Caixin OnlineOpinionMagazine ColumnistDean Baker After the Big Day, More of the Same
11.14.2012 11:34

After the Big Day, More of the Same

As the excitement over Barack Obama’s reelection victory recedes, one thing becomes clear: there is very little chance the economy will rebound in his second term
By Dean Baker

U.S. President Barack Obama won an extraordinary victory last week. Republicans have largely dominated the presidency over the last six decades. The Republicans have won most of the elections since World War II and they have won them by larger margins. In fact, only two Democrats have received a majority of the popular vote in this period: Lyndon Johnson in his landslide victory in 1964 and Barack Obama, twice.

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