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President Obama set to take stage for victory speech

President Barack Obama speaks to a crowd while campaigning at Kirkwood Community College in Cedar Rapids, Iowa on Tuesday, July 10, 2012. He talked about his plan for the economy.

President Barack Obama speaks to a crowd while campaigning at Kirkwood Community College in Cedar Rapids, Iowa on Tuesday, July 10, 2012. He talked about his plan for the economy.

President Barack Obama is getting ready to take the stage in Chicago for a victory speech. He has been with friends and family in the Fairmont Hotel, waiting for Mitt Romney to call and concede. 

Shortly after the battleground state of Virginia turned blue and bumped the electoral college votes up to 303, Mr. Romney called Obama and conceded the election. 

You can watch President Obama’s victory speech: http://wtvr.com/on-air/live-streaming/

For full Election 2012 results, click here: http://wtvr.com/election-results/

CBS said that Mr. Obama is the only president since Franklin D. Roosevelt to win a second term with the economy in such bad shape and unemployment so high.