Republican candidate and Massachusetts governor Mitt Romney on Wednesday conceded defeat to President Barack Obama, congratulating the later and his wife and daughters on his second term.

 

Romney put on a brave face, graciously congratulating Obama and saying he prayed that he would be able to guide the nation properly.

 

He faced his supporters in Boston to deliver his concession speech, wherein he thanked his family, his vice presidential candidate Paul Ryan, his team and those that voted for him.

 

He noted, “I have just called President Obama to congratulate him of his victory. I wish all of them well but particularly the President, the first lady and their daughters. This is a time of great challenges for America and I pray that the President will be successful in guiding the nation.”

 

Romney, in a show of class, encouraged Americans to back Obama as well as he takes on his second year in office.

 

He added, “The nation as you know is in a critical point, at a time like this, we can’t [afford] partisan bickering… we citizens also have to rise to the occasion.”

 

While the mood was somber before Romney came, the crowd welcomed Romney on stage, cheering.

 

In quite a positive move, Romney ended his speech in an optimistic note raising the spirits of his supporters.  He remarked, “I believe in America, I believe in the people of America, and I ran for office because I’m concerned about America.”

 

He said he believed the principles in which his country stands were the only sure guide to a resurgent economy and renewed greatness.

 

The republican also informed he and his family had given all they could to the campaign, but respected the fact that the nation chose another leader.

 

His concession speech came slightly later than expected, even after television networks projected Obama’s victory. Romney’s camp initially refused to concede, in hopes that they could still win the state of Ohio.

 

As of the time of his speech, CNN gave Obama 303 electoral votes versus Romney’s 203. A candidate needs 270 electoral votes to get to the White House.

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