Richmond, VA - Governor-elect Bob McDonnell says he's not going to waste any time in outlining his future plans for the Commonwealth.

He held his first press conference Wednesday at the state capitol.

After Tuesday night's win, he received several important phone calls one from President Barack Obama (web | news | bio) .

McDonnell says the president commended him on running a good campaign, but the governor-elect says now that the campaign is over, he's ready to prove to Virginia he will uphold his promises.

"The constitution only gives you four years to accomplish things here as governor of Virginia and I'm going to make sure that every act that I take in those early days will be looking at how do we create more jobs, new opportunities so more of our citizens can have access to that American dream," McDonnell said.

Meanwhile, Governor Tim Kaine (web) is already working with McDonnell to make sure there's a smooth transition of power in January. He called the Republican Wednesday morning to congratulate him on his win.

Kaine says the struggling economy will continue to be a challenge for state lawmakers.

"My goal as part of this transition is working with a great budget team to try to make as many of the hard decisions as I can on my way out the door to hopefully buy a little bit of time for the incoming Governor to assemble his team," Kaine said.

Kaine says he does not think last night's Democratic losses are a reflection on the Obama administration.

He believes the President's popularity will come more into play next year during mid-term elections.

As for Creigh Deeds, White House Spokesperson Robert Gibbs says Deeds was always the underdog.

Gibbs also re-iterated that since 1977 no party that has won the White House has gone on to capture Virginia's governorship the next year.

Meanwhile, Deeds is urging party supporters not to give up. He says Democrats still have "a whole pile of work" in front of them.

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