Our relationship with the European Union, which has done so much to promote stability, stimulate economic growth, and foster the spread of democratic values and ideals across the continent and beyond.

I have always believed that hope is that stubborn thing inside us that insists, despite all the evidence to the contrary, that something better awaits us so long as we have the courage to keep reaching, to keep working, to keep fighting." (Victory Speech, Nov. 7, 2012)

But it will depend on young people like you being open to new ideas and new possibilities. And it will require young people like you never to stereotype or assume the worst about other people.

America does not presume to know what is best for everyone

Here's what I can tell the American people: 95 percent of you will get a tax cut. And if you make less than $250,000, less than a quarter-million dollars a year, then you will not see one dime's worth of tax increase.

Even when our heart aches, we summon the strength that maybe we didn't even know we had, and we carry on; we finish the race.

We will finish the race.