President Obama won re-election. Here is what I think it may mean for the following areas:
Economy
What his administration has done to tis point hasn't worked, so I don't expect anything his administration will do in his second term to work. The housing market is rebounding, but from what I can tell, the actions by his administration aren't responsible for the rebound. In this case, the speculators and families waiting to buy houses at bargain prices are the reason why the market looks like it is rebounding.
Energy
To put it directly, I think the U.S. population is going to get hosed with energy prices. The current Obama administration is pushing policies to make burning coal less viable, i.e. more expensive. Some energy companies have taken coal burning plants off line be of coal burning regulations the Obama administration is pushing. Given President Obama's stated desire to see gas prices rise to promote conservation, I don't see the Obama administration doing anything to encourage more oil drilling and exploration.
World Affairs
I have no clue. Until the Libya fiasco, I thought President Obama was doing a respectable job. His administration has been aggressive in killing terrorists and, frankly, I don't think there is much that can be done about the Middle East except wait for things to happen and then react. I fully expect Israel to take out Iran's nuclear capability with a lot of U.S. support. However, with Libya, it may have been a tragic comedy of errors that lead to the result, but the cover up is always what gets people in trouble.
Wait... He won re-election. What trouble?
Black Folks
It's just more feel good poster material for some Black people but nothing more and nothing less. I don't expect President Obama to push any "Black issues."
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