Bwhahaha, when will this failure of a President learn he is not as loved as he believes he is. By the time the 2016 Olympics comes along Obama's successor will be campaigning for his or her second term. CHICAGO LOSES 2016 OLYMPICS Despite four years, millions of dollars in planning and a last-ditch pitch from President Obama, the Chicago 2016 Olympic bid ultimately fell short. The City of Chicago was eliminated in the first round of voting, before any host city was selected. An expert called it the "biggest shock in IOC history." A disappointed USOC President Larry Probst left the venue and refused to comment, saying the Chicago delegation would respond later. Supporters gathered in Chicago were equally shocked. Many left the rally in Daley Plaza tears. Tokyo was also eliminated in the first round. Even the president's star billing wasn't enough to put Chicago over the top in what some experts said was the tightest race for the Games in its history. "The President did everything he could to bring the Olympics to our country and we're obviously disappointed that we didn't win them," said White House deputy press secretary Bill Burton. In an e-mail from aboard Air Force One, spokesman Robert Gibbs used one word to describe how President Obama took the news of Chicago's loss for the 2016 Olympics: "disappointed." The contest lasted four years and endured several stumbling blocks. But many believed that when Obama elected to go to Copenhagen to deliver the closing remarks of Chicago's final presentation, the move would seal the deal to send the games to Chicago. But the president's pitch, along with the star power of First Lady Michelle Obama and TV queen Oprah Winfrey, couldn't sway enough votes. "We fought a good fight. We had a good plan. I'm very proud of our team. I'm very proud of the support we had for the City of Chicago," said Chicago 2016 CEO Pat Ryan. "I just think that that's the way it goes. Some days you win, some days you don't, and it wasn't our day to win." When asked why he thought Chicago was bounced so early, Ryan said, "Obviously, the voters didn't think we should be in the second round." When asked to specify what he thought went wrong, he said: "I have no idea. You'd have to ask them." Despite the loss, Ryan emphasized that the 2016 Olympic bid put Chicago on the map. "We introduced Chicago to the world. Chicago is so much better known today, and appreciated and respected all around the world," Ryan said. "So Chicagoans can hold their heads high. We're sorry we didn't bring home a victory, but theres only one gold medal winner." In the short term, CBS 2 Mike Flannery reports that the Chicago defeated leaves Obama politically wounded by taking on a fight that he really didn't have to take. The vote is also a stinging defeat for Mayor Daley, who has been used to getting what he wants. Although opponents now no longer have the Olympics, and the potential for cost overruns and mismanagement, as a campaign issue. CBS 2 Olympics expert Mike Conklin said the defeat points to the United States' lack of standing within the International Olympic Committee, dating all the way back to the U.S. boycott of the Moscow Olympics.