Mitt Romney Comments on President Obama's Win in 2012 Election

David Muir has the latest on the GOP candidate's failed bid for the White House.
3:00 | 11/14/12

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Transcript for Mitt Romney Comments on President Obama's Win in 2012 Election
presidential candidate mitt romney, reveefling how he feels about the obama voters and the obama victory. He was talking to his big donors today and abc's david muir is here with what he said. Reporter: This argument began, diane, in the hours after the loss, he started offering reasons for his loss the very next morning, arking america is becoming an entitled society. But today, in a recorded call, he said, giving away free stuff is a hard thing to compete with. Mitt romney leaving his hotel the day after the election, next to the convention center where he hoped to deliver the one speech he'd written, his victory speech. But now, in the week since the election, abc news has learned mitt romney has been explaining his loss to his closest advisers and top donors. And it started at a breakfast the very next morning. Now today, perhaps his most eye-opening explanations yet, during a conference call with a large group of donors. Romney arguing that president obama won in part because of gifts the obama prin strags had given to particular groups in this country. What the president's campaign did is focus on certain members of his base coalition. Give them extraordinary financial gifts from the government. And then work very aggressively to turn them out to vote. Reporter: Among those groups the gifts went to, romney discusses the african-american community, young people and the hispanic community. Here, offering one of the gifts to them. What the president did is, he gave them two things. One, he gave them a big gift on immigration, with the d.R.E.A.M. Act and amnesty program. Reporter: For hispanics, he talked about obama care, the president's heath care plan being a gift too. He talked about free contraceptives, very big with college-age women. Sources telling me this has been romney's argument since the moment he realized he'd lost, telling his closest circle the very next morning that america is becoming an entitled society. That some americans are asking for government to solve problems for things they can't afford. A message reminiscent of that video, romney talking to donors after clinching the republican domination, talking about the 47 percent. And so my job is not to worry about those people. I'll never convince them. Reporter: And just when you thought this election was behind us, a tweet from david axelrod, the top obama strategist, saying, "still looking at america through that 47% prism." And romney talked to bill clinton after the election. He said that clinton told him, i thought you were going to win, then the hurricane happened. Romney using the hurricane in his discussions why. Okay, david, thank you.

This transcript has been automatically generated and may not be 100% accurate.

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