Karl Rove explained his view of why President Obama won, on Fox News, via Dylan Byers:

Rove argued that Obama won with a smaller popular vote and a smaller margin of victory than in the 2008 election against Sen. John McCain. Instead of expanding voters, Rove argued, Obama "suppressed the vote" by demonizing former Gov. Mitt Romney and encouraging people not to vote.

"President Obama has become the first president in history to win a second term with a smaller percentage of the vote than he did in the first term," Rove said.

"But he won Karl, he won!" Fox News host Megyn Kelly interjected...