Barack Obama on Tuesday night was re-elected U.S. president, defeating Republican opponent Mitt Romney after an intensely close race for the White House. Obama has promised to invest in clean energy and education in a second term, as well as raise taxes on wealthy Americans to help pay down the deficit. Victory in the key state of Ohio helped Obama win on Tuesday night
Here is what I earlier wrote
In a close battle, the incumbent have the edge. This is because they hold the political machinery which can be used to their advantage through whatever means
So President Obama’s behind the scenes election stratagem through the US Federal Reserve or team Ben Bernanke’s QE forever and government spending boosted statistical growth worked.
In a choice between two statists, the snookered American electoral system fell for the status quo.
As I previously noted
At the end of the day, regardless of whoever wins, US policies will remain embedded to the interests of the political economic establishment. Changing personalities who runs the same show hardly accounts for a change in the system.
Plus ça change, plus c'est la même chose