The sequester was a legislative tool designed to scare the Congress into doing its job. It clearly seems to have failed to produce this result. If it goes into effect, the sequester means across the board cuts in every agency of federal government with no ability to control what is cut and what is not.
This is a growing problem for all centre-right parties throughout the democratic world. People like the benefits of a larger state but don't want to have to pay for it (leading to moments like the now legendary 'Keep Your Government Hands Off My Medicare' Tea Party placard). You don't need to be an economic genius to understand that if you spend more while making less, you're going to run into debt problems eventually. And it's a problem the Republicans better come up with better answers to in 2016 if they want the White House back.
My faith in Obama was justified. We won again - and I don't mean just Obama, the Democrats or the people who voted for him. I truly believe that every man, woman and child - no matter what colour their skin, ancestry, faith or sexual orientation - has won something from the re-election of Barack Obama as the President of the United States.
Since starting to watch the election coverage over a range of different news channels on Tuesday evening I've listened to a lot of analysts try to suggest many different things, the most outrageous of all being Obama's second term will be that of a lame duck president. This is highly unlikely although how much social and domestic change takes place in the US over the next four years is open for debate. What is certain is that Obama will continue to pursue the economic policies of the last four years and that's where the continuity comes in.
Living in the UK, I'm more aware of what's happening in politics from Saudi Arabia to Russia, from Japan to France. Perhaps that's why I'm so fretful about what will happen if Mitt Romney is elected today. I see the attitudes espoused by him and Paul Ryan and wonder what the hell happened over there, that this team - with their retro view of America uber alles and scarily dismissive view of women's autonomy - are seen as the kind of people Americans want in charge.