President Obama has won four more years in the White House after beating his rival Mitt Romney in the presidential election.
Obama stepped up to the lectern to Stevie Wonder’s Signed, Sealed, Delivered, I’m Yours where he promised the American people that ‘the best is yet to come’ in his victory speech at a rally in Chicago.
As well as supporters as well as paying tribute to his wife, Michelle, his daughters Malia and Sasha and vice president, Joe Biden, Obama also addressed his estatic supporters: “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 and we know in our hearts that for the United States of America the best is yet to come.”
Obama made clear what changes he had in mind for his second term, which included changes in the tax code and immigration reform. Obama has also called for tax increases on households earning more than $250,000 to avoid massive cuts in defence and other domestic spending.
Obama now has a chance to a build a real legacy but also to aid a possible us economic recovery but he faces immediate challenges. He needs to find a way to avoid tax rises and spending cuts that are due to kick in at the end of the year and in his first term he will have to deal with a hostile, republican- led house of representatives.