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President Obama re-elected

President Barack Obama waves as he walks on stage with first lady Michelle Obama and daughters Malia and Sasha at his election night party. (AP)

President Barack Obama waves as he walks on stage with first lady Michelle Obama and daughters Malia and Sasha at his election night party. (AP)

WASHINGTON (AP) — President Barack Obama rolled to re-election Tuesday night, vanquishing former Massachusetts Gov. Mitt Romney and triumphing despite a weak economy that plagued his first term and put a crimp in the middle class dreams of millions.

In his victory speech, President Obama said the American people have "picked ourselves up" and fought back during tough economic times, declaring after winning re-election that the "best is yet to come."

Obama said he wants to meet with Republican rival Mitt Romney to discuss how they can work together. He said they may have "battled fiercely, but it's only because we love this country deeply."

The president rolled to a second term over Romney, winning more than 300 electoral votes.

Obama was welcomed by thunderous applause as he arrived on stage in his hometown, joined by first lady Michelle Obama and daughters Sasha and Malia.

Romney said earlier he called Obama to congratulate him on his victory, adding that he prays "the president will be successful in guiding our nation."

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