Obama gets his second term

Obama, the post-partisan candidate of hope four years ago who became the first black U.S. president, won re-election by overcoming four years of economic discontent with a mix of political populism and electoral math.

“Tonight, in this election, you, the American people reminded us that, while our road has been hard, while our journey has been long, we have picked ourselves up, we have fought our way back,” Obama said in his victory speech in Chicago. “We know in our hearts that for the United States of America, the best is yet to come.”

Obama defeated Republican Mitt Romney, winning at least 303 electoral votes in yesterday’s election with 270 needed for the victory. With one state — Florida — yet to be decided, Romney had 206 electoral votes.

The president faces a partisan divide in Congress, with Republicans retaining their House majority while Democrats kept control of the Senate, and a looming fiscal crisis of automatic spending cuts and tax increases set to begin next year unless a compromise is reached.

Bloomberg

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell
Dean Popplewell

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