Major Networks Call Ohio, Election for Obama

All major networks have projected Barack Obama the winner in Ohio. All major networks are also projecting an Obama victory in the election as the incumbent president has theoretically acquired the 270 electoral votes needed to win four more years in the White House.

(NBCNews.com)

(FoxNews.com)

(ABCNews.com)

(CBSNews.com)

However, former Bush senior advisor Karl Rove tells Fox News that he doesn't think the election is over quite yet, saying many Republican counties have not been counted yet in Ohio. It's not that Obama won't win the election, Rove explained, it is just "premature" to call it for Obama so soon.

Fox News also reports that the Romney campaign has not indicated the GOP presidential candidate will concede just yet. Fox News has more on the likely Obama win:

MSNBC's Chris Matthews said President Obama and other Democrats were able to win re-election in a tough economy with unemployment at around 8 percent because of "this terrible ethnic stuff"being thrown around by conservatives.

"I think the history books will show that President Obama and his team ran a flawless campaign," MSNBC host Ed Schultz said, reacting to the projected win. "He stuck with the middle class theme and ran on his record."

Watch MSNBC react to the projected Obama victory below:

McCormick Place in Chicago, where Obama will later give his victory speech, went wild after Obama supporters first learned that the election had been called for their candidate.

CHICAGO, IL - NOVEMBER 06: Supporters of U.S. President Barack Obama cheer after networks project Obama as reelected during the Obama Election Night watch party at McCormick Place November 6, 2012 in Chicago, Illinois. Networks project Obama has won reelection against Republican candidate, former Massachusetts Governor Mitt Romney. (Credit: Getty Images)

CHICAGO, IL - NOVEMBER 06: Supporters of U.S. President Barack Obama cheer after networks project Obama as reelected during the Obama Election Night watch party at McCormick Place November 6, 2012 in Chicago, Illinois. Networks project Obama has won reelection against Republican candidate, former Massachusetts Governor Mitt Romney. (Credit: Getty Images)

CHICAGO, IL - NOVEMBER 06: Supporters of U.S. President Barack Obama cheer after networks project Obama as reelected during the Obama Election Night watch party at McCormick Place November 6, 2012 in Chicago, Illinois. Networks project Obama has won reelection against Republican candidate, former Massachusetts Governor Mitt Romney. (Credit: Getty Images)

CHICAGO, IL - NOVEMBER 06: Supporters of U.S. President Barack Obama cheer during the Obama Election Night watch party at McCormick Place November 6, 2012 in Chicago, Illinois. Obama is going for reelection against Republican candidate, former Massachusetts Governor Mitt Romney. (Credit: Getty Images)

This is a breaking news story and updates will be added.

Featured image via AP