Barack Obama won a moderately close victory over Mitt Romney on Tuesday. But oddly, nothing much has changed. The country is still split nearly 50/50. There is still a Democratic president, and an almost identically Democratic Senate at war with an almost identically Republican House, in a Groundhog Day America.
Obama’s win did not really reflect affirmation of his first term, given that the president made only halfhearted efforts to defend Obamacare, the stimulus, huge Keynesian deficits, and his attempts to implement cap-and-trade. So if there is a second-term agenda, even Obama supporters don’t quite know what it will be. Unlike the hope-and-change campaign of 2008, Obama’s theme this time around was that George W. Bush had been awful and Mitt Romney would be far worse. The Obama campaign spent almost $1 billion to brand the latter as a veritable felon who callously let people suffer without health insurance.