The White House Christmas Tree, a 19-foot Fraser Fir from Jefferson, North Carolina is delivered by horse drawn-carriage in Washington on November 23, 2012. REUTERS/Yuri Gripas

The White House Christmas Tree, a 19-foot Fraser Fir from Jefferson, North Carolina is delivered by horse drawn-carriage in Washington on November 23, 2012. REUTERS/Yuri Gripas

Mitt Romney won the Republican presidential nomination as a “turnaround man,” whose capacity to reinvent companies, and the 2002 Olympics, could be transferred to the nation and its troubled economy.
But from the outset of his general election campaign-burdened with the lowest favorability rating of any major party candidate since 1984 - it was evident that his most challenging reinvention would have to be Mitt Romney.
And Tuesday night it failed. Willard Mitt Romney came up short, losing his second and likely last campaign for the presidency to President Barack Obama.
“Almost president” is a distinction sought by no politician.
READ ON: Romney’s last, greatest ‘turnaround’ falls short

Mitt Romney won the Republican presidential nomination as a “turnaround man,” whose capacity to reinvent companies, and the 2002 Olympics, could be transferred to the nation and its troubled economy.

But from the outset of his general election campaign-burdened with the lowest favorability rating of any major party candidate since 1984 - it was evident that his most challenging reinvention would have to be Mitt Romney.

And Tuesday night it failed. Willard Mitt Romney came up short, losing his second and likely last campaign for the presidency to President Barack Obama.

“Almost president” is a distinction sought by no politician.

READ ON: Romney’s last, greatest ‘turnaround’ falls short

"We are amazed that Obama has been re-elected. But for us there is no difference between Obama and Romney; both are enemies. And we will keep up our jihad and fight alongside our Afghan brothers to get the Americans out of Afghanistan."

— Pakistan Taliban spokesman Ehsanullah Ehsan, expressing surprise that President Obama won re-election on Tuesday. [read on…]

U.S. President Barack Obama and first lady Michelle Obama celebrate with Vice President Joe Biden and his wife Jill after his victory speech election night in Chicago, November 6, 2012. [REUTERS/Jason Reed]

U.S. President Barack Obama and first lady Michelle Obama celebrate with Vice President Joe Biden and his wife Jill after his victory speech election night in Chicago, November 6, 2012. [REUTERS/Jason Reed]

Supporters look on as they watch results on a large screen as a major news network projected Ohio for President Barack Obama at the U.S. Republican presidential nominee Mitt Romney election night rally in Boston, Massachusetts November 6, 2012. [REUTERS/Mike Segar]
LIVE COVERAGE: The 2012 U.S. Presidential Election

Supporters look on as they watch results on a large screen as a major news network projected Ohio for President Barack Obama at the U.S. Republican presidential nominee Mitt Romney election night rally in Boston, Massachusetts November 6, 2012. [REUTERS/Mike Segar]

LIVE COVERAGE: The 2012 U.S. Presidential Election

FLASH: CNN and MSNBC project President Obama takes Iowa.