Jersey and New York residents without power.  He worked very closely with New Jersey Gov. Chris Christie (R), a major Romney backer. In early exit polls, 42 percent of voters said the hurricane was an important factor in their vote: More than 60 percent of them voted for the president.

Obama will again be dealing with a divided Congress. Democrats maintained control of the Senate and Republicans likely will again control the House. Among the most pressing matters is the so-called fiscal cliff of tax hikes and spending cuts scheduled to hit in January. Economists have warned that if they aren’t averted, the nation could face another recession.

“While our journey has been long, we have picked ourselves up,” Obama told a cheering crowd of supporters in his home town of Chicago early Wednesday morning. “We have fought our way back. And we know in our hearts that, for the United States of America, the best is yet to come.”

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