Today is a good day for jubilee and the democrats will take center stage. At home in Chicago, the president all but claimed victory. "This happened because of you. Thank you" he tweeted to supporters.
Romney was in Massachusetts after a long and grueling bid for the presidency. He led in the national popular vote with 41 million votes, or 50 percent. Obama had 40 million, or 49 percent, with 59 percent of the precincts tallied.
But Obama led in the competition for electoral votes, where it mattered most.
His triumph in Ohio as well as in Iowa and New Hampshire, two other battlegrounds, gave him 265 electoral votes of the 270 needed for victory, Romney had 200.
The election emerged as a choice between two very different visions of government — whether it occupies a major, front-row place in American lives or is in the background as a less-obtrusive facilitator for private enterprise and entrepreneurship.
The economy was rated the top issue by about 60 percent of voters surveyed as they left their polling places. But more said former President George W. Bush bore responsibility for current circumstances than Obama did after nearly four years in office.
About 4 in 10 said the economy is on the mend, but more than that said it was stagnant or getting worse more than four years after the near-collapse of 2008. The survey was conducted for The Associated Press and a group of television networks.