As tough as things have been, I am convinced you are tougher. I've seen your passion and I've seen your service. I've seen you engage and I've seen you turn out in record numbers. I've heard your voices amplified by creativity and a digital fluency that those of us in older generations can barely comprehend. I've seen a generation eager, impatient even, to step into the rushing waters of history and change its course.

That is the story of our history - whether it's the pursuit of prosperity for our people or the struggle for equality for all of our citizens, our commitment to stand up for our values abroad, and our sacrifices to make the world a safer place. Let us remember that we can do these things not just because of wealth or power, but because of who we are. One nation under God, indivisible, with liberty and justice for all.

I applaud the Supreme Court’s decision to strike down the Defense of Marriage Act. This was discrimination enshrined in law. It treated loving, committed gay and lesbian couples as a separate and lesser class of people. The Supreme Court has righted that wrong, and our country is better off for it. We are a people who declared that we are all created equal - and the love we commit to one another must be equal as well.

I've called on Congress to repeal the so-called Defense of Marriage Act to help end discrimination to help end discrimination against same-sex couples in this country. Now, I want to add we have a duty to uphold existing law, but I believe we must do so in a way that does not exacerbate old divides. And fulfilling this duty in upholding the law in no way lessens my commitment to reversing this law. I've made that clear.

In the campaign back in 2007, 2008, people would say, "Oh, he's being naïve. He thinks that there's no red states and blue states. And wait 'til he gets here." And I will confess that, I didn't fully appreciate the ways in which individual senators or members of Congress now are pushed to the extremes by their voter bases. I did not expect, particularly in the midst of crisis, just how severe that partisanship would be.

And when it comes to developing the high standards we need, it's time to stop working against our teachers and start working with them. Teachers don't go in to education to get rich. They don't go in to education because they don't believe in their children. They want their children to succeed, but we've got to give them the tools. Invest in early childhood education. Invest in our teachers and our children will succeed.

There are times where I'd say the Oval Office, you use to gather the facts. The decisions you probably make late at night, or at least I do. But there are some times where you think you've made a decision, but during that walk, where you're announcing the decision, you've just got to make sure that, you're prepared to live with it, because as you know George, a lot of these decisions are not - the outcomes are uncertain.

The American story has never been about things coming easy. It has been about rising to the moment when the moment is hard. About rejecting panicked division for purposeful unity. About seeing a mountaintop from the deepest valley. That is why we remember that some of the most famous words ever spoken by an American came from a president who took office in a time of turmoil: "The only thing we have to fear is fear itself.

What is required of us now is a new era of responsibility - a recognition, on the part of every American, that we have duties to ourselves, our nation, and the world, duties that we do not grudgingly accept but rather seize gladly, firm in the knowledge that there is nothing so satisfying to the spirit, so defining of our character, than giving our all to a difficult task. This is the price and the promise of citizenship.

In my heart I know you didn't come here just for me, you came here because you believe in what this country can be. In the face of war, you believe there can be peace. In the face of despair, you believe there can be hope. In the face of a politics that's shut you out, that's told you to settle, that's divided us for too long, you believe we can be one people, reaching for what's possible, building that more perfect union.

I believe that the free enterprise system is the greatest engine of prosperity the world's ever known. I believe in self-reliance and individual initiative and risk-takers being rewarded. But I also believe that everybody should have a fair shot and everybody should do their fair share and everybody should play by the same rules, because that's how our economy's grown. That's how we built the world's greatest middle class.

The thing that has disturbed me most about the Russian hacking episode is - and the thing that surprised me most has not been the fact of Russian hacking. The cyber world is full of information gathering, you know, propaganda, et cetera. I have been concerned about the degree to which, in some circles, you've seen people suggest that Vladimir Putin has more credibility than the U.S. government. I think that's something new.

Yes, this is hard. But there should be no question that the United States of America is stepping up to the plate. We recognize our role in creating this problem; we embrace our responsibility to combat it. We will do our part, and we will help developing nations do theirs. But we can only succeed in combating climate change if we are joined in this effort by every nation - developed and developing alike. Nobody gets a pass.

What can I do to make sure that middle-class families are feeling more secure, that more young people are able to access opportunity, that we are safe, that we are working with our international partners to try to create more order at a time when there's a lot of chaos? How do we deal with terrorism in a way that's consistent with our values? As long as I stay focused on those north stars, then I tend not to get too rattled.

We now live in a world where the most valuable skill you can sell is knowledge. Revolutions in technology and communication have created an entire economy of high-tech, high-wage jobs that can be located anywhere there's an internet connection. And today, a child in Chicago is not only competing for jobs with one in Boston, but thousands more in Bangalore and Beijing who are being educated longer and better than ever before.

We have seen violence and terror perpetrated by those who profess to stand up for faith, their faith. Professed to stand up for Islam, but in fact are betraying it. Humanity has been grappling with these questions throughout human history. And lest we get on our high horse and think this is unique to some other place, remember that during the Crusades and the Inquisition people committed terrible deeds in the name of Christ.

I was pretty realistic to people about what we could get done, and the situation we were in, and trying to tamp down expectations. If you listen to my stump speeches, if you listen to what I said at Grant Park, I kept on saying, "Look, this is not just about me, this is not going to happen in one year, or one term, or even one presidency." And we tried to layer into everything we were saying a sense of hope, but also realism.

For me and Michelle, this visit has therefore held special meaning. Throughout my life, including my work as a young man on behalf of the urban poor, I have always found inspiration in the life of Gandhiji and in his simple and profound lesson to be the change we seek in the world. And just as he summoned Indians to seek their destiny, he influenced champions of equality in my own country, including a young Martin Luther King

The president does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation. As commander in chief, the president does have a duty to protect and defend the United States. In instances of self-defense, the president would be within his constitutional authority to act before advising Congress or seeking its consent.

People take pride in being Irish-American and Italian-American. They have a particular culture that infuses the whole culture and makes it richer and more interesting. I think if we can expand that attitude to embrace African-Americans and Latino-Americans and Asian-Americans, then we will be in a position where all our kids can feel comfortable with the worlds they are coming out of, knowing they are part of something larger.

[...] we must start by inspiring our children with a sense of purpose...by nurturing their imagination so that they may dream big and then work hard to reach those dreams. Too often, our children spend hours playing Playstation without ever finding out how to build Playstation. They watch television but never wonder how it's put together. They surf web page after web page on the Internet, but are never taught how to design one.

Tonight, somewhere in America, a young person, let's say a young man, will struggle to fall to sleep, wrestling alone with a secret he's held as long as he can remember. Soon, perhaps, he will decide it's time to let that secret out. What happens next depends on him, his family, as well as his friends and his teachers and his community. But it also depends on us - on the kind of society we engender, the kind of future we build.

Now, the Iranian people are a great people, and Persian civilization is a great civilization. Iran has acted in ways that's not conducive to peace and prosperity in the region: their threats against Israel; their pursuit of a nuclear weapon which could potentially set off an arms race in the region that would make everybody less safe; their support of terrorist organizations in the past - none of these things have been helpful.

Simple exchanges can break down walls between us, for when people come together and speak to one another and share a common experience, then their common humanity is revealed. We are reminded that we're joined together by our pursuit of a life that's productive and purposeful, and when that happens mistrust begins to fade and our smaller differences no longer overshadow the things that we share. And that's where progress begins.

Today, about 40 percent of America's carbon pollution comes from our power plants. There are no federal limits to the amount those plants can pump into the air. None. We limit the amount of toxic chemicals like mercury, and sulfur, and arsenic in our air and water, but power plants can dump as much carbon pollution into our atmosphere as they want. It's not smart, it's not right, it's not safe, and I determined it needs to stop.

Everybody deserves fair treatment, equal treatment in the eyes of the law and the state. And that includes gays, lesbians, transgender persons. I am not a fan of discrimination and bullying of anybody on the basis of race, on the basis of religion, on the basis of sexual orientation or gender. This is actually part and parcel of the agenda that's also going to be front and centre, and that is how are we treating women and girls.

One very difficult decision was deciding to vote against the appropriations bill for the war. I had consistently said that I wanted to make sure our troops got the adequate and training in the war effort, despite the fact that I opposed the war at the point that the president decided to double down and send more troops. I had to vote against funding as a way of bringing it back to the table. That was a difficult decision for me.

In order to make the tough decisions we have to know what our values are and who we're fighting for and our priorities and if we are spending $300 billion on tax cuts for people who don't need them and weren't even asking for them, and we are leaving out health care which is crushing on people all across the country, then I think we have made a bad decision and I want to make sure we're not shortchanging our long term priorities.

The promotion of human rights cannot be about exhortation alone. At times, it must be coupled with painstaking diplomacy. I know that engagement with repressive regimes lacks the satisfying purity of indignation. But I also know that sanctions without outreach -- condemnation without discussion -- can carry forward only a crippling status quo. No repressive regime can move down a new path unless it has the choice of an open door.

I am here for my mother and all the Americans who are forced to spend time arguing with health insurance companies instead of focusing on getting well. I am here for the millions of lives that will be touched and in some cases, saved, by health insurance reform. I am here for the small businesses who are forced to choose between health care and hiring. I am here for the seniors who are unable to afford the prescriptions they need.

Cuba is actually one where I am more optimistic because of the unique nature of Cuba - 90 miles off our shore with a massive ex-patriot population, now Cuban-American population that still have deep links to the island. There I am more confident that over time that the winds of commerce and telecommunication and travel start shifting the nature of that regime. But that's a small country which has almost a unique relationship to us.

From Obama's book, "The Audacity of Hope:" "I am not willing to have the state deny American citizens a civil union that confers equivalent rights on such basic matters as hospital visitation or health insurance coverage simply because the people they love are of the same sex - nor am I willing to accept a reading of the Bible that considers an obscure line in Romans to be more defining of Christianity than the Sermon on the Mount."

In five days, you can turn the page on policies that put greed and irresponsibility on Wall Street before the hard work and sacrifice of folks on Main Street. In five days, you can choose policies that invest in our middle class, and create new jobs, and grow this economy, so that everyone has a chance to succeed, not just the CEO, but the secretary and janitor, not just the factory owner, but the men and women on the factory floor.

That is the true genius of America, a faith in the simple dreams of its people, the insistence on small miracles. That we can say what we think, write what we think, without hearing a sudden knock on the door. That we can have an idea and start our own business without paying a bribe or hearing a sudden knock on the door. That we can participate in the political process without fear of retribution, and that our votes will be counted.

Environmentalism is not an upper-income issue, it's not a white issue, it's not a black issue, it's not a South or a North or an East or a West issue. It's an issue that all of us have a stake in. And if I can do anything to make sure that not just my daughter but every child in America has green pastures to run in and clean air to breathe and clean water to swim in, then that is something I'm going to work my hardest to make happen.

It's not enough to celebrate the ideals that we're built on, liberty and justice and equality for all. Those just can't be words on paper, the work of every generation is to make those words mean something, concrete in the lives of our children. And we won't get there as long as kids in Baltimore or Ferguson or New York or Appalachia or the Mississippi delta or the Pine Ridge reservation believe that their lives are somehow worthless.

Going back to the discussion we were having about immigration reform, some of the most challenging discussions I've had are with activists who essentially would argue that any immigrant from Central America, let's say, who gets here to this country should be allowed to stay because their country is dangerous, their country is poor, and the opportunities for that mom and that kid are much greater here, and why would you send them back?

The American people want to make sure that the rules of the game are fair. And what that means is that if you look at surveys around Americans' attitudes on trade, the majority of the American people still support trade. But they're concerned about whether or not trade is fair, and whether we get the same access to other countries' markets that they have with us. Is there just a race to the bottom when it comes to wages, and so forth.

If we can make sure that that young boys starting at the age of three or four already knows their colors and their letters and are getting good preschool, and by the time they get into school they've got a good teacher and are getting the support that they need and are able to keep up with their classwork, that is going to do more to reduce the incarceration rate at the same time, obviously, as it increases the college enrollment rate.

Believe it or not, entertainment is part of our American diplomacy, it is part of what makes us exceptional, part of what makes us such a world power. Hundreds of millions of people may never set foot in the United States, but thanks to you, they've experienced a small part of what makes our country special. They've learned something about our values. We have shaped a world culture through you...in a way that has made the world better.

For everywhere we look, there is work to be done. The state of our economy calls for action: bold and swift. And we will act not only to create new jobs but to lay a new foundation for growth. We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. We will restore science to its rightful place and wield technology's wonders to raise health care's quality and lower its costs.

We had to get out of Chicago so quick. Election night happens, suddenly I'm talking to Ben Bernanke and Hank Paulson and trying to figure out whether the world's going to fly apart, and Michelle is trying to figure out where the girls are going to go to school. And we pack up and leave and basically our house in Chicago just became like a time capsule. My desk in my home office still had stacks of articles and bills and stuff from 2008.

We've got to make sure that we rebuild the infrastructure in America, because we used to be - have the best bridges, the best roads, the best airports. And now, when you go to China or you go to Europe, you see that they are outstripping us in terms of infrastructure. And if we put people back to work, that would be good not only in the short term, but it would also lay the foundation, the framework for long-term economic and job growth.

My top priority in any trade negotiation is expanding opportunity for hardworking Americans. It's no secret that past trade deals haven't always lived up to their promise, and that's why I will only sign my name to an agreement that helps ordinary Americans get ahead, the bill put forward today would help us write those rules in a way that avoids the mistakes from our past, seizes opportunities for our future and stays true to our values.

And, as a consequence of the pressure that we've applied over the last couple of weeks, we have Syria -- for the first time -- acknowledging that it has chemical weapons, agreeing to join the convention that prohibits the use of chemical weapons, and the Russians -- their primary sponsors -- saying that they will push Syria to get all of their chemical weapons out. The distance that we've traveled over these couple of weeks is remarkable.

If we want to make the best products, we also have to invest in the best ideas... Every dollar we invested to map the human genome returned $140 to our economy... Today, our scientists are mapping the human brain to unlock the answers to Alzheimer's... Now is not the time to gut these job-creating investments in science and innovation. Now is the time to reach a level of research and development not seen since the height of the Space Race.

The profound mistake of Reverend Wright's sermons is not that he spoke about racism in our society. It's that he spoke as if our society was static; as if no progress has been made; as if this country - a country that has made it possible for one of his own members to run for the highest office in the land and build a coalition of white and black; Latino and Asian, rich and poor, young and old - is still irrevocably bound to a tragic past.

We do not want to keep our troops in Afghanistan. We see no military - we seek no military bases there. It is agonizing for America to lose our young men and women. It is costly and politically difficult to continue this conflict. We would gladly bring every single one of our troops home if we could be confident that there were not violent extremists in Afghanistan and now Pakistan determined to kill as many Americans as they possibly can.

I know starting careers in troubled times is a challenge, but it is also a privilege. Because it's moments like these that force us to try harder, dig deeper and to discover gifts we never knew we had. To find the greatness that lies within each of us. So don't ever shy away from that endeavor. Don't stop adding to your body of work. I can promise that you will be the better for that continued effort as will be this nation that we all love.

What I consistently say to young people - I say it in the United States, but I'll say it here in Germany and across Europe: Do not take for granted our systems of government and our way of life. I think there is a tendency, because we have lived in an era that has been largely stable and peaceful, at least in advanced countries, where living standards have generally gone up, there is a tendency I think to assume that that's always the case.

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