I just received a very gracious phone call from Steve Poizner conceding the race. I want to commend Commissioner Poizner and his supporters for the energy they brought to their campaign.

It has been a tough campaign, but I'm a stronger candidate tonight because of it. I'm battle-tested.

And I'm ready to give Jerry Brown the toughest election fight he's faced in his 40 years of politics!

Let me take a moment to congratulate our great Republican Senate nominee Carly Fiorina on her victory this evening. Career politicians in Sacramento and Washington be warned - you now face your worst nightmare; two business women from the real world who know how to create jobs, balance budgets and get things done!

I have so many people to thankĀ… So many made tonight possible.

First, let me thank my husband Griff and our two sons. You can't take on a challenge this big without the love and support of family.

I want to thank Governor Wilson, the chairman of my campaign. My co-chairs, Congressman Kevin McCarthy, Congresswoman Mary Bono Mack, State Senator Tony Strickland, Assemblyman Nathan Fletcher, former Assemblywoman Sharon Runner and Bill Simon.

Let me also thank my great campaign team and the more than 20,000 volunteers across the state that helped make tonight possibleĀ… What an amazing effort. I'm so proud of all of you. In particular, I want to say thank you to Jillian Hasner, Mike Murphy, Jeff Randle and Henry Gomez.

But tonight's win would not have been possible without the trust of the voters. I'm humbled by this victory. I am so grateful for the support and the trust you've shown in me today. And I'm deeply committed to running a campaign that gives you hope for a better tomorrow.

We begin a new journey together tonight. We have it in our power to build A New California.

There is a clear choice in this election. California is in crisis. And we certainly cannot save California's future by repeating the failures of the past.

Jerry Brown has spent a lifetime in politics, and the results have not been good. Failure seems to follow Jerry everywhere he goes.

It's a record of promising much and delivering little. Of saying one thing, and then doing another.

With disastrous results:

For Jobs - during Jerry's last term as governor, California's unemployment rate nearly doubled to a then record high of 11 percent.

For Spending - while Jerry was Governor, state spending increased by 120 percent, he raised taxes, and still left a billion dollar deficit.

And For Education - with Jerry as mayor, Oakland schools deteriorated to the point that the state had to intervene.

Overall, a record of higher and higher taxes, more and more spending and near record unemployment. In other words, a 40-year record of politics as usual.

I say California can do better. Because while Jerry Brown's business is politics, my business is creating good new jobs.