by Evie Stone

McCain opens by saying, "The American people have spoken, and they have spoken clearly."

The crowd at the Biltmore boos when McCain says he called to congratulate Obama, but they applaud when he says Obama's election represents a milestone in the history of race relations in this country. McCain adds that African-Americans must be feeling "special pride" tonight.

He urges his supporters to offer Obama "goodwill and earnest effort to come together" and bridge their differences. He assures his supporters that "the failure is mine, not yours."

Sarah Palin receives a warm welcome from the crowd. McCain calls her "one of the best campaigners I've ever seen" and compliments her on her "courage and grace".

He closes by wishing "Godspeed" to Obama, and calling on all Americans to believe in the "promise and greatness of America."