Although there are still some undecided states, US Democratic President Barack Obama looks to have been re-elected to a second four-year term, with most major news networks declaring him the winner over Republican candidate, Mitt Romney.
A win in the all important swing state of Ohio has helped to push him over the line. Ohio voters have now correctly picked the winning presidential candidate in the last 12 elections.
While the result is not yet official, President Obama believes that he is home, having tweeted the following over the past hour:
Florida is still undecided, but looks like it will fall Obama’s way as well.
Congratulations Mr President. Although, with the Fiscal Cliff fast approaching, and a Republican dominated house, we doubt that you will have too much time to celebrate.
Twitter: Leith van Onselen. Leith is the Chief Economist of Macro Investor, Australia’s independent investment newsletter covering trades, stocks, property and yield. Click for a free 21 day trial.
