Mitt Romney Concedes South Carolina Primary

GOP candidate congratulates Gingrich and looks toward his campaign in Florida.
10:31 | 01/21/12

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Transcript for Mitt Romney Concedes South Carolina Primary
-- You guys yeah guys are -- -- And. I. -- you should -- when we win -- class. -- This race. This raises could be even more interesting I just wanna say -- you guys thank you so very much for all your help over the last days and months -- weeks. Going across this great state I appreciate all the calls you made all the people that your -- -- the polls for us this is an exciting day for us -- -- -- say thanks to all the people that -- let's Begin. With your governor governor Nikki Haley and. There's still very much. And treasurer Curtis Loftus who's -- my campaign and I appreciate his help. I. A number of state legislators they Valentine has been one of those has been would be from the very beginning. David -- At a course that the people of South Carolina who helped this campaign I tell you so very much thank you for this great night. Tonight -- I want to congratulate of course as speaker Gingrich and my fellow Republicans -- a hard fought campaign here in South Carolina. We're now three contests into a long primary season this is a hard fight because there's so much worth fighting for. The we've -- still got a long way to go and a lot of work to do and tomorrow we're gonna move on to Florida. -- It's. It's -- state that has suffered terribly under the failed policies of President Obama. Three years ago we had nothing but promises -- slogans by which to judge this president. Today we have a record have deficits decline. And debt. -- Obama likes to remind us elections have consequences. Well today the consequences. Are clear and the stakes have never been higher. I said this before. And I firmly believe that this election is a battle for the soul of America. It's. It's a choice. It's a choice between two very different -- for America. President Obama wants to fundamentally transform our country. We want to restore to America the founding principles that made this country great in the hope of the earth. He is -- the federal government bigger. And bloated. I want to make the federal government simpler smaller and smarter and we'll do it. He has raised the national debt time and time again to astronomical levels I will cut the budget. I will -- the budget and I will finally. Balance the United States budget. He has. He has an active. Job killing regulations that will eliminate them he passed obamacare I will repeal it. It. The president. The president has adopted an appeasement strategy. He believes in America's role as leader of the world is a thing of the past. I believe -- a strong America and I believe that America must lead this nation nationally this world and be the leader of the free world and the free world must -- the entire world. I yeah. In recent weeks. The choice within our party has also -- -- stark focus. President Obama has no experience running a business and no experts running -- state. Our party can't be led to victory by someone who also has never out of business and never run a state. It. Our president has divided the nation. Engage the class warfare. And attacked the free enterprise system that has made America the economic envy of the world we cannot defeat that president with the candidate. Who has joined in that very assault on free enterprise. And I. When my what my opponent's attacks success in free enterprise. There Natalie attacking me. There -- attacking every person who dreams of a better future. He's attacking you. I will support you I will help you have a better future I'll make sure that America -- about the -- I'm passionate. -- passionate about -- economic liberty because I have witnessed our free enterprise system. As it rewards the hard work of -- and creates prosperity for all in this great country. And over the past few weeks we've seen -- frontal assault on free enterprise. We expected this from pres Obama. We didn't anticipate some republic as a -- and that's a mistake for our party and for our nation. Hours as the party of free enterprise. -- The Republican Party it. Doesn't demonize prosperity we celebrate success and our party. That's that's one of the big differences between our party and our president he leaves the party of big government. He believes an ever expanding entitlement. He's wrong. We're right and this is a battle we cannot lose. Those who pick up the weapons of the left today. Will find them turned against us tomorrow. That's the choice our party gives America. Or else we don't offer them any choice at all. And Americans in my view will demand a real choice in this campaign between those people who believe in prosperity and success and opportunity and those who believe in government and I think they'll choose us. And. And Holloway. -- -- -- if a President Obama thinks he can -- his record of job losses with my record of job creation. That's a battle we're gonna win. And if he thinks you can compare his record of crony capitalism. -- my record of free market success that's about all we can win. And -- And -- a big player. If Republican leaders want to join this president in demonizing success. And disparaging conservative values than they're not gonna be fit to be our nominee. The now. Our campaign -- fought very hard here -- South Carolina. In the coming weeks and months. Keep fighting for every single vote I will compete in every single state. We're gonna win this nomination we're gonna defeat present a bomb in November. Clark campaign will be about the business as I helped start. -- the bills I tried to pass. And above all our campaign will champion the founding principles of liberty. Opportunity and economic freedom. I don't shrink from competition. I embrace -- I believe competition makes us all better. And -- what's making our campaign stronger. And in the coming weeks the ideals of free enterprise and economic freedom. Will need a very strong defense and I intend to make it. -- -- The American vehicles. The American people. I thank you yeah. The. And agrees with the the American people will be looking for a real choice in this campaign. And I will provide it. The plan -- offering protects freedom and opportunity. And our blueprint. It's the constitution of the United States -- and I. If you want to make this election. About restoring American greatness. And I hope you'll join us if you believe the disappointments of the last -- years are a detour. Not a destiny. And I'm asking for your vote. We still believe. In the America that's a land of opportunity. And a beacon of freedom we believe in the America the challenges each of us be better. And bigger than ourselves. We still believe -- that shining city on the hill this election. I'm asking for support we need you to join in the fight. Thank you and god bless the United States. --

This transcript has been automatically generated and may not be 100% accurate.

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