Barack Obama has defeated Mitt Romney and is projected to serve another term as the President of the United States Of America. The 51 year old president had major success in swing states like Iowa, Ohio, and New Hampshire to help him close out the victory.

The Obamas celebrated the win in his home state of Illinois and he is expected to give his victory speech later tonight in Chicago. Are you happy with the results of the election?

Update: Watch President Obama‘s victory speech after the jump.

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