Unless we are holding ourselves accountable day in, day out, not just when there's a crisis for folks who have power and influence and can hire lobbyists, but for the nurse, the teacher, the police officer, who, frankly, at the end of each month, they've got a little financial crisis going on. They're having to take out extra debt just to make their mortgage payments. We haven't been paying attention to them. And if you look at our tax policies in America, it's a classic example.

Acts of sacrifice and decency without regard to what's in it for you create a ripple effect. Ones that lift up families and communities, that spread opportunity.

I'm here with the Girardo family here in St. Louis.

No party has a monopoly on wisdom. No democracy works without compromise. But when Governor Romney and his allies in Congress tell us we can somehow lower our deficit by spending trillions more on new tax breaks for the wealthy - well, you do the math. I refuse to go along with that. And as long as I'm President, I never will.

We, the people, still believe that our obligations as Americans are not just to ourselves, but to all posterity.

There’s only one thing we can be sure of, and that is the love that we have -- for our children, for our families, for each other. The warmth of a small child’s embrace -- that is true. The memories we have of them, the joy that they bring, the wonder we see through their eyes, that fierce and boundless love we feel for them, a love that takes us out of ourselves, and binds us to something larger -- we know that’s what matters. We know we’re always doing right when we’re taking care of them, when we’re teaching them well, when we’re showing acts of kindness. We don’t go wrong when we do that.

I think raising wages, investing in infrastructure, making sure that people have access to good educations that equip them for the jobs of the future. Those are all agenda items that would help alleviate some of those economic pressures and dislocations that people are experiencing. The problem was I couldn't convince the Republican Congress to pass a lot of them.