Soccer moms also voted for Obama due to more affordable loans on cooperative apartments and homes. Re-financings are also cheaper. Obama did better with hispanic voters due to his position on the Dream Act.
Americans were tuned in: 50 million people watched the first presidential debate, and 60 million or more watched the second. During the second presidential debate, Candy Crowley gave the candidates a chance to weigh in on the question of reducing unemployment to below 6 percent. Both candidates waffled on this issue.
Romney discussed creating 12 million new jobs; however, the American population has increased by more than 12 million people since the year 2000. At bottom, people are living longer and large numbers of immigrants continue to come to the United States.
President Obama has reduced unemployment from a high of 10.5 percent just months into his first term, to a low of 7.8 percent recently. That's a 2.7 percent overall improvement from the height of the recession until now.
Warren Buffet came closest to answering the full employment question when he stated in 2008 that the housing glut would clear in the 2013 to 2014 timeframe. At that time, more people will buy houses and the economy should pick up more dramatically as a result of the impact of the home buying on related industries such as materials.
On election day, Americans voted in President Obama and a Republican House. Essentially, people want a president who will not get us into more wars together with a House that will be fiscally conservative.