LOS ANGELES, CA – NOVEMBER 6: People cheer as television news reporters call a victory for President Barack Obama at the Community Coalition election night party during the U.S. presidential election on November 6, 2012 in the South Los Angeles section of Los Angeles, California. The Community Coalition was founded by U.S. Congresswoman Karen Bass in 1990 to help South L.A. communities that had been devastated by the 1980s crack cocaine epidemic. Voters went to polls in the heavily contested presidential race between incumbent U.S. President Barack Obama and Republican challenger Mitt Romney. (Photo by David McNew/Getty Images)