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Multimillionaire Mormon Mitt Romney conceded defeat to Obama his pride intact. The Republican had taken Obama to the wire.

In a convention centre in Boston, Mass., he concluded he ran for office because he was concerned for America.

He took this last chance to be watched so globally to get this off his chest, saying the principles the nation was founded on are ‘the only sure guide to a resurgent economy and to renewed greatness’.

Romney said: “I have just called President Obama to congratulate him on his victory, his supporters and his campaign also deserve congratulations. I wish all of them well, but particularly the President, the First Lady, and their daughters. This is the time of great challenges for America and I pray that the President will be successful in guiding our nation.”

Romney running mate Paul Ryan was not enough to make the electorate ignore charges the challenger had flip-flopped on policies.

A Fox News survey days before the election showed that Obama was seen as a “steadier” hand in the presidency.

Finally, with no turnarounds left, within the Republican Party, conservatives and moderates prepared for post-mortems on what had gone wrong.

Copyright © 2014 euronews

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