We continue to urge China and other claimants to work constructively to resolve these disagreements, so that the South China Sea - which is so vital to the global economy - can be defined by commerce and cooperation.

Americans... still believe in an America where anything's possible - they just don't think their leaders do.

Now, in practice, in daily social interactions, etc., there may be all kinds of biases and prejudices that are unspoken, that people aren't aware of, that affect who's hired, and who gets loans, and how kids are treated in school. But it's a powerful thing if you have on your side an idea that the overwhelming majority of people believe in because that's how you can build a consensus that's lasting.

I found during the course of my political career on the national scene there's a point where the vanity burns away and you've had your fill of your name in the papers, or big adoring crowds, or the exercise of power. And for me that happened fairly quickly. And then you are really focused on: What am I going to get done with this strange privilege that's been granted to me? How do I make myself worthy of it?

I wonder, sometimes, whether men and women in fact are capable of learning from history--whether we progress from one stage to the next in an upward course or whether we just ride the cycles of boom and bust, war and peace, ascent and decline.

For as much as government can do and must do, it is ultimately the faith and determination of the American people upon which this nation relies. So let us mark this day with remebrance, of who we are and how far we have traveled.

Our nation honors its unbroken line of fallen heroes - and I see many of them in the audience here today.