Obama has vowed throughout the campaign to work in a bipartisan fashion. He has also said he would name Republicans to his Cabinet. Time will tell.

House Republican Minority Leader Rep. John Boehner (R., Ohio) remained defiant after winning his re-election bid. According to reports in The Wall Street Journal, he plans to fight Obama's agenda in the House, calling it a "troubling policy roadmap." His strong words might be good news for those in the market who have expressed concern over an unbridled liberal agenda.

But Boehner has to confront the fact that Republicans need to rebuild their party. He has vowed to do this, saying:
"We will rebuild our party the way it was originally built by President Lincoln and renewed nearly three decades ago by President Reagan: by fighting for the principles of freedom, opportunity, security and individual liberty."
Senate Democratic Majority Leader Harry Reid downplayed talks of any mandate. ""This is a mandate to get along, to get something done in a bipartisan way. This is not a mandate for a political party or an ideology," he said in comments to Politico.com.

For now, Democrats have the upper hand and the momentum. What they don't have is the super majority to push through all of their legislative proposals.

For more articles like this, check out our Political Pulse section.

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