Well! So Obama came back to be reelected after all. He has fooled me several times (an example is getting Obamacare), and here I had suggested he might be the best one-term president ever (http://stopcontinentaldrift.blogspot.com/2010/08/best-one-term-president-ever.html). I did, however, protect myself a bit in writing " Therefore I feel that President Obama probably will be a one-term president no matter his other outstanding accomplishments; however, we have learned that it is dangerous to count out The Comeback Kid." And so he did. There is concern that Obama has not outlined a visionary agenda for his second term, but there is much to his first term that still need to be consummated. A good example is that the Dodd-Frank bill is still being assimilated with maybe two-thirds of the regulations still to be decided. Obamacare is not yet fully implemented. And then there is the Dream Act still to be consummated as well as the infrastructure legislation among others. Also the "fiscal cliff" seems to need to be dealt with.
Will Republicans be more flexible in doing the nations' business? Mitch McConnell's stated primary goal of defeating President Obama's reelection didn't work out so well. Will Republican's somehow grow to love Hispanic Americans? Oh sure, they do have a few Republican Hispanic governors, Senators and Representative, but, after all, Obama did get 71% of the Hispanic vote. Are Republican's happy that they kept Elizabeth Warren from being head of the Consumer Protection Agency only to have her take away a Senate seat from them?
So it has happened again. As I type this, the stock exchanges are down big time although in 80% of the Democratic Presidencies, the S&P500 has been up and the DJIA almost as much.
It will interesting to follow. But it sure appears that Obamamcare is protected.
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