To restore America's competitiveness, we must recruit a new generation of science and technology leaders by investing in diversity.

In sectors like energy, I haven't been arguing for more spending per se; I've been arguing that it doesn't make sense for us to spend $4 billion subsidizing an oil industry that's mature and very profitable. We should be using that money to finance clean energy of the future.

In recent years, we've become enamored with our own past success. Lulled into complacency by the glitter of our own achievements. We've become accustomed to the title of Military Superpower, forgetting the qualities that got us there. We've become accustomed to our economic dominance in the world, forgetting that it wasn't reckless deals and get rich quick schemes that got us where we are, but hard work and smart ideas, quality products and wise investments.

No other country in the world does what we do. On every issue, the world turns to us, not simply because of the size of our economy or our military might - but because of the ideals we stand for, and the burdens we bear to advance them.

Now, at times this issue has tended to degenerate into an 'either-or' type of debate. Either we protect our people from terror or we protect our most cherished principles. But that is a false choice. It asks too little of us and assumes too little about America.

There's something about these steps [in Oval Office] and thinking about everybody who's walked here and all the business that's been done here.

I've been keeping my own naughty and nice list for Washington.