"I'm hopeful that going forward, we'll begin a return to the values we expect in our public life -- honesty, decency, compromise, and standing up for one another as Americans, not separated by our differences, but bound together by one common creed," Obama wrote in a statement.
Obama, who praised administration alumni who ran successfully in races, said what was more important than electoral victories was Democratic competitiveness in areas across the country.
"But even more important than what we won is how we won: by competing in places we haven't been competitive in a long time, and by electing record numbers of women and young veterans of Iraq and Afghanistan, a surge of minority candidates, and a host of outstanding young leaders," Obama said. "The more Americans who vote, the more our elected leaders look like America."
To candidates who fell short, Obama offered a special message, commending them for infusing "new energy and new blood into our democratic process."
"America will be better off for it for a long time to come," the statement read.
The former president signaled this is only the beginning for this new generation of voters as "the change we need won't come from one election alone."
In the days leading up to the elections, Obama hit the trail and rallied in support of several candidates, including Tallahassee Mayor Andrew Gillum in his unsuccessful bid to be Florida's next governor.
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