He emphasized his main campaign theme of fighting for equal opportunity for all, saying the political arguments that come with democracy in America were a necessary part of the process.
Here are just a few highlights that resonate the loudest:
Tonight, in this election, you, the American people, reminded us that while our road has been hard, while our journey has been long, we have picked ourselves up, we have fought our way back, and we know in our hearts that for the United States of America the best is yet to come.
I want to thank my friend and partner of the last four years, America’s happy warrior, the best vice president anybody could ever hope for, Joe Biden.
And I wouldn’t be the man I am today without the woman who agreed to marry me 20 years ago. Let me say this publicly: Michelle, I have never loved you more. I have never been prouder to watch the rest of America fall in love with you, too, as our nation’s first lady.
To the best campaign team and volunteers in the history of politics. The best. The best ever. Some of you were new this time around, and some of you have been at my side since the very beginning. But all of you are family. No matter what you do or where you go from here, you will carry the memory of the history we made together and you will have the lifelong appreciation of a grateful president.
But that doesn’t mean your work is done. The role of citizen in our democracy does not end with your vote. America’s never been about what can be done for us. It’s about what can be done by us together through the hard and frustrating, but necessary work of self-government. That’s the principle we were founded on.
I have always believed that hope is that stubborn thing inside us that insists, despite all the evidence to the contrary, that something better awaits us so long as we have the courage to keep reaching, to keep working, to keep fighting.
Obama withstood a late push by Romney in Pennsylvania and won battleground states of Ohio, Wisconsin and Iowa, according to CNN projections.
He also easily won traditional Democratic strongholds of California, New York and other populous states such as Michigan and Pennsylvania, where Romney mounted a late but unsuccessful push.
Obama received strong support, as expected, from women voters as well as overwhelming support from African-Americans. He also got strong backing from Hispanic voters, similar to the coalition that carried him to victory four years earlier to make him the nation’s first African-American president.
Meanwhile, CNN projected that Democrats will retain their majority in the Senate, ensuring another divided Congress after Republicans earlier were projected to hold their majority in the U.S. House.
Make sure to read: The Final Count!
Obama and Romney ran dead even in final polls that hinted at a result rivaling some of the closest presidential elections in history, reflecting the deep political chasm in the country.
A heavy turnout was reported in much of the nation, and both campaigns expressed confidence that they would prevail.
As predicted, the election was decided in the battleground states, and as the returns emerged, it became clear that Romney was trailing.
Obama won his home state of Illinois as well as Romney’ s home state of Massachusetts — where the Republican previously served as governor. He also won Romney’s birth state of Michigan, along with California, Ohio, Wisconsin, Iowa, Oregon, New Mexico, New Hampshire, Pennsylvania, Minnesota, New Jersey, New York, Vermont, Connecticut, Delaware, Maryland, Maine, Rhode Island and the District of Columbia.
Romney won North Carolina, Idaho, Montana, Arizona, Kansas, Louisiana, Nebraska, North Dakota, South Dakota, Texas, Wyoming, Mississippi, Alabama, Tennessee, Arkansas, Kentucky, Indiana, West Virginia, South Carolina, Oklahoma, Utah, Missouri and Georgia.
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