Your feelings about the way a presidential race comes out will vary depending on your point of view, or your personal feelings, political position, and any other particular details about you that make up the way you look at the election.
The distinctive way you see things, your individual perspective, can be described as your point of view. The phrase can also describe, literally, the way you see what's in front of you depending on where you are when you look at it. If you're standing on the roof of a tall building looking at a city, your point of view is very different from what it would be if you were standing on the ground. In a fictional story, the point of view means the perspective of the narrator, or the person who's telling the story.