It's official and the reaction on the streets of New York is mixed.
SOUNDBITE: Harry Handler, New York Resident, Saying:
"I think that we're on the right track. So now it's just going to keep going. I do worry about Congress though."
SOUNDBITE: Edward Burne, New York Resident, Saying:
"The most uninformed people - we're living in a Kim Kardashian society. He's not a true president. He's a media creation. At least Romney, you know at the best... You know Romney's very good. He actually did something in his life."
And on the streets of Cleveland, Ohio -- fear and jubilation.
SOUNDBITE: Curtis, a commuter saying:
"It's a beautiful picture. Can't you tell? Look at his daughters, his wife. He looks very victorious."
SOUNDBITE: Collette Whims, Commuter, Saying:
"Okay, I'm disappointed and fearful for our country. I feel that we are not better off from where we were four years ago. Most people are."
In Washington D.C. many say they are looking for more bipartisan cooperation during President Obama's second term
SOUNDBITE: Jane Strachan, Washington Resident, Saying:
"I hope that we can find a way to work together, both sides of the isle, the House, the Senate and the Executive Branch."
SOUNDBITE: Christiana Kern, Washington Resident, Saying:
"You know, I have hope that we can get some stuff done. It is a second term, it is a new start."
The President heads into his second term with many of the problems that dogged him during his first term, slower than hoped economic growth and a divided Congress.