November 7, 2012

OBAMA VICTORY COMES WITH NO MANDATE, writes veteran former AP hand Ron Fournier at the National Journal:

Barack Obama won a second term but no mandate. Thanks in part to his own small-bore and brutish campaign, victory guarantees the president nothing more than the headache of building consensus in a gridlocked capital on behalf of a polarized public.

If the president begins his second term under any delusion that voters rubber-stamped his agenda on Tuesday night, he is doomed to fail.

Mandates are rarely won on election night. They are earned after Inauguration Day by leaders who spend their political capital wisely, taking advantage of events without overreaching. Obama is capable—as evidenced by his first-term success with health care reform. But mandate-building requires humility, a trait not easily associated with him.

“The mandate is a myth,” said John Altman, associate professor of political science at York College of Pennsylvania. “But even if there was such a thing as a mandate, this clearly isn’t an election that would produce one.”

Meanwhile, ZeroHedge warns: Next Steps: Fiscal Cliff.

RELATED: “Dems believe US dramatically undertaxed. Obama means to change that,” JimPethokoukis tweets.