Barack Obama wins presidential election for a second term

President Barack Obama won for a second term in the White House by defeating his opponent – Republican Mitt Romney. Obama in his victory speech said that in his second presidential term he would reach out to Republicans. He further called on for a compromise and pledging to work with leaders of both the parties to reduce the deficit, to reform the tax code and immigration laws and to cut dependence on foreign oil.

President Barack Obama delivered the victory speech at McCormick Place convention center in Chicago that stuck on to the themes about his rise to top of the American politics and that there is more that unites Americans than that divides them. This election battle was quite long, bitter and expensive with the nationwide popular vote that remained extremely close with Obama taking about 50 percent to 49 percent for Romney. The election campaign resulted in both candidates and their party allies combined spending an estimated amount of $2billion. President Obama scored impressive victories across the country so much so that the big build up over Ohio, Florida and Virginia just tapered out.

Obama reached the 270 electoral votes needed for presidential victory even without those three states. The winning was further strengthened with rolling up wins in Democratic strongholds that included Nevada, Iowa and Colorado. In the end, Obama won Ohio, Virginia and was far ahead in Florida.

Mitt Romney – the 65-year-old former Massachusetts governed conceded to his defeat in a gracious speech that was delivered to his disappointed supporters at the Boston convention center saying that this is a time of great challenge for the nation and would pray that the president will be successful in guiding the nation. He further warned against partisan bickering and requested politicians on both sides to put the people before the politics.

Meanwhile, President Obama told the cheering crowd that he hoped to sit down with Romney in the weeks ahead and would find ways to meet the challenges ahead. Obama faces the difficult task of tackling $1trillion annual deficits, reducing a $16 trillion national debt and overhauling of the expensive social programs.              

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