Our patience is not infinite. We're not willing to let this go on forever.

And so you [young Americans]need to be the Idea Generation. The generation who's always thinking on the cutting edge, who's wondering how to create and keep the next wave of American jobs and American innovations, who's figuring out how to out-compete the Idea Generations of Indias and Chinas of the world.

I'm no longer just a candidate. I'm the President. I know what it means to send young Americans into battle, for I have held in my arms the mothers and fathers of those who didn't return. I've shared the pain of families who've lost their homes, and the frustration of workers who've lost their jobs.

My administration will be the most transparent in history

You wouldn't know that if you talked to Human Rights Watch or Amnesty International or some of the international activist organizations. Certainly you wouldn't know that if you were talking to some of the writers who criticize our drone policy. But I've actually told my staff it's probably good that they stay critical of this policy, even though I think right now we're doing the best that we can in a dangerous world with terrorists who would gladly blow up a school bus full of American kids if they could.

We need to internalize this idea of excellence. Not many folks spend a lot of time trying to be excellent.

There are times where I've made mistakes or our administration hasn't always aligned ourselves with the values we need to align ourselves with. It's a work of constant improvement.