Obama thanks supporters; Romney concedes

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

Supporters of President Barack Obama react to favorable media projections at the McCormick Place during an election night watch party in Chicago on Tuesday, Nov. 6, 2012. (AP Photo/Jerome Delay)

Supporters of President Barack Obama react to favorable media projections at the McCormick Place during an election night watch party in Chicago on Tuesday, Nov. 6, 2012. (AP Photo/Jerome Delay)

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