It took some time Tuesday night, but Gov. Mitt Romney conceded to President Barack Obama, who was elected to a second four-year term.
Obama was the clear winner after the electoral votes in Ohio were announced. Ohio was a major battleground state in the hard-fought race for president. Obama won, received 284 electoral-college votes, while Romney had 203 by the time the race was called around 10 a.m.
Romney, the GOP candidate, looked to unseat Obama with the economy and jobs being a major driving point in the heated race.
In his concession speech, Romney congratulated Obama, wishing the best for the president, the first lady and their two daughters.
“This is a time of great challenges for America and I pray that the president will be successful in guiding our nation,” Romney said.
Romney went on to thank running-mate Paul Ryan. The Wisconsin lawmaker ran as the vice presidential candidate. However, Obama carried Wisconsin in the election.
The Romney ticket did win in Arizona, with early unofficial results showing the Republican candidate leading the president 857,202-663,876.
In thanking his family, Romney said his wife would have been a “great first lady.”
It was a somber speech as Romney conceded the race, thanking his campaign staff, the volunteers and the donors.
“The nation, as you know, is at a critical point,” he said. “At a time like this we can’t risk partisan bickering and political posturing. Our leaders have to reach across the aisle to do the people’s work. I so wish that I had been able to fulfill your hopes to lead the country in a different direction. But the nation chose another leader. Ann and I join with you to earnestly pray for him and for this great nation.”
Shortly after Romney conceded the race, Obama took to the stage to give his victory speech.
“Tonight, in this election, you the American people reminded us that while our road had been hard, while the journey has been long, we have picked ourselves up and fought our way back and we know in our hearts that four the United States of America the best is yet to come,” he said. “I want to thank every American who participated in this election.”
Obama said he congratulated Romney and Ryan for a hard-fought campaign.
“The Romney family has chosen to give back to America through public service,” he said. “That is a legacy we applaud tonight. In the future, I look forward to sitting down with Gov. Romney to see how we can move this country forward.”
Obama recognized Vice President Joe Biden, and his wife, First Lady Michelle Obama along with his two daughters.
Obama said progress is not always a smooth path, but a common bond is where America can begin with the economy recovering, a decade of war ending, and a tough campaign is over.
"Whether I earned your vote or not, I have listened to you, I have learned from you, and you made me a better president," he said. "With your stories and your struggles, I return to the White House more determined and more inspired than ever. Tonight, you voted for action, not politics as usual. In the coming months I am looking forward to reaching out and working with leaders from both parties."
In what is being called a “status quo” election, besides the president being reelected, the U.S. Senate will remain a Democratic majority, while the U.S. House of Representatives will remain under Republican control.