George Soros: Obama Victory Means 'More Sensible Politics'

Billionaire investor George Soros said late Tuesday that the re-election of President Barack Obama will open "the door for a more sensible politics."

Soros, who has contributed mightily to Democratic causes, told Reuters: "I'm delighted that President Obama has won. The American electorate has rejected extremist positions, opening the door for a more sensible politics.

"Hopefully the Republicans in office will make better partners in the coming years, most urgently in avoiding the so-called fiscal cliff."