"We’re not as cynical as the pundits believe. We are greater than the sum of our individual ambitions and we remain more than a collection of red states and blue states. We are, and forever will be, the United States of America."

"Thank you"

The family arrives:

Biden enters with a fist pump:

Hamming it up:

The confetti:

Sneak attack:

Final solo wave:

1:55a.m.: Some lines from Obama: "This country has more wealth than any nation; but that's not what makes us rich," Obama says. "The role of a citizen in our democracy does not end with your vote... Our nation only works when we accept certain obligations to each other... Despite all of our frustrations, I have never been more hopeful for our future.... It doesn't matter if you're black or white or Hispanic or Asian or young or old or rich or poor... you can make it here in America."

1:47a.m.: "These arguments we have are a mark of our liberty," Obama says. The cynics might say elections are personality contests, that they're small. But he hears stories of the American people. "That's why we do this. That's what politics can be. That's why elections matter. It's not small, it's big."

1:41a.m.: Obama begins his victory speech. He thanks people "whether you voted for the first time... or whether you waited in a very long line.... and by the way, we have to fix that."

1:25p.m.: The White House Flickr feed posts this photo:

1:13a.m.: After Romney called Obama to concede, Obama called Bill Clinton to thank him for his work on the campaign. While they wait, Obama fans dance:

1:06p.m.: Mitt Romney concedes, thanking his family and running mate: "Besides my wife, Ann, Paul was the best choice I ever made." He thanked volunteers for working so hard and called for bipartisanship.

"I believe in America. I believe in the people of America."

"Paul and I left everything on the field. We poured our heart into this campaign."

1:04a.m.: The front page of The New York Times.

12:49p.m.: Romney has called Obama to concede. A concession speech is expected soon.

12:46a.m.: At Obama HQ in Chicago, a marriage proposal. Reuters reports Keesha Patterson proposed to her girlfriend Rowan Ha:

A different kind of tears at Romney headquarters in Boston:

(Photos via Reuters.)

12:44p.m.: The New York Times' Ashley Parker reports that two sources say Romney will concede tonight.

12:25p.m.: A very happy Democrat in Nevada:

(Photo via Reuters.)

12:10p.m.: New York Times calls Virginia for Obama.

12:05a.m.: Washington and Colorado legalize pot.

11:56p.m.: The Obama staff is laying claim to the slogan from the television show Friday Night Lights. Romney was also (controversially) a fan of Coach Taylor's mantra. Obama staff left Chicago headquarters chanting, "Clear Eyes, Full Hearts," Jodi Kantor tweets.

11:39p.m.: Fox News talking head desk does not like the call made by Fox News Decision Desk, the hidden nerds to analyze the vote tallies, that Ohio goes to Obama. Karl Rove, veteran of Bush 2000, does not want a state called with a 900-vote difference between the candidates. Megyn Kelly walks out of the studio through a hallway down to the nerds to confront them. The nerds do not cower. They stand tall, saying they're 99.5 percent confident that Romney can't make up the votes.