And we remember the end of our combat mission and the emergence of a new dawn - the precision of our efforts against al Qaeda in Iraq, the professionalism of the training of Iraqi security forces, and the steady drawdown of our forces. In handing over responsibility to the Iraqis, you preserved the gains of the last four years and made this day possible.

We remain a young nation, but in the words of Scripture, the time has come to set aside childish things. The time has come to reaffirm our enduring spirit; to choose our better history; to carry forward that precious gift, that noble idea, passed on from generation to generation: the God-given promise that all are equal, all are free, and all deserve a chance to pursue their full measure of happiness.

I promised to bring change to Washington. The underlying reason for the economic mess we're in has been building for years. It's a fundamental imbalance in which the top 1 percent now gets almost a quarter of all national income. We haven't seen income and wealth this concentrated since the late nineteen twenties, and we all know what happened then - the Great Depression. We'll never really get out of the gravitational pull of the Great Recession until we fix this basic problem.

I am asking my Attorney General to create a special unit of federal prosecutors and leading state attorneys general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis. This new unit will hold accountable those who broke the law, speed assistance to homeowners, and help turn the page on an era of recklessness that hurt so many Americans.

Even as we do all that's necessary to ensure Israel's security, even as we are clear-eyed about the difficult challenges before us, and even as we pledge to stand by Israel through whatever tough days lie ahead, I hope we do not give up on that vision of peace. For if history teaches us anything, if the story of Israel teaches us anything, it is that with courage and resolve, progress is possible. Peace is possible.

I want to express our grieve and condolences to the families of two hostages: one American, Dr. Warren Weinstein and an Italian Giovanni LaPorto who were tragically killed in a U.S. counterterrorism operation.

Now let me be clear - I suffer no illusions about Saddam Hussein. He is a brutal man. A ruthless man. A man who butchers his own people to secure his own power. He has repeatedly defied UN resolutions, thwarted UN inspection teams, developed chemical and biological weapons, and coveted nuclear capacity. He's a bad guy. The world, and the Iraqi people, would be better off without him.