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Romney concedes, Obama thanks supporters 07 Nov 2012 Mitt Romney is conceding that his hard-fought presidential bid has ended in failure. He told supporters in Boston that he gave it his all and that he is now praying that President Barack Obama will be successful in guiding the nation. Romney said, "This election is over, but our principles endure." Obama, meanwhile, tweeted to supporters, "This happened because of you. Thank you."