Australia's Rudd Concedes Defeat - Presented by: The Aol. On Network

Australia's Labor party leader Kevin Rudd conceded defeat at national elections on Saturday (September 7), offering his congratulations to conservative opposition leader Tony Abbott who won a landslide victory, ending six years of turbulent Labor rule. Labor members cheered as Rudd entered the party's post-election event, leaving the outgoing prime minister pleasantly surprised. "Geez, I thought we lost," Rudd said to the crowd.



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