Obama concedes

Sen. Barack Obama (D-Ill.) conceded the New Hampshire primary to Sen. Hillary Clinton after election returns showed a consistent and insurmountable lead. But he was still upbeat about his prospects.

"I am still fired up and ready to go," Obama said. "There is something happening in America."

His words were drowned out by cheering from supporters: "We want change!"

Obama's speech pivoted around his victory in Iowa, and he said he intends to place power into the hands of the American people. "You can be the new majority that can lead this country out of a long political darkness," he said.

In the speech, Obama attacked Clinton for her comments about him pandering with "false hope."

"We have been told we can't do this by a chorus of cynics," he said. "We have been told to pause for a reality check. We have been warned against offering false hope. But in the history of America there has never been anything false about hope."

Founder of the University's campaign group Students for Obama was upbeat about the campaign as well. "'Yes we can' kind of sums up the theme of the campaign," he said. "If you look at the polls from a month ago, we never would have expected to come within three points of Clinton."