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obama reelection President Barack Obama waves as he walks on stage with First Lady Michelle Obama and daughters Malia and Sasha at his election night party Wednesday, November 7, 2012, in Chicago. (Photo: AP Photo/Carolyn Kaster)

Election 2012: Four More Years!

President Barack Obama defeats Mitt Romney to earn another term

By Natalie Wexler and Coleman Hirschberg | November 7 , 2012

After months of campaigning, the 2012 presidential election came to an end last night.

President Barack Obama defeated former Massachusetts Governor Mitt Romney to earn four more years in the White House.

President Obama won the popular vote 50 percent to 49 percent, as of early Wednesday morning. But he won nearly 300 electoral votes, with Florida still not called for either candidate. The first candidate to 270 electoral votes is declared the winner.

At a rowdy Election Night event in Chicago, was met with wild, loud, and long cheers. First Lady Michelle Obama joined him on stage, then left the President by himself to deliver his victory speech.

President Obama delivered a victory speech in which he thanked his supporters, his family, his Vice President, Joe Biden, and even his opponent, Mitt Romney.

But he also spoke to pulling the country together after a divisive presidential election.

"We are an American family, and we rise and fall together as one nation and one people," President Obama said.

A big part of the President's speech was that it's now time to move past the campaign and focus on working to improve the country.

Obama said that he wants to work with Romney to solve the problems facing the nation.

"In the weeks ahead, I also look forward to sitting down with Governor Romney to talk about where we can work together to move this country forward," Obama said.

When President Obama concluded his speech, the crowd went wild! He was joined by his family and the Biden family. Then an explosion of red, white, and blue confetti filled the air.

Obama supporter A.J. Dilay summed up the feelings of a lot of the people at McCormick Place last night. "Being here tonight has been so uplifting," he said. "Just the energy is like nothing I've ever felt. I'm just screaming inside and full of joy."

Romney held a campaign night event in Boston. He delivered a concession speech shortly before 1 a.m. Wednesday morning.

His speech was gracious. He thanked his family and staff, as well as his supporters and his running mate, Paul Ryan. “Next to Ann,” Romney said, “Paul is the best choice I’ve ever made.”

Romney also said he wishes the President well in solving the problems facing the country.

"This is a time of great challenges for America, and I pray that the president will be successful in guiding our nation," Romney said.

Romney, too, pleaded for cooperation in the days, weeks, and months ahead.

"The nation, as you know, is at a critical point," Romney said. "At a time like this, we can't risk partisan bickering and political posturing. Our leaders have to reach across the aisle to do the people's work."

"We look to Democrats and Republicans in government at all levels to put the people before the politics," Romney added.

When he finished his speech, his family, as well as Ryan and Ryan's family, came together on the stage to thank their supporters.

After a bitter, contentious election, the campaign is over. And as the President said tonight, it's time for the country to get to work.

"Tonight you voted for action, not politics as usual," Obama said. "You elected us to focus on your jobs, not ours. And in the coming weeks and months, I am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together."

ELECTION 2012

Scholastic News Kid Reporters are on the campaign trail! Keep up with latest election news on the Election 2012 website.

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