Due to the issuing of an unusually high number of provisional ballots (around 350,000 each) caused by controversial new voter ID laws Ohio (18) and Florida (29) are not expected to finish their counts and award their electoral college votes until November 17th. However with Obama currently leading Romney by 303 electoral college votes to 206 this difference of 47 votes is not enough to alter the result so Obama wins. The Democrats retain the senate and the Republicans retain the House of Representatives meaning that there is likely to be further deadlock in Washington over the budget which will possibly push the US over the so-called 'fiscal cliff.' This is why the New York Stock Exchange has plunged some 300 points on the news of the election result.
So yeah the American voters - nowhere near as stupid as the George W Bush years would have had you believe.
16:30 on 7/11/12.
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