Election Results: Watch President Barrack Obama’s 2012 Presidential 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 thanked Americans for voting, "Whether you held up a Romney sign or Obama sign, you made your voice heard," 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.

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. Even Obama admitted, "I congratulated (Romney and Ryan) on a hard and well-fought campaign," he said.

As for 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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