Election Summary: Balance of Power Unchanged

For now, uncertainty will probably continue as the newly re-elected president and re-elected Republicans circle warily and plot their next moves.

Election_CheckAfter $6 billion, two dozen presidential primary election days, a pair of national conventions, four general election debates, hundreds of Congressional contests and more television advertisements than anyone would ever want to watch, the two major political parties in America essentially fought to a standstill.

When all the shouting was done, the American people on Tuesday more or less ratified the status quo that existed at the start of the day: they returned President Obama to the White House for another four years, reaffirmed Republican control of the House and kept the Senate in Democratic hands. As of Wednesday morning, the margins in the House and the Senate had each changed by just a seat or two.

The bottom-line scorecard left Washington as divided as ever, with no resolution of most of the fundamental issues at stake. The profound debate that has raged over the size and role of government, the balance between stimulus spending and austerity and the proper level of taxation has not been settled in the least. The next two years could easily duplicate the last two as the parties battle it out.

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Source: Peter Baker | The New York Times