2012 Election Post Mortem

Election 2012 is behind us and now begins the task of dissecting it. President Obama won reelection. He won the popular vote narrowly and the electoral college much more comfortably. Democrats kept their senate majority easily with 55 seats to Republicans 45, a gain of 2. But Republicans held the house with seats to spare, taking at least 233 seats to Democrats 194 so far, a net gain of 9 seats for the Democrats if they win all the seats yet to be declared.
As polls declared Obama regaining momentum in the past few days many conservatives declared the polls were wrong, saying these they were based on flawed turnout models and that Romney would have at least a few more points than they declared. Some, like Dick Morris even said Romney would win in an electoral landslide.
But the polls were right, the turnout models were accurate and Romney could not reach 270 electoral votes.
So how did Obama win? It looks like Obama repeated the turnout model of 2008. If this model is permanent it bodes ill for the future of our nation.
In Obama's first term he delivered four years of deficits over $1 trillion, added $6 trillion to the debt and left unemployment at 7.9%, with real unemployment well over 10%. To add to that, under his watch America's credit rating was downgraded for the first time in history, not once, but twice.
What will a second Obama term look like? For at least 2 years Republicans have the House, so they can stop new regulations that would kill business, like another Obamacare type bill: Card Check for example.
But Obama will let the Bush tax cuts expire which means higher taxes, and despite his conciliatory tone in his victory speech he will not reach across the isle. And he will not cut spending, he had a chance to do that and didn't with the debt ceiling showdown. So we could see the debt reach $20-22 trillion in the next four years. We very well could see at least one more credit downgrade in the next four years.
There is also the possibility that a conservative justice could retire sending the courts far to the left.
On the international front countries like Russia and China will get whatever they want, even if it is catastrophic to our national security, and Iran may get its nukes.
The worst part of this is if the new turnout model is permanent it will have to get a whole lot worse for a Republican to win in 2016. America will be weaker economically and militarily. We may well see the beginning of the end of America as a superpower.