President Obama's 2012 DNC Speech Video And Full Text Transcript

"Michelle, I love you. The other night, I think the entire country saw just how lucky I am. Malia and Sasha, you make me so proud.but don't get any ideas, you're still going to class tomorrow. And Joe Biden, thank you for being the best Vice President I could ever hope for. Madam Chairwoman, delegates, I accept your nomination for President of the United States.

The first time I addressed this convention in 2004, I was a younger man; a Senate candidate from Illinois who spoke about hope -- not blind optimism or wishful thinking, but hope in the face of difficulty; hope in the face of uncertainty; that dogged faith in the future which has pushed this nation forward, even when the odds are great; even when the road is long.

Eight years later, that hope has been tested -- by the cost of war; by one of the worst economic crises in history; and by political gridlock that's left us wondering whether it's still possible to tackle the challenges of our time. I know that campaigns can seem small, and even silly. Trivial things become big distractions.   Serious issues become sound bites.

And the truth gets buried under an avalanche of money and advertising. If you're sick of hearing me approve this message, believe me -- so am I. But when all is said and done -- when you pick up that ballot to vote -- you will face the clearest choice of any time in a generation.   Over the next few years, big decisions will be made in Washington, on jobs and the economy; taxes and deficits; energy and education; war and peace -- decisions that will have a huge impact on our lives and our children's lives for decades to come. On every issue, the choice you face won't be just between two candidates or two parties. It will be a choice between two different paths for America. A choice between two fundamentally different visions for the future.

Ours is a fight to restore the values that built the largest middle class and the strongest economy the world has ever known; the values my grandfather defended as a soldier in Patton's Army; the values that drove my grandmother to work on a bomber assembly line while he was gone.

They knew they were part of something larger -- a nation that triumphed over fascism and depression; a nation where the most innovative businesses turned out the world's best products, and everyone shared in the pride and success -- from the corner office to the factory floor. My grandparents were given the chance to go to college, buy their first home, and fulfill the basic bargain at the heart of America's story: the promise that hard work will pay off; that responsibility will be rewarded; that everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same rules -- from Main Street to Wall Street to Washington, DC.

I ran for President because I saw that basic bargain slipping away. I began my career helping people in the shadow of a shuttered steel mill, at a time when too many good jobs were starting to move overseas. And by 2008, we had seen nearly a decade in which families struggled with costs that kept rising but paychecks that didn't; racking up more and more debt just to make the mortgage or pay tuition; to put gas in the car or food on the table. And when the house of cards collapsed in the Great Recession, millions of innocent Americans lost their jobs, their homes, and their life savings -- a tragedy from which we are still fighting to recover. Now, our friends at the Republican convention were more than happy to talk about everything they think is wrong with America, but they didn't have much to say about how they'd make it right. They want your vote, but they don't want you to know their plan. And that's because all they have to offer is the same prescription they've had for the last thirty years:

"Have a surplus? Try a tax cut."

"Deficit too high? Try another."

"Feel a cold coming on? Take two tax cuts, roll back some regulations, and call us in the morning!"

Now, I've cut taxes for those who need it -- middle-class families and small businesses. But I don't believe that another round of tax breaks for millionaires will bring good jobs to our shores, or pay down our deficit. I don't believe that firing teachers or kicking students off financial aid will grow the economy, or help us compete with the scientists and engineers coming out of China. After all that we've been through, I don't believe that rolling back regulations on Wall Street will help the small businesswoman expand, or the laid-off construction worker keep his home.

We've been there, we've tried that, and we're not going back. We're moving forward. I won't pretend the path I'm offering is quick or easy.   I never have.

You didn't elect me to tell you what you wanted to hear. You elected me to tell you the truth. And the truth is, it will take more than a few years for us to solve challenges that have built up over decades. It will require common effort, shared responsibility, and the kind of bold, persistent experimentation that Franklin Roosevelt pursued during the only crisis worse than this one.

And by the way -- those of us who carry on his party's legacy should remember that not every problem can be remedied with another government program or dictate from Washington. But know this, America: Our problems can be solved. Our challenges can be met. The path we offer may be harder, but it leads to a better place. And I'm asking you to choose that future". 

The Video