Obama has become only the third U.S. president to win re-election by a narrower margin than his first victory. Having won a second term, Obama will seek to set the nation's agenda on issues ranging from taxes to immigration, but he may continue to struggle in selling his ideas to Congress.
Winning matters. Having earned a second term, President Obama will attempt to build on and expand the agenda from his first, launching new initiatives on tax policy, education and immigration.
But having won the popular vote by a bare majority — and still facing a divided Congress — Obama may find it difficult to gather momentum for his policies.
Despite the close result in the popular vote nationwide, Obama wasted no time claiming vindication for his ideas. In his victory speech early Wednesday in Chicago, he tied his re-election to two centuries of American progress.
Transcript of President Obama's victory speech in Chicago. Source: Federal News Service
Editor's Note: NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future.
AUDIENCE MEMBERS: (Chanting.) Four more years! Four more years! Four more years! Four more years! Four more years! Four more years! Four more years! Four more years!
Originally published on Wed November 7, 2012 1:17 am
President Obama won re-election despite an economy struggling to recover from recession and deep reservations about his signature first-term achievement, the nation's new health care law.
NPR's Liz Halloran explained how Obama's campaign organization helped him overcome these and other challenges. Here, NPR reporters have more about his challenges and successes in the areas of the economy, national security, energy and health care: