In order to analyze the immediate and long term ramifications of Nov. 6, it is appropriate and beneficial to analyze the past 30 days, the next 60 days and what we've elected for ourselves. The president got what he wanted, his second term. If we take what we told the former Russian President Medvedev in March 2012, the president feels he'll have more flexibility to really do what he wants this term.

But what does that mean? Does that mean that the entire U.S. economy will be boosted by more part time employment figures? It most likely means we're all going to feel a rush of patriotism and adrenaline as we collectively fall off the fiscal cliff.

That's because the president has been on a month long victory lap since his reelection. Forget the fact that the country is doing its best rendition of the Titanic and heading straight for the iceberg of government spending. But lets give the President a break, he hasn't passed a budget in years, so we'll understand if he doesn't quite know how to handle a fiscal debt crisis.