By the way, you know, Mitt Romney and McCain, I don't agree with them, but they would have been okay. I could have been satisfied with them.

I think that when it comes to issues of trade, I think it is important for us to be in favor of trade, but I also think it is important to make sure that we are putting in place the labor standards, the environmental standards, that are going to provide some of a fighting chance for American workers.

I do think that I am generally optimistic.

I know many of you are hurting and angry about the economy, and I don't blame you. It's the worst economy since the Great Depression. When consumers can't buy and businesses won't expand for lack of customers, the government has to be the purchaser and employer of last resort. We learned that in the Great Depression, but Republicans obviously didn't - and they've blocked every jobs program I've offered.

Our job as Americans is to restore that basic bargain that says, if you work hard, if you're willing to meet your responsibilities, you can get ahead. You can get ahead. Doesn't matter what you look like, doesn't matter where you come from. Our middle class, when it's growing, when it's thriving, when there are ladders of opportunity for people to do a little bit better each year and then make sure that their kids are doing even better than them, that's the American dream. That's what we got to fight for. That has to be the north star that guides everything we do.

This is the defining issue of our time. This is a make-or-break moment for the middle class and for all those who are fighting to get into the middle class.

The United States is imposing sanctions on individuals and companies working to advance Iran's ballistic missile program, and we are going to remain vigilant about it. We're not going to waver in the defense of our security or that of our allies and partners.