I think it's important to recognize that you can't have 100 per cent security and also then have 100 per cent privacy and zero inconvenience.... In the abstract you can complain about Big Brother and how this is a potential program run amok, but when you actually look at the details then I think we've struck the right balance.

We won't apologise for our way of life, nor will we weaver in its defence, and for those who seek to advance their aims by inducing terror and slaughtering innocents, we say to you now that our spirit is stronger and cannot be broken, you cannot outlast us, and we will defeat you.

The American story has never been about things coming easy. It has been about rising to the moment when the moment is hard. About rejecting panicked division for purposeful unity. About seeing a mountaintop from the deepest valley. That is why we remember that some of the most famous words ever spoken by an American came from a president who took office in a time of turmoil: "The only thing we have to fear is fear itself.

Despite all the noise and hullabaloo - military cooperation, intelligence cooperation, all of that has continued. We have defended them consistently in every imaginable way. But I also believe that both for our national interests and Israel's national interests that allowing an ongoing conflict between Israelis and Palestinians that could get worse and worse over time is a problem. And that settlements contribute.

I believe moderates will need to be driven out in order to usher in the progressive era.

I think I'm able to reach a lot of folks, despite the fact that the conventional news media sometimes says, "You know, this speech is too long," or "It's too complicated," or "He needs to have better sound bites," or what have you.

To those Americans whose support I have yet to earn, I may not have won your vote tonight, but I hear your voices. I need your help. And I will be your president, too.