A good compromise, a good piece of legislation, is like a good sentence; or a good piece of music. Everybody can recognize it. They say, 'Huh. It works. It makes sense.'

America is the greatest country on Earth. But because of some of the mistakes that have been made, we, I think, are going to have a lot of work to do in the next administration to restore that sense that America is that shining beacon on a hill.

Now, some have said I blame too many problems on my predecessor, but let's not forget that's a practice that was initiated by George W. Bush.

For half of the world's population, roughly three billion people around the world living on less than two dollars a day, an election is at best a means, not an end; a starting point, not deliverance. These people are looking less for an "electocracy" than for the basic elements that for most of us define a decent life--food, shelter, electricity, basic health care, education for their children, and the ability to make their way through life without having to endure corruption, violence, or arbitrary power.

[We should beware] that our democracy stays healthy. And making sure that we maintain that sense of solidarity.

If we are going to solve the challenges we face, you need a President who will pursue genuine solutions day in and day out. And that is my commitment to you. We need immigration reform that will secure our borders, and punish employers who exploit immigrant labor; reform that finally brings the 12 million people who are here illegally out of the shadows by requiring them to take steps to become legal citizens. We must assert our values and reconcile our principles as a nation of immigrants and a nation of laws. That is a priority I will pursue from my very first day.

In Africa, you often see that the difference between a village where everybody eats and a village where people starve is government. One has a functioning government, and the other does not. Which is why it bothers me when I hear people say that government is the enemy. They don't understand its fundamental role.