Obama powers to re-election despite weak economy

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Supporters wave flags during President Barack Obama's election night party Tuesday, Nov. 6, 2012, in Chicago. President Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/M. Spencer Green)
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WASHINGTON (AP) — President Barack Obama rolled to re-election Tuesday night, vanquishing former Massachusetts Gov. Mitt Romney and prevailing despite a weak economy that plagued his first term and put a crimp in the middle class dreams of millions.

"This happened because of you. Thank you" Obama tweeted to supporters as he celebrated four more years in the White House.

After the costliest — and arguably the nastiest — campaign in history, divided government seemed alive and well.

Democrats retained control of the Senate with surprising ease. Republicans were on course for the same in the House, making it likely that Speaker John Boehner of Ohio, Obama's partner in unsuccessful deficit talks, would reclaim his seat at the bargaining table.

Romney led narrowly in the popular vote, by about 30,00 votes out of more than 98 million cast, with ballots counted in 74 percent of the nation's precincts.

But Obama's laserlike focus on the battleground states allowed him to run up a sizeable margin in the competition for electoral votes, where it mattered.

He won Ohio, Wisconsin, Virginia, Iowa, New Hampshire, Colorado and Nevada, seven of the nine battlegrounds where the rivals and their allies poured nearly $1 billion into dueling television commercials.

Romney was in Massachusetts, his long and grueling bid for the presidency at an unsuccessful end.

He won North Carolina among the battleground states. Florida remained too close to call.

The election emerged as a choice between two very different visions of government — whether it occupies a major, front-row place in American lives or is in the background as a less-obtrusive facilitator for private enterprise and entrepreneurship.

The economy was rated the top issue by about 60 percent of voters surveyed as they left their polling places. But more said former President George W. Bush bore responsibility for current circumstances than Obama did after nearly four years in office.

That bode well for the president, who had worked to turn the election into a choice between his proposals and Romney's, rather than the simple referendum on the economy during his time in the White House.

Unemployment stood at 7.9 percent on election day, higher than when he took office. And despite signs of progress, the economy is still struggling after the worst recession in history.

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