VIDEO: "Catastrophic" - Sarah Palin reacts to four more years of Obama

The real Sarah Palin greets the crowd during a 2008 election rally (AP)

Asked for her reaction to the Obama re-election victory this morning (around 6pm last night, Alaska time), former vice presidential nominee Sarah Palin told Fox News she "cannot believe the majority of Americans".

Although she did concede that "a win is a win", Palin seemed to find it hard to get her head around the choice that America had made. "This really is a catastrophic set-back to our economy, " she told her interviewer.