George Bush is once again the President of the United States of America. I am of two minds of the outcome. On one hand it's bad because... well it's Bush. On the other hand it leaves him to clean up the mess he made in Iraq. Iraq will become the albatross around the neck of the Republican Party as the American death toll mounts.
Had Kerry won he would have looked weak because he would have had to pull out of Iraq. He would have been the next Jimmy Carter, perceived as being weak on foreign policy, and it would have hurt the Democratic Party for years.
So what happens now? America invades Iran? France? New York? If you think the close vote meant Bush would be a more moderate President this time around you're wrong. Bush has a clearer mandate this time around, and he'll use this to do basically anything he wants.
So there you go. The King is dead, long live the King.