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Originally published: 2012-11-07 02:26:19
Last modified: 2012-11-07 02:26:19

Obama wins re-election, Romney concedes

by Anna Oakes

As of 2 a.m. Wednesday, the Associated Press reported that Democratic President Barack Obama had received 53,924,808 votes in the 2012 presidential election, good for 50 percent of the popular vote and 303 Electoral College votes, while Republican candidate Mitt Romney had garnered 53,124,118 votes, a 49 percent share good for 203 Electoral College votes.

With 270 Electoral College votes needed to secure the presidency, the AP called the race for Obama at 11:38 p.m. Tuesday. Romney delivered a concession speech shortly before 1 a.m.

“We are an American family and we rise or fall together as one nation, as one people,” Obama said in his victory speech in Chicago.

“We will disagree, sometimes fiercely, about how to get there. Progress will come in fits and starts. It’s not always a straight line,” he said. “But that common bond is where we must begin.”

In conceding victory to Obama from Boston, Romney said, “This is a time of great challenges for America, and I pray that the president will be successful in guiding our nation.

“The nation, as you know, is at a critical point,” he 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. And we citizens also have to rise to the occasion.”