I believe the United States of America must remain a standard bearer in the conduct of war. That is what makes us different from those whom we fight. That is a source of our strength. That is why I prohibited torture. That is why I ordered the prison at Guantanamo Bay closed. And that is why I have reaffirmed America's commitment to abide by the Geneva conventions. We lose ourselves when we compromise the very ideals that we fight to defend.

I'm not the caricature that you see on Fox News or Rush Limbaugh, but I'm somebody who is interested in solving problems and is pretty practical, and that, actually, a lot of the things that we've put in place worked better than people might think.

Some of the same politicians and pundits that are so quick to reject the possibility of a diplomatic solution to Iran's nuclear program are the same folks who were so quick to go to war in Iraq and said it would take a few months.

Tonight, with a new Iraqi government in place, and following consultations with allies abroad and Congress at home, I can announce that America will lead a broad coalition to roll back this terrorist threat.

The United States was founded on the idea that all people are endowed with inalienable rights, and that principle has allowed us to work to perfect our union at home while standing as a beacon of hope to the world. Today, that principle is embodied in agreements Americans helped forge - the Universal Declaration of Human Rights, the Geneva Conventions, and treaties against torture and genocide - and it unites us with people from every country and culture.

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.

I don't think that hedge funds are bad per se. I think they're just one more financial tool. And in that sense, they're useful.