As per TheWeek.com, President Obama stated the following:

We’ve endured too many of these tragedies in the past few years. The majority of those who died today were children. Beautiful little kids between the ages of 5 and 10 years old…

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People across the world are extremely saddened by the massacre that left 20 children dead. Our hearts are with the families and community of Newtown, Connecticut!

Please continue to pray for all of the students and faculty at Sandy Hook Elementary School!

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