“This is a time of great challenges for America and I pray that the president will be successful in guiding our nation,” Romney told supporters after calling Obama to congratulate him.
"His supporters and his campaign also deserve congratulations," he said, in the brief address at his Boston campaign headquarters. "I wish all of them well but particularly the president, the first lady and their daughters."
Obama defeated Romney in a series of key swing states, despite the weak economic recovery and stubbornly high unemployment that dogged his campaign.
Television networks called the election late on Tuesday, but the Romney campaign waited more than an hour to agree on the results in Ohio, at first saying they did not acknowledge the win Obama claimed.
“The nation as you know is at a critical point. 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... And we look to Democrats and Republicans in government at all levels to put the people before the politics” said Romney.
“I believe in America. I believe in the people of America. And I ran for office because I’m concerned about America. This election is over but our principles endure and I believe that the principles upon which this nation was founded are the only sure guide to a resurgent economy and renewed greatness.”
“I so wish that I had been able to fulfill your hopes to lead the country in another direction, but the nation chose another leader and so Ann and I join with you to earnestly pray for him and for this great nation.”