Election Results: President Barrack Obama Re-Elected for Four More Years (Watch Acceptance Speech)

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Americans decided to give Barrack Obama another chance at presidency, in a slim victory on Tuesday, Obama was declared winner of the 2012 Presidential elections.

Obama delivered a 20-minute acceptance speech with wife, Michelle and daughters Sasha and Alia on stage beside him.

In his acceptance speech, Obama said, "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...We know in our hearts that for the United States of America, the best is yet to come," as reported by the New York Times.

He continued, "We are an American family and we rise or fall together as one nation...the belief that our destiny is shared, that this country only works when we accept certain obligations to one another," as shown on WPTV.

Watch the entire acceptance speech here.

Former Governor of Massachusetts, Mitt Romney was only two percent behind in the popular at 48 percent, while Obama was at 50 percent. As for electoral votes, Obama garnered 303 electoral votes, while Romney garnered 206. The candidates needed a minimum of 270 to win.

So after months of long and hard campaigning, coupled by an acerbic rivalry, which came forth loud and clear during the three Presidential debates, the race is finally over.

When it comes to the congressional elections, the Republicans won the House and Democrats won the Senate. According to the finally tally, for the House the count is as follows: Republicans - 232 and Democrats 191, with a balance of power being 218; and for the Senate: Republicans 45 and Democrats 51, with a balance of power being 50.

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