Supporters of President Barack Obama cheer as they wait for Obama to appear on stage during the Obama election night watch party at McCormick Place in Chicago. Picture: GETTY
PRESIDENT Barack Obama has retained the presidency in a resounding and historic victory that has left Mitt Romney and the Republican Party in tatters.
The Democrat headquarters in Chicago are celebrating wildly, while the Republican watch party in Boston is in stunned silence.
The President claimed the 270 electoral college votes he needed to win when the key swing state of Ohio, always predicted to tell the story of the election, carried him over the line.
President Obama declared victory tweeting: "Four more years."
Counting has not yet ended and it seems the President will gather more than 300 votes to stamp this as an emphatic victory.
Perhaps most remarkably, President Obama appears to have a good chance of winning Florida, which carries 29 votes and was widely expected to be carried by Mr Romney.
Counting has not yet concluded in key urban areas of Florida, which are known to be Democrat heartlands. A loss in Florida would be humiliating for Mr Romney.
The Democrats will also retain their majority in the US Senate, and the Republicans will hold the lower house, meaning no changes to the status quo.
It seems, at the early stage, Mr Romney may also carry the overall majority of votes in the election, but the swing states were what mattered.
For comprehensive election coverage, visit news.com.au.
Read more in tomorrow's Mercury.
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