It looks like the race is over. Congratulations to Obama on winning reelection and for running a winning campaign.
Obamacare will now almost certainly remain law, and on a variety of economic issues including deficits and a balanced budget, the coming end of viable entitlement programs started from the New Deal on through the Great Society, Americans have made a choice. The road to fiscal responsibility will require some mix of higher taxes and reduced spending, and that road will likely be much harder to travel.
Under the current administration, the vast expansion of federal bureaucracy through agencies like the EPA and the IRS is likely to continue, and the effects will be felt on the relationships individuals have with their government as it increases its influence into their daily lives, including their ability to get jobs. We’re likely to see more top down, technocratic solutions to problems (more than Romney administration would have provided), more crony capitalism and more of the government trying to pick winners and losers. It’s not a good day if you believe that we Americans already have rights and freedoms, and it is the job of the government to secure life, liberty, and property, and leave much else to the rest of us.
Politically, we’re perhaps more likely than we would have been under Romney to face continued gridlock with a still Republican controlled House, a Democratic controlled Senate, and the current administration in place.
For whatever reasons, a slim majority of Americans through the electoral college (updated-and the popular vote) have chosen to face a particularly challenging and uncertain future for four more years with what is, in my opinion, a further Left, progressive President who hasn’t offered much more than what he already has.
Addition: A friend points out that there may at least be a chance at more compromise politically going forward, which would be a nice change, and at least the election and the constant political news cycles and hype will be over for awhile.
My two cents. Any thoughts and comments are welcome.