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Fans of Obama rhetoric went into ecstasies last night over the president’s victory speech.
Here was the old Obama back: strong, confident, with his preacher’s cadences – appealing for a better future and reprising the themes that first shot him to national prominence in 2004: the unity of the nation, the ability to overcome the differences between red and blue America.
The fact that Mitt Romney also made a gracious and conciliatory speech and that senior Republicans are talking of finding compromises have led to some hopeful talk of a new spirit of bipartisanship, allowing America to skirt the fiscal cliff – and tackle a few other big challenges besides.
I’m afraid I don’t buy it. I think the Republican Party will return to Washington in an embittered and angry mood. Read more
Welcome back to the FT’s live coverage of the US Election 2012 as voters have re-elected Barack Obama over Mitt Romney. The Democrats will retain a majority in the Senate, while the Republicans will hold the house. Follow all the action with Shannon Bond, Arash Massoudi and Anjli Raval in New York (All times EST).
02.20: As the celebrations continue in Chicago, we leave you with these closing thoughts.
The President came into tonight’s election a damaged political figure with victory far from certain. He won with help of a unmatched grass-roots campaign and his direct appeal to a broad cross-section of America’s ever-changing demographics. He won’t enter his second-term in office with the same momentum in his sails but that’s not to say his challenges are any less daunting. Read more
Welcome back to the FT’s live coverage of the US Election 2012 in which US voters will choose between Barack Obama and Mitt Romney. As millions of Americans continue to head to polling sites around the country, some results will begin to trickle in shortly.
By Arash Massoudi and Anjli Raval in New York (All times EST)
19.00: Continue to follow our election live blog here.
18.55: How will markets react tomorrow? Michael Mackenzie, FT’s US markets editor, says bond traders believe Treasury yields are likely to fall if President Obama is re-elected as attention will focus on gridlock and the “fiscal cliff”.
“Traders think a Romney win would push the benchmark yield higher as the risk of a fiscal accident is reduced. For equities, the consensus view is that a relief rally beckons once the election result is finalised, with a Romney win pushing stocks even higher.”
Welcome to the FT’s live coverage of a momentous election in which US voters will choose between Barack Obama and Mitt Romney to lead them through a future of economic and political uncertainty. Here is our moment-by-moment reporting as months of bitter campaigning and rancorous rhetoric end, and voters finally have their say. By Anjli Raval and Arash Massoudi in New York and John Aglionby and Ben Fenton in London. (All times EST)
16.52 We’re going to take a short break before the polls start to close. Stay tuned for more live coverage on FT.com, which can be found here.
The polls have opened in the US and our liveblog is up and rolling. Here is some reading to get you through until the numbers start coming in:
By Gideon Rachman
Over the past few weeks, I have amused myself by betting friends that Mitt Romney will be elected president. The fun is in the shocked reaction from American liberals – and virtually all Europeans – who find the very thought of a Republican victory utterly horrifying. Even suggesting that a Romney presidency might be tolerable feels like telling Roman citizens that Alaric the Visigoth has been unfairly traduced
Welcome to the penultimate summary of media coverage of the 2012 US election campaign on a day when geography means nothing and psephology everything as the candidates make their final push for the few, surely very few, remaining undecided voters.
The polls on this last day of campaigning suggest President Barack Obama has a slight edge in the states he needs to hold – Ohio, Wisconsin, Iowa, Nevada – to keep the White House, but his opponent Mitt Romney is easily close enough for polls to be wrong and an upset to be possible.
RealClearPolitics.com shows “Obama (D)” ahead of “Romney (R)” by a sliver – half of a percentage point. Five national polls on Sunday gave the following margins: Obama +3; Obama +1; Obama +1; Tie; Tie. The possibility, last seen in 2000, of the victor losing the popular vote but winning in the electoral college, remains open. Read more
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Commentary on international affairs, with Gideon Rachman and his colleagues