Even if the election turns out differently, the Republicans have won, because it shouldn't be anwhere near this close. There were so many reasons to take issue with this Presidency, that any opponenent should have won, IMO.
If the President managed to get the majority of voters to vote for him, he deserves congratulations.
And the Democrats have to figure out how to win an election when the country is doing poorly as this one is. We're not as good off as we were four years ago. The Dems aren't going to get a shot if things get better!
To be honest, I'm very anxious about what is going to happen to our country over the next four years. Regaurdless of who the President is, he's going to have to deal with a number of issues that should come to a head.
1. The Balance of Trade deficit. The US consumes much more than it produces, purchasing the excess on credit from overseas, where products can be made less expensively. This cannot last, as eventually our creditors will not want to loan us more money.
Solution: Immediatly force all tradeing partners to allow their currencies to float without intervention, meaning that no country holds debt in another nation, and establish a currency system based on something tangible like gold. In this way, the economic policies of a country will have a clear result, forceing each to regulate themselves in a way that really brings long-term prosperity to their people.
2. Budget Deficit. See above. You don't get money for nothing, but you can earn your way out of debt. That, and reduce spending to below your revenue.
3. The Middle East. We need a viable strategy to reduce our military expense and exposure in Iraq. We need to deal with Iran and it's active nuclear program. We also need to see some progress in Israel between them and the Palestinians, if Arafat dies, it may provide the opportunity for some more reasonable leaders to take his place.
4. North Korea.
5. Energy. Oil is finite, and we're going to run out of it. With oil at this price, the economy will slow down or stall anyway. If it remains near this level, (above 50) we're going to need massive investment in alternative energy, from building nuclear plants to producing bio-diesel. (Fat chance of this happening with Bush in the White House!)