We are reaching a tipping where the pace of settlements, during the course of my presidency has gotten so substantial that it's getting harder and harder to imagine an effective, contiguous Palestinian state. And I think it would have long-term consequences for peace and security in the region, and the United States, because of our investment in the region, and because we care so deeply about Israel, I think has a legitimate interest in saying to a friend, "This is a problem."

I will stand with Israel if they are attacked.

My job is exhilarating. It's challenging. I find that the governance part of it, the decision making part of it - actually comes - comes pretty naturally. I think I've got a great team. I think we're making good decisions. The the hardest thing about the job is staying focused. Because there's so many demands and decisions that are pressed upon you.

Peace is not just the absence of war. True peace depends upon creating the opportunity that makes life worth living. And to do that, we must confront the common enemies of human beings: nuclear weapons and poverty; ignorance and disease.

Military surge in Afghanistan to eliminate the Taliban.

And whether I earned your vote or not, I have listened to you. I have learned from you. And you’ve made me a better president. And with your stories and your struggles, I return to the White House more determined and more inspired than ever about the work there is to do and the future that lies ahead.

That's why I stand here tonight. Because for two hundred and thirty two years, at each moment when that promise was in jeopardy, ordinary men and women - students and soldiers, farmers and teachers, nurses and janitors - found the courage to keep it alive.