Barack Obama wins presidential election for a second term

President Barack Obama won for a second term in the White House by defeating his opponent – Republican Mitt Romney. Obama in his victory speech said that in his second presidential term he would reach out to Republicans. He further called on for a compromise and pledging to work with leaders of both the parties to reduce the deficit, to reform the tax code and immigration laws and to cut dependence on foreign oil.

President Barack Obama delivered the victory speech at McCormick Place convention center in Chicago that stuck on to the themes about his rise to top of the American politics and that there is more that unites Americans than that divides them. This election battle was quite long, bitter and expensive with the nationwide popular vote that remained extremely close with Obama taking about 50 percent to 49 percent for Romney. The election campaign resulted in both candidates and their party allies combined spending an estimated amount of $2billion. President Obama scored impressive victories across the country so much so that the big build up over Ohio, Florida and Virginia just tapered out.

Obama reached the 270 electoral votes needed for presidential victory even without those three states. The winning was further strengthened with rolling up wins in Democratic strongholds that included Nevada, Iowa and Colorado. In the end, Obama won Ohio, Virginia and was far ahead in Florida.

Mitt Romney – the 65-year-old former Massachusetts governed conceded to his defeat in a gracious speech that was delivered to his disappointed supporters at the Boston convention center saying that this is a time of great challenge for the nation and would pray that the president will be successful in guiding the nation. He further warned against partisan bickering and requested politicians on both sides to put the people before the politics.

American voters go to polls to give their final verdict

The curtains are almost down after a long and bitter White House campaign with Americans began casting their votes on Tuesday with polls showing President Barack Obama and Republican challenger – Mitt Romney in a neck and neck election that will be decided in a handful of states. The voting is currently underway in twenty-six states in the United States to elect their 45th president of the country. Polling has already opened in most eastern states and is slated to commence in mid-western states. The states currently undergoing voting include Ohio and North Carolina. Voting will begin in Florida within a few hours.

Vice president Joe Biden voted along with his wife just a short while ago in Delaware. This election is a close race between the U.S. President and Democratic Party candidate Barack Obama and the Republican Party nominee Mitt Romney for 538 Electoral College votes. To be a winner, the candidate needs 270 electoral votes. The results depend upon the Electoral College in which each state is given a number of electoral votes in a rough proportion to its population. The outcome of the election will rest on a thin margin based on few key results.

Getting ready for election 2012

Ahead of the 2012 presidential elections, American politics is already experiencing a little pressure with the candidates of the upcoming election trying to take the first spot in the public eyes. The United States presidential elections are to be held on Tuesday the 6th of November of this year. The pressure of the elections and its outcome is building up on the competitors; Barack Obama is being challenged by Mitt Romney who is the former governor of Massachusetts. The others comprise of Libertarian party nominee Gary Johnson who is also the former governor of New Mexico.

The first sign of the pressure building up was seen when Mitt Romney criticized president Obama’s comments to the business owners. The current US president is believed to have said that the business owners of America owe their success to the support extended by the US government to them. He also talked about the increase in the tax payable by them towards the government. He said that some part of appreciation of the success of the business owners should also be given to the government for its efforts. Mitt Romney supporting the entrepreneurs criticized the President saying that these people work hard and relentlessly for the nation’s growth and are the backbone of the country.

Obama and Romney tussle over tax-cuts

President Barack Obama and Republican hopeful Mitt Romney are clashing over the economy and the debate has heated up with rhetoric over the Bush-era tax cuts. Obama has challenged Romney to join him in allowing tax hikes for rich Americans like themselves, needling his rival on Tuesday to compromise in order to help the middle class. Romney dismissed the idea by returning to the sensitive topic of outsourcing and called Obama “outsourcer-in-chief”.

Iowa and Colorado are the two areas drawing intense campaign attention with both Obama and Romney fighting for any advantage. While Obama directed his talk towards taxes, Romney focused on redirecting the charges that he has sent jobs overseas when he was working in private equity. Romney said, “He’s run some interesting attack ads on me on that topic, It is interesting that when it comes to outsourcing that this president has been outsourcing a good deal of American jobs himself, by putting money into energy companies that end up making their products outside the United States”. The former equity executive was under heat from within his own camp over his response to the relentless attacks that he shipped jobs overseas and his staff distributed a newspaper story critical of Obama’s outsourcing record. Romney said about the President, “If there’s an outsourcer-in-chief, it’s the president of the United States, not the guy who’s running to replace him”. And to back up the claim with proof Romney’s camp cited a Washington Post story which describes the ongoing trend of shifting American jobs to low-wage countries even during Obama’s tenure. However, all this rhetoric does little to change the fact that the economy has stalled and Washington is deadlocked and it’s a tight race in the election. President Obama who is facing the pressure of re-election with high –unemployment has shifted blame to the Republicans over looming tax increases.

Obama versus Romney – A personal warfare

President Barack Obama has hit the road with a campaign speech in Ohio on Friday and on  the same day, the government job report showed little growth and unchanged unemployment rate.  The main emphasis of the Obama’s campaign strategy is to talk about the economy only when necessary and spend as much time as possible in unraveling the Romney’s secretive and corporate background. Both Obama and Romney talk of economy but both of them fall on to the respective personal prejudices.

The latest Washington Post – ABC News Poll shows that the voters’ preference was deadlocked at 47%. Obama is considered to be more likeable than Romney that consists of 63-27 per cent. Obama has ten point lead when people were asked who better understands the economic problems the people are having. The utmost challenge for the president remains to turn attention away from the negative publicity that he is receiving on his performance and the way for this is to dig the history of Romney which President Obama actually admitted in his election campaign.

While President Obama is scrutinizing the Romney’s past, Romney on the other hand has aimed his criticism not at Obama’s personal background but rather on the economy over the past three years. The Republican National Committee has retaliated Obama’s attack on Romney with a graphic representation that showed a drop in the number of jobs added each month since January along with the quotes from the news reports checking the accuracy of Obama’s claims.

Mitt Romney charges Obama of telling brutal lies on Bain Capital

The latest advertisement campaign from the stables of Romney campaign cries “So shame on you, Barack Obama!” in a hoarse voice in the latest Television ad footage that was broadcast only in Ohio. But the voice does not resemble the Republican Party’s nominee Mitt Romney but to Hillary Clinton. This footage was lifted from the bitterly contested Democratic primary campaign of 2008 when Clinton was the Senator and now President Obama’s staunch and loyal secretary of state complaining about the Illinois insurgent spending millions of dollars creating falsehood.

The advertisement further adheres that the man who went on to win the presidency first attacked Clinton of “vicious lies”. The advertisement also mentions a Washington Post column of last month that spoke against a particular Obama attack ad campaign against Romney as “untrue, misleading and unfair”. The latest ad campaign wants to protect the interests of its candidate from the barrage of attacks that he is faced when he was involved in the private equity career at Bain Capital.

This Obama ad campaign heavily relied on the Washington Post news articles that were published in June-21 which reported that the six companies that Bain invested in during Romney’s tenure at the firm were “trailblazers” in the rising trend of outsourcing U.S. jobs to foreign countries like India and China.

America’s Dire Financial Crisis

It is quite obvious that Mitt Romney is going to win the GOP nomination and battle Barack Obama for the presidency of the United States of America.  Some people say that they are basically the same candidates that are bound by the same bureaucratic dogma, just in different ways of platform, expression and rhetoric.  However, there are striking differences between the two that are worth mentioning.  For instance, Mitt Romney has ample experience in the corporate sector while Obama’s predominant experience is dealing with our ailing economy, which isn’t pretty.  But is it his fault or George W. Bush’s blame that we are in such a dire financial crisis?   In a poll it said that 54 percent of people said that it was Bush’s fault, while 29 percent blamed Obama.  Regardless of who is to blame, something has to be done because hardworking people are close to losing their mortgages and on thin ice.

Obama backs public health expert for World Bank top job

Jim Yong Kim, 52, a Korean American was nominated as the head of the World Bank by Barack Obama on Friday. Kim is president of Dartmouth College and also a former director at the World Health Organization. Robert Zoellick, the current President steps down at the end of June.

Ngozi Okonjo-Iweala, Finance Minister of Nigeria and former Colombian finance minister Jose Antonio Ocampo were also nominated but the candidate backed by US is expected to win. Obama said that Kim had worked from major countries, capitals and small towns. He also added if anyone is willing to work hard and lookout for others, they can go any distance. The World Bank Presidency in the past has had many candidates from political circles and this nomination comes as a surprise.

Okonjo-Iweala, economist and diplomat, will be supported by emerging countries like Angola, Nigeria and South Africa in order to have the bank’s focus more on their economic growth than poverty-fighting. Another nominee, Jose Antonio Ocampo, was nominated by Brazil to overturn the tradition of having an American as President. “It is not a slam dunk. It is not an obvious choice,” said Arvind Subramanian, a former IMF official about the US nomination. He also said there will also be assessments of merits of the candidates, debates and the direction of the bank’s focus.

The nuclear standoff in the Middle East

The dialogue between the west and Israel continues on methods of containing Iranian Nuclear ambitions. President Barack Obama has appealed once again to Israeli president Benjamin Netanyahu on Monday to allow sanctions imposed on Iran to some time to work on curbing Iran’s nuclear ambitions.

Israel is at present the only openly nuclear armed country in the middle east, Iran also has nuclear technology which it says it is using for peaceful purposes such as generating electricity.  There is much speculation about Iran’s ambitions towards nuclear armament in the west with Iran adamant that its nuclear program is peaceful and Israel and a few other countries suspicious that that is not the whole truth.

Thought there is no concrete evidence that Iran has nuclear weapons, it has been enriching uranium, and in November 2011 weapons inspectors from the United Nations indicated that they felt that Iran was on its way to getting nuclear weapons and the International Atomic Energy Agency released some evidence that it feels makes a strong case that Iran is developing a nuclear device. This resulted in the imposition of sanctions against Iran to try to stop a military angle to their nuclear program.

Obama in New Hampshire to Talk Energy

As the Republicans try to deny Obama another term as president using the rising oil prices, Obama goes to his Republican rivals own backyard of New Hampshire. Obama is trying to deal with the criticism he has been receiving over the past few weeks for the rising prices. The president agrees that he is aware of the steep increase but also said that there is very little he could do that would provide immediate relief.

With the gasoline prices rising from $3.39 every gallon a year ago to $3.74 this year and the brewing political tension in the Middle East translates to more leverage for the Republicans. The President is looking to repeal the unwarranted $4 billion in annual subsidies that are handed out to oil and gas companies. This will urge the congress to take a vote quite immediately.

 

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