The GOP increased their majority in the House of Representatives. The “progressive” Democrats held on to a slim Senate majority. Barack Obama still occupies the White House.

With fifty three House members demanding that Obama answer questions about the lethal, ham handed disaster in Benghazi and the equally bungled cover-up, do not expect a sudden flowering of bipartisan harmony.

Especially since the likes of Russian President Vladimir Putin have expressed happiness at Obama’s reelection. America will now find out what “more flexibility” means.

In the wake of Obama’s re-election, stocks nosedived across the board Wednesday morning, plunging over three hundred points. Worries about the pending “fiscal cliff” and fears that America will follow Europe over the precipice chilled investments. The Dow traded under 13,000. For the first time since early September the S&P 500 fell below 1,400.

Fears that Obama will introduce a carbon tax as a way to cut the U.S. budget deficit also frosted Wall Street. With the continuation of Obama’s hostile energy policies, perceptions that such a tax will have a major impact on America’s deficit are largely based on European style speculative wishful thinking.

Obama will attempt to reinstate Clinton-era tax rates on Americans who run small businesses; those described by Obama as “not paying their fair share”. Without the development of America’s domestic energy, a move that would create millions of jobs that could not possibly be shipped overseas, there is no reason to anticipate an economic boom in the United States. Without such a boom, Clinton-era tax rates will simply dampen investment, destroy small businesses and further damage the American economy.

The government’s $16 trillion debt and the looming $600 billion tax increase scheduled, along with mandatory spending cuts, otherwise known as the “fiscal cliff” further complicate the economic outlook.

Americans can fully expect that Obama’s second-term will lead to increased federal spending. As he did in his first term, Obama will expand government. Because he remains in the White House and “progressives” retain control of the Senate, obamacare will be fully implemented, yet another wet blanket on the economy, as well as a death sentence for aging Americans.

Welcome to the divided States of America.

While “progressives” celebrate a continuation of the downhill fundamental transformation of America from a Constitutional Republic into a run of the mill low growth high unemployment European style cradle to grave nanny state, half of the American population remain fully opposed to such plans.

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