Elections have consequences. President Barack Obama’s stunning re-election victory came dramatically from the same emerging majority coalition — a rainbow coalition — that brought him to the presidency in 2008. At its heart are minorities, young people, single women and union households. What do they want? These voters reflect America’s diversity. But they share one thing in common: They were the hardest hit by the recession and have had the hardest time recovering from it. The president’s vote directly tracked income levels. He won a large majority of those making less than $50,000 a year and lost a majority of …
