Historically, when a previous US administration enters into an agreement, it carries forward into the future administration.

It ought to concern every person, because it is a debasement of our common humanity. It ought to concern every community, because it tears at our social fabric. It ought to concern every business, because it distorts markets. It ought to concern every nation, because it endangers public health and fuels violence and organized crime. I’m talking about the injustice, the outrage, of human trafficking, which must be called by its true name - modern slavery.

America isn't Congress. America isn't Washington. America is the striving immigrant who starts a business, or the mom who works two low-wage jobs to give her kid a better life. America is the union leader and the CEO who put aside their differences to make the economy stronger.

In a moment when the outcome of our revolution was most in doubt the father of our nation ordered these words be read to the people. Let it be told to the future world that in the depth of winter, when nothing but hope and virtue could survive, that the city and the country alarmed at one common danger came forth to meet it.

I would say that I have been consistent in my broad view of how American power should be deployed, and the view that we underestimate our power when we restrict it to just our military power. We shortchange our influence and our ability to shape events when that's the only tool we think we have in the toolbox.

For Democrats who are feeling completely discouraged, I've been trying to remind them, everybody remembers my Boston speech in 2004. They may not remember me showing up here in 2005 when John Kerry had lost a close election, Tom Daschle, the leader of the Senate, had been beaten in an upset. Ken Salazar and I were the only two Democrats that won nationally. Republicans controlled the Senate and the House, and two years later, Democrats were winning back Congress, and four years later I was President of the United States.

The ideals and the values of the United States inspired the entire world. I don't think any of us can say that our standing in the world now, the way children around the world look at the United States, is the same. And part of what we need to do is to send a message to the world that we are going to invest in issues like education, we are going to invest in issues that relate to how ordinary people are able to live out their dreams. And that is something that I'm going to be committed to as president of the United States.