It wasn't a great night for the Republican Party, losing bids for the White House and control of the Senate. Republicans did retain the majority in the House, and House Speaker John Boehner found consolation in that. Speaking to supporters last night, he remained steadfast in his pursuit of a conservative agenda.
Now, four years ago, the most surprising state on the electoral map was Indiana. That Republican-leaning state went for President Obama. Last night, Indiana returned to the Republican column for Mitt Romney, also elected a new Republican Governor, Mike Pence. But Indiana did not vote Republican for U.S. Senate. Richard Lugar, the longtime incumbent, lost a primary earlier this year, and his replacement on the Republican ticket lost last night.
More than an hour before taking the stage to formally announce his re-election, @Barack Obama tweeted his victory. He wrote, "This happened because of you." Obama was one of millions of people who tweeted on Election Day. Traffic on the social networking site peaked at 11:19 p.m. Tuesday when the TV networks called the race.
The economy has been a central issue in this presidential election, but it has been improving little by little. In the end, President Obama handily rolled to reelection, pledging, last night, to complete the country's recovery. For more, we turn to economic correspondent John Ydstie. Good morning.
JOHN YDSTIE, BYLINE: Hi, Renee.
MONTAGNE: Now, the weak economy was what Republicans hoped would unseat the president and that did not happen. What are the reasons for that?
Media companies are counting themselves among the winners in the 2012 election. SuperPAC spending on political ads will push the total amount spent past 2008 totals. The biggest beneficiaries are the usual suspects: Comcast, Disney, NewsCorp and CBS, but also locally owned TV and radio stations — especially those in swing states like Ohio and Florida.