President Obama won a second term. How did he get there? And what should he do now? Roosevelt weighs in.

Thomas Ferguson, Roosevelt Institute Senior Fellow, Professor of Political Science, University of Massachusetts, and Contributing Editor, AlterNet:

Now that it’s over, it’s time to take stock. All counts are incomplete, but something like 116 million votes were cast. The presidential election alone cost about $2.6 billion, or a bit more than $22 dollars per vote. But that money wasn’t spread evenly over America; in battleground states like Ohio, the sums per voter were much larger. Now look at the exit polls in today’s New York Times. Yes, indeed, Obama did very well among women, Latinos, and African-Americans. But in sharp contrast to 2008, the partisan split along income lines is huge. Obama’s vote percentage declines in straight line fashion as income rises. He got 63 percent of the votes of Americans making less than $30,000 and 57 percent of those making between $30,000 and $50,000. Above $50,000, the Other America kicks in. Romney won 53 percent of the votes of Americans making between $50 and $100,000 and 54 percent of the votes of Americans making above $100,000. The Democrats’ poor showing in the House elections – they way under-performed for a party that had lost so many seats two years before – probably reflects a Republican advantage in money, including the famous Super PACs, some of which poured resources into congressional races. It was surely also affected by the White House’s reluctance to spend time and resources trying  to elect Democratic House candidates. As the president negotiates for a Grand Bargain in the face of the fiscal cliff, these are realities that are worth remembering

Jonathan Silverstone, Roosevelt Institute | Campus Network member and sophomore at Yale University:

In the months leading up to yesterday's reelection of President Barack Obama, both candidates said very little about a critical issue in the ongoing economic recovery: housing. Yet President Obama’s reelection can certainly provide affordable housing advocates hope in the face of some of the things Governor Mitt Romney had to say on the campaign trail. Eliminating the Department of Housing and Urban Development and scaling back key grant programs were just two of the possible policies a Romney administration may have enacted had he won the presidency. While this general direction for the federal government has been avoided, there is a larger issue at hand.

A report by the Institute for Children, Poverty & Homelessness demonstrates just how urgently we need a policy solution to the fundamental lack of affordable housing. It points to HUD figures that show a growing gap between low-income housing demand and current low-income housing stock during a time of increasing rates of homelessness in America. This gap reached 5.5 million units in 2009. The Obama administration must act to ensure demand for affordable housing is met and to assist low-income households in being able to afford this housing.

More immediately, the broad budget cuts constituting January’s scheduled sequestration present the president with a much more pressing housing issue. If Washington does not devise a budget compromise, multiple key housing programs that help fund public housing operations and provide rental assistance to low-income families stand to lose hundreds of millions of dollars. As America looks toward another four years of President Obama, and hopefully toward revamped policy that combines with market incentives to meet affordable housing demand, the lame duck Congress must work with the administration immediately to make sure crucial housing programs remain untouched before we hit the fiscal cliff in January. 

Tarsi Dunlop, member of the Roosevelt Institute | Pipeline in DC:

Now that the election results are in (well most of them are), we can start looking forward to the next four years. It is difficult to figure out where to start, but the first issue will be the rapidly approaching "fiscal cliff." We cannot bask in the glow of the election for long; we must protect the middle class from devastating cuts to essential programs and services. Beyond that, we must advocate for a federal budget that deals with our deficit in a responsible manner over the long-term; we are slowly recovering from the Great Recession, but progress is fragile and many American families are still suffering from unemployment (or underemployment). We cannot afford cuts that will undermine our gradual economic growth, growth that is by some estimates expected to produce 12 million more jobs over the next four years. Building, or in this case re-building an economy, takes time and we won’t turn back now.

This fall, President Obama asked the nation to give him four more years, to continue the work we started in 2008. Other issues that should be on the progressive agenda include protecting and expanding the social safety net for future generations, pursuing policies to reduce our impact on the environment in hopes of addressing the ever-growing threat of climate change (an issue rarely mentioned on the campaign trail), and advocating for responsible policies that will help our nation’s schools provide a quality education for each child. Our efforts to invest in the middle class continue and as we implement the Affordable Care Act, we know we won’t need to defend it against potential attacks from a Romney administration. By 2014, more Americans will feel the benefits of the president’s signature domestic achievement.

President Obama, and the progressive community as a whole, will find powerful allies in the United States Senate come January with Tammy Baldwin’s election as the first openly gay U.S. Senator and Elizabeth Warren’s win in Massachusetts. Indeed, the Bay State has sent another liberal lion to the Senate floor to advocate for policies that help working and middle-class families. These voices will defend a woman’s right to choose and make decisions about her own body. As progressives, we believe in inclusivity and justice for those of all backgrounds, and they will stand for those with no lobby. They will challenge the influence of oil companies and large corporations.  They will push the discussions we should have when it comes to governing and the role of government. It is time to continue that discussion.

However ambitious we are, we must recognize that the work will go on long after President Obama leaves office. The young people who once again broke sharply for the incumbent understand this reality and are rising to the challenge. Although Millennials are faced with dim job prospects, less security in their retirement, and in many cases, high levels of student debt, they are community oriented and civically engaged. They care about the vulnerable children as child hunger rates remain stubbornly high; they care about the dignity and security of our seniors and the mental and physical health of our veterans. They care about our infrastructure and want to see us investing in our nation’s roads, water pipes and public transportation. In 2008, when then-Senator Barack Obama said “Yes We Can,” he meant we, the people. As one man, he (and U.S. presidents before and those to come) cannot create change. We must work toward that change, over the next four years and the next four decades in our communities and local governments. The question we are asking now, one that we should also ask of ourselves, is: what’s next?

Melia Ungson, Roosevelt Institute | Campus Network Northeast regional coordinator and student at Yale University:

Last night, I breathed a sigh of relief instead of jumping for joy (though, admittedly, there were shouts of excitement). Watching results from other races and ballot initiatives come in, I was similarly relieved to see voters in so many places support candidates and ballot measures to protect equal rights, which will hopefully elevate the discourse.  

Even though I go to school in Connecticut, which had a close senate race, I vote in California, largely because of the propositions, which are often close. In a state known recently for its budget issues and gridlock in the state legislature, the propositions serve as an alternate route for voters to address issues directly. Last night, California voters narrowly approved Prop 30 to help fund education and approved Prop 36 to reform the three strikes law, both exciting victories. However, voters failed to approve Prop 34 to repeal the costly and archaic death penalty and Prop 37, which would require the labeling of genetically engineered foods. California prides itself on being a forward-thinking state at the forefront of technology, environmental policy, and social equality, but voters do not always reflect this with propositions.

With all these election results, good, bad, mixed, or still to be decided, the pressure is on to start getting things done. I was excited that Obama alluded to issues like climate change and LGBT rights in his speech last night, and am hopeful that he and other re-elected or newly elected representatives will make progress on these and other issues come January. Our job as Millennialis is to continue to drive meaningful discourse, continue to put forth our own ideas on how best to work toward a stronger future, and ensure that issues important to young people don't fall by the wayside.