President Barack Obama who was re-elected last night delivered an emotional victory speech early Wednesday morning from Chicago after his hard-fought 2012 reelection victory was announced by major networks. Obama won with a convincing electoral college vote of 303-206 (Florida is still being counted).

“Tonight, in this election, you, the American people, reminded us that while our road has been hard, while our journey has been long, we have picked ourselves up, we have fought our way back, and we know in our hearts that for the United States of America, the best is yet to come,” Obama proclaimed amid prolonged cheers.

Obama added, “This country has more wealth than any nation, but that’s not what makes us rich. We have the most powerful military in history, but that’s not what makes us strong. Our university, our culture are all the envy of the world, but that’s not what keeps the world coming to our shores. What makes America exceptional are the bonds that hold together the most diverse nation on Earth, the belief that our destiny is shared, that this country only works when we accept certain obligations to one another and to future generations, so that the freedom which so many Americans have fought for and died for come with responsibilities as well as rights, and among those are love and charity and duty and patriotism. That’s what makes America great.”

Watch President Obama’s victory speech in the video clip below: