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Obama Wins 2nd Term! Most Expensive Election in History

President Obama wins his second bid for the presidency.  He wins 303 electoral votes to opponent Mitt Romney who pulled in only 206.

The Democratic incumbent took the battleground state of Ohio, which has 18 electoral votes, pushing past the 270 needed to win the presidency, CBS projected.

It has been a long and grueling campaign and the most expensive. According to an estimate by the non-partisan Center for Responsive Politics, $6 billion is the total amount spent on this election, That’s $700 million more than the previous “most expensive election” in history—2008—and includes money spent by the campaigns, outside groups, and independent organizations.

Work is not over for Democrats. The House is very much still in the hands of Republicans. Americans deserve better over the course of the next four years. The parties must find a way to work together to improve the economy, health care and foreign relations.

Here’s what our 44th President of the United States tweets followed by the full transcript of his victory speech.

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  1. zobop republic on November 7, 2012 at 11:39 am

    This will make it tough for another Black person to run for president. What Black person is going to be able to raise a billion dollars for an election? White people better “like” this person.

    • UncleChuck2 on November 7, 2012 at 1:38 pm

      So true, but…Unless “we the people” stand up to Big Money it’ll always be this way: money buying elections. The Declaration of Independence not only states “…all men are created equal,”… but also “… That whenever any Form of Government becomes destructive of
      these ends, it is the Right of the People to alter or to abolish it,
      and to institute new Government…”! This means that “we the people” must do whatever it takes to insure our rights are respected and our needs met. It’s up to US! Are YOU game?