Obama fends off Romney, economy to win second term

November 7, 2012

obama_copy_copy_copy

Washington, November 7: Barack Obama captured a second White House term, blunting a mighty challenge by Republican Mitt Romney as Americans voted for a leader they knew over a wealthy businessman they did not.

Mr. Obama, America's first African-American President, easily captured far more than the 270 electoral votes needed for victory and further cemented his place in American history on Tuesday with a victory, despite having led the country through its most difficult economic times since the Great Depression in the 1930s, a time of stubbornly high unemployment and anxiety about the future.

Mr. Obama told a rally of cheering supporters that the election “reminded us that while our road has been hard, while our journey has been long, we have picked ourselves up, we have fought our way back. For the United States, “the best is yet to come,” he said.

Mr. Romney said he had called Mr. Obama to concede, and in an appearance before supporters in Boston he congratulated the president saying, “I pray that he will be successful in guiding our nation.”

Both Mr. Romney and Mr. Obama spoke of the need for unity and healing the nation's partisan divide. But the election did nothing to end America's divided government. The Democrats retained their narrow majority in the Senate, while the Republicans kept control of the House of Representatives.

That means Mr. Obama's agenda will be largely in the hands of House Speaker John Boehner, the president's partner in unsuccessful deficit talks.

Mr. Obama's narrow lead in the popular vote will make it difficult for him to claim a sweeping mandate. With returns from 79 per cent of the nation's precincts, Mr. Obama had 52.2 million, 49.5 per cent. Mr. Romney had 51.7 million, 49 per cent.

But Mr. Obama did have a sizeable victory where it mattered, in the competition for electoral votes. He had at least 303 votes to Mr. Romney's 206.

The President is chosen in a State-by-State tally of electors, not according to the nationwide popular vote, making such “battleground” states which vote neither Republican nor Democrat on a consistent basis particularly important in such a tight race.

Mr. Obama won Ohio, Wisconsin, Virginia, Iowa, New Hampshire, Colorado and Nevada, seven of the nine battleground states where the rivals and their allies poured nearly $1 billion into dueling television commercials.

Of the nine battleground States, Mr. Romney captured only North Carolina. The final swing State Florida remained too close to call.

The election emerged as a choice between two very different visions of government whether it occupies a major, front-row place in American lives or is in the background as a less-obtrusive facilitator for private enterprise and entrepreneurship.

The economy was rated the top issue by about 60 per cent of voters surveyed as they left polling places. But more said former President George W. Bush bore responsibility for current circumstances than Obama did after nearly four years in office.

About 4 in 10 said the economy is on the mend, but more than that said it was stagnant or getting worse more than four years after the near-collapse of 2008. The survey was conducted for The Associated Press and a group of television networks.

Polls were still open in much of the country as the two rivals began claiming the spoils of a brawl of an election in a year in which the struggling economy put a crimp in the middle class dreams of millions.

While Mr. Obama spent the final day of his final campaign in Chicago, Mr. Romney raced to Ohio and Pennsylvania for Election Day campaigning and projected confidence as he flew home to Massachusetts. “We fought to the very end, and I think that's why we'll be successful,” he said, adding that he had finished writing a speech anticipating victory but nothing if the election went to his rival.

But the mood soured among the Republican high command as the votes came in and Mr. Obama ground out a lead in critical States.

obama1

Earlier:

Obama wins second term

Washington, November 7: President Barack Obama won re-election on Tuesday night despite a fierce challenge from Republican Mitt Romney as well as the weak economy and high unemployment that encumbered his first term and crimped the middle class dreams of millions.

The President sealed his victory in Ohio, Iowa, New Hampshire and Colorado, four of the nine battleground States where the two rivals and their allies spent nearly $1 billion on dueling television commercials.

“This happened because of you. Thank you,” Mr. Obama tweeted to supporters as he secured four more years in the White House.

Ultimately, the result of the brawl of an election campaign appeared likely to be the political status quo. Democrats won two more years of control of the Senate, and Republicans were on track to do likewise in the House.

Mr. Romney was in Massachusetts, his long and grueling bid for the presidency at an unsuccessful end.

The 51-year-old first African-American President was projected by television channel CNN as having won the second term with 274 electoral votes after exit polls gave him California in west coast which has 55 electoral votes.

It projected Mr. Romney has having secured 201 votes in an electoral college of 535 votes. The winner has to garner at least 270 votes.

Till California was called, Mr. Romney had a comfortable lead over the President with another crucial state Florida saw a tight race between the two with a slight edge for Obama. Florida has 29 electoral votes.

CNN projected that Pennsylvania with 20 electoral votes would go to Obama, while it predicted that Republicans will keep control of the US House of Representatives.

CNN also projected that the powerful U.S. Senate will still be controlled by the Democrats.

Moments after network predicted his victory, Mr. Obama went online to thank voters for giving him a second term.

“This happened because of you. Thank you. Four more years,” Mr. Obama tweeted on his official account.

As television networks projected that Obama was on the road to victory once again, his supporters flooded the campaign headquarters in Chicago, the hometown of the President. Celebrations erupted as Democrats raised slogans and reveled in victory.

Hundreds and thousands of supporters of Mr. Obama across the country from his home town Chicago to Times Square in New York erupted in celebrations.

Official results are yet to be declared and Romney is also yet to concede defeat.

obamasu

President Barack Obama's supporters cheer at his election night party late Tuesday in Chicago.


Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 17,2020

Jul 17: US President Donald Trump has said that he wants to do everything possible to keep peace for the people of India and China, according to his spokesperson

Over the past several weeks, the Trump administration has come out in support of India against China.

“He (Trump) said I love the people of India and I love the people of China and I want to do everything possible to keep the peace for the people,” White House Press Secretary Kayleigh McEnany told reporters at a news conference here on Thursday.

She was responding to a question on Trump’s message to India, which recently had a standoff with China in eastern Ladakh along the Line of Actual Control.

Earlier in the day, White House Economic Advisor Larry Kudlow described India as a great ally, saying President Trump is a great friend of Prime Minister Narendra Modi.

On Wednesday, Secretary of State Mike Pompeo said that India has been a great partner of the US.

“India has been a great partner… They are an important partner of ours. I have a great relationship with my foreign minister counterpart. We talked frequently about a broad range of issues. We talked about the conflict they had along the border with China. We've talked about the risk that emanates from the Chinese telecommunication infrastructure there,” Pompeo told reporters in response to a question.

Travelling in Europe, US National Security Advisor Robert O’Brien told reporters that China has been very aggressive with India.

O’Brien said that India is a democracy and is a great friend of the United States. Prime Minister “Modi and President Trump have a super relationship,” he said.

“In fact, it was the last foreign trip that I took with the president before the COVID-19 crisis hit, was to India, and we had a great reception of the Indian people there. We have a lot in common with them, we speak English, we're democracies. We've got a growing, very strong relationship with India,” O’Brien said.

Welcoming the White House statement, Al Mason, co-chair of the Trump Victory Indian American Finance Committee, said that unlike his predecessor, President Trump has come out openly in support of India.

“Most of the Indian-Americans have observed that every earlier president - be it a Democrat or Republican, like Clinton or Bush Senior or Bush Jr or Obama have been very scared to side with India openly, for fear of hurting China.

“Only President Trump has had the courage to say that… I love India, America respects India… US stands with India - and that also, to over one billion Indians in India at the Namaste Trump rally held in India… and that too… near India’s neighbour China,” Mason said in a statement.

“And he is consistent in his love for India and Indian-Americans,” he added.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
March 15,2020

Jakarta, Mar 15: Indonesia's transport minister is in intensive care after testing positive for the novel coronavirus, an official has said, as schools and tourist attractions were ordered to close over the health threat.

Transportation Minister Budi Karya Sumadi was receiving treatment at an army hospital in Jakarta, State Secretary Pratikno said on Saturday.

A hospital spokesman said Sumadi was encountering difficulty breathing but that his condition was improving.

Pratikno said Sumadi was involved in virus mitigation efforts, particularly the evacuation of Indonesians from epicenters of the outbreak, and that President Joko Widodo had called for tests to be carried out on other ministers.

Cases of the virus in Indonesia, the world's fourth most populous country, have jumped from zero two weeks ago to 96, with five deaths, according to government spokesperson Achmad Yurianto.

He also said the virus has spread outside Greater Jakarta to Bandung in West Java, Solo in Central Java, Manado in North Sulawesi, Pontianak in West Kalimantan, as well as holiday havens Yogyakarta and Bali.

Following the increase, the government on Saturday established a task force on COVID-19 mitigation.

Jakarta's Governor Anies Baswedan announced that schools would close for two weeks starting Monday, and ordered the closure of city-owned tourist attractions, such as Ragunan Zoo and Ancol beach.

He emphasized that Jakarta would not be locked down but urged people "to be responsible" and called for social distancing when possible.

Similarly, the administration of Solo, Central Java, Friday announced that schools and tourist attractions would close after a coronavirus patient died in the region.

The World Health Organization has said it is particularly concerned about high-risk nations with weaker health systems, which who may lack the facilities to identify cases.

A day after declaring the coronavirus outbreak to be pandemic this week, WHO chief Tedros Adhanom Ghebreyesus called Indonesia's president Widodo and both agreed to "scale up cooperation."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
June 16,2020

India continues to remain ranked 43rd on an annual World Competitiveness Index compiled by Institute for Management Development (IMD) with some traditional weaknesses like poor infrastructure and insufficient education investment keeping its ranking low, the international business school said on Tuesday.

Singapore has retained its top position on the 63-nation list.

Denmark has moved up to the second position (from 8th last year), Switzerland has gained one place to rank 3rd, the Netherlands has retained its 4th place and Hong Kong has slipped to the fifth place (from 2nd in 2019).

The US has moved down to 10th place (from 3rd last year), while China has also slipped from 14th to 20th place. Among the BRICS nations, India is ranked second after China, followed by Russia (50th), Brazil (56th) and South Africa (59th).

India was ranked 41st on the IMD World Competitiveness Ranking, being produced by the business school based in Switzerland and Singapore every year since 1989, but had slipped to 45th in 2017 before improving to 44th in 2018 and then to 43rd in 2019.

While its overall position has remained unchanged in the 2020 list, it has recorded improvements in areas like long-term employment growth, current account balance, high-tech exports, foreign currency reserves, public expenditure on education, political stability and overall productivity, the IMD said.

However, it has moved down in areas like exchange rate stability, real GDP growth, competition legislation and taxes.

Arturo Bris, Head of Competitiveness Center at IMD Business School, said India continues to struggle on the list and the recent country rating downgrade by Moody’s reflects the uncertainties regarding the economy’s future.

"In our ranking this year, we again emphasize the traditional weaknesses of India -- poor infrastructure, an important deficit in education investment, and a health system that does not reach everybody. For India to follow the path of China, it must stress its intangible infrastructure," Bris said.

"In a less global world, with China, USA, and Europe looking inwards, currencies like the rupee (and the Brazilian real for instance) are going to suffer and display high volatilities.

"Moody’s has threatened the country with a downgrade to junk and that would put India in a terrible position to attract foreign capital. So the urgency for the government should be to fix the short-term problems—and this requires to improve the credibility of the government itself," Bris added.

With the exception of Singapore, the Philippines, Taiwan and the Korean Republic, most Asian economies dropped in rankings this year, the IMD said.

The reason for the Asian economies’ less stellar performance as a region, this year is partly the result of the trade frictions between China and the US, particularly because these economies are highly dependent on trade with China.

About Singapore, which moved to the top rank last year, the IMD said its position is largely driven by the relative ease of setting up business, availability of skilled labour and its cutting-edge technological infrastructure.

The IMD said the impact of COVID-19 on the competitiveness ranking has partially been captured by executives’ opinions about the effectiveness of the different health systems.

In the ASEAN countries included in the survey, only Singapore and Thailand have a positive performance in the effectiveness of the health infrastructure.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.