Obama thanks supporters; Romney concedes

As President Obama wins a second term, his supporters get the party started, while Mitt Romney concedes defeat.

President Barack Obama supporters celebrate with champagne outside of the White House in Washington following his re-election early Wednesday, Nov. 7, 2012.  (AP Photo/Jose Luis Magana)

President Barack Obama supporters celebrate with champagne outside of the White House in Washington following his re-election early Wednesday, Nov. 7, 2012. (AP Photo/Jose Luis Magana)

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