Former President Barack Obama released a statement after Vice President Kamala Harris’ blowout election loss to former President Donald Trump.

In a statement posted to social media, Obama partially admitted to a few reasons that were responsible for Harris’s defeat.

“As I said on the campaign trail, America has been through a lot over the last few years — from a historic pandemic and price hikes resulting from the pandemic, to rapid change and the feeling a lot of folks have that, no matter how hard they work, treading water is the best they can do,” Obama said.

“Those conditions have created headwinds for democratic incumbents around the world, and last night showed that America is not immune. The good news is that these problems are solvable — but

only if we listen to each other, and only if we abide by the core constitutional principles and democratic norms that made this country great,” Obama added.

During October, Obama toured the country to support Harris’s campaign. His wife, former First Lady Michelle Obama, also spoke at a few events.

Obama also congratulated Trump and Sen. JD Vance (R-OH) on winning the race.