Crowd Celebrates President Obama’s Second Term Re-election (Video)

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As U.S. networks projected that U.S. President Barack Obama won a second term after long bitter Presidential race, his supporters across the country went wild with happiness and celebrations!

As U.S. networks projected that U.S. President Barack Obama won a second term after long bitter Presidential race, his supporters across the country went wild with happiness and celebrations!

President Barack Obama overcame deep doubts among voters about his handling of the U.S. economy to score a clear victory over Republican challenger Mitt Romney. Romney, the multimillionaire former private equity executive, came back from a series of campaign stumbles to make it close after besting the president in the first of three presidential debates.

The 65-year-old former Massachusetts governor conceded in a gracious speech delivered to disappointed supporters at the Boston convention center. He had called Obama to concede defeat after a brief controversy over whether the president had really won Ohio.

"This is a time of great challenge for our nation," Romney told the crowd. "I pray that the president will be successful in guiding our nation."

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