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Source Title: Reading the Book of Oneself • Krishnamurti Foundation Trust

Source URL: https://kfoundation.org/oneself/

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Title: Reading the Book of Oneself • Krishnamurti Foundation Trust

URL: https://kfoundation.org/oneself/

Selected Text:
THE WHOLE STORY of humankind is in you. The vast experiences, the deep-rooted fears, anxieties, sorrows, pleasures, and all the beliefs we have accumulated for millennia – you are that story, that book. To read that book is an art. The book is not printed by any publisher. You can’t buy it in any bookshop. You can’t go to an analyst or scientist to help you read it because their books are the same as yours. A scientist may have a great deal of information about matter and astrophysics, but their book, the story of humankind, is the same as yours. Without carefully, patiently, hesitantly reading that book, you will never be able to change the society in which we live: a society that is corrupt, immoral, with a great deal of poverty and injustice. Anyone seriously concerned with things as they are in the world, with all the chaos, corruption, war – which is the greatest crime – and concerned with bringing about a radical change in our society and its structure, must be able to read the book which is oneself. That society is brought about by each one of us, and by our parents and grandparents, and so on – all human beings have created this society. Unless it is changed, there will be more corruption, more wars and greater destruction of the human mind. That is a fact. So, in reading this book, which is yourself, there is an art to listening to what the book is saying. This means not to interpret what the book is saying but just to observe it as you would observe a cloud. You can’t do anything about the cloud, nor a palm leaf swaying in the wind, nor the beauty of a sunset – you cannot alter it, you cannot argue with it, you cannot change it. It is so. The book is you, so you can’t tell the book what it should reveal. It will reveal everything. So there is the art of listening to what the book is saying, and that must be the first art. There is another art: the art of observation, seeing. When you read the book, which is yourself, there is not you and the book. There is not the reader and the book separate; the book is you. So you are observing the book, not telling it what it should say. That is, reading and observing all the reactions the book reveals, seeing very clearly without any distortion the lines, the chapter

"(I Can't Get No) Satisfaction"

I can't get no satisfaction
I can't get no satisfaction
'Cause I tried and I tried and I tried and I tried
I can't get no, I can't get no

When I'm driving in my car
And a man talks on the radio
He's telling me more and more
About some useless information
Supposed to fire my imagination

I can't get no
Oh no no no
Hey hey hey
That's what I said

I can't get no satisfaction
I can't get no satisfaction
'Cause I tried and I tried and I tried and I tried
I can't get no, I can't get no

When I'm watching my TV
And a man comes on and tells me
How white my shirts can be
But he can't be a man 'cause he doesn't smoke
The same cigarettes as me

I can't get no
Oh no no no
Hey hey hey
That's what I said

I can't get no satisfaction
I can't get no girl reaction
'Cause I tried and I tried and I tried and I tried
I can't get no, I can't get no

When I'm riding round the world
And I'm doing this and I'm signing that
And I'm trying to make some girl who tell me
Baby better come back maybe next week
'Cause you see I'm on a losing streak

I can't get no
Oh no no no
Hey hey hey
That's what I said

I can't get no
I can't get no
I can't get no
No satisfaction
No satisfaction
No satisfaction
No satisfaction
I can't get no

"Little Red Rooster"

I am the little red rooster
Too lazy to crow for day
I am the little red rooster
Too lazy to crow for day

Keep everything in the farm yard upset in every way

The dogs begin to bark and hounds begin to howl
Dogs begin to bark and hounds begin to howl
Watch out strange cat people
Little red rooster's on the prowl

If you see my little red rooster
Please drive him home
If you see my little red rooster
Please drive him home

Ain't had no peace in the farm yard
Since my little red rooster's been gone

Farewell Address


United States, September 19, 1796.



Friends, and Fellow-Citizens: The period for a new election of a Citizen, to Administer the Executive government of the United States, being not far distant, and the time actually arrived, when your thoughts must be employed in designating the person, who is to be cloathed with that important trust, it appears to me proper, especially as it may conduce to a more distinct expression of the public voice, that I should now apprise you of the resolution I have formed, to decline being considered among the number of those, out of whom a choice is to be made.

I beg you, at the same time, to do me the justice to be assured, that this resolution has not been taken, without a strict regard to all the considerations appertaining to the relation, which binds a dutiful citizen to his country, and that, in with drawing the tender of service which silence in my situation might imply, I am influenced by no diminution of zeal for your future interest, no deficiency of grateful respect for your past kindness; but am supported by a full conviction that the step is compatible with both.

The acceptance of, and continuance hitherto in, the office to which your Suffrages have twice called me, have been a uniform sacrifice of inclination to the opinion of duty, and to a deference for what appeared to be your desire. I constantly hoped, that it would have been much earlier in my power, consistently with motives, which I was not at liberty to disregard, to return to that retirement, from which I had been reluctantly drawn. The strength of my inclination to do this, previous to the last Election, had even led to the preparation of an address to declare it to you; but mature reflection on the then perplexed and critical posture of our Affairs with foreign Nations, and the unanimous advice of persons entitled to my confidence, impelled me to abandon the idea.

I rejoice, that the state of your concerns, external as well as internal, no longer renders the pursuit of inclination incompatible with the sentiment of duty, or propriety; and am persuaded whatever partiality may be retained for my services, that in the present circumstances of our country, you will not disapprove my determination to retire.

The impressions, with which I first undertook the arduous trust, were explained on the proper occasion. In the discharge of this trust, I will only say, that I have, with good intentions, contributed towards the Organization and Administration of the government, the best exertions of which a very fallible judgment was capable. Not unconscious, in the outset, of the inferiority of my qualifications, experience in my own eyes, perhaps still more in the eyes of others, has strengthened the motives to diffidence of myself; and every day the encreasing weight of years admonishes me more and more, that the shade of retirement is as necessary to me as it will be welcome. Satisfied that if any circumstances have given peculiar value to my services, they were temporary, I have the consolation to believe, that while choice and prudence invite me to quit the political scene, patriotism does not forbid it.

In looking forward to the moment, which is intended to terminate the career of my public life, my feelings do not permit me to suspend the deep acknowledgment of that debt of gratitude wch. I owe to my beloved country, for the many honors it has conferred upon me; still more for the stedfast confidence with which it has supported me; and for the opportunities I have thence enjoyed of manifesting my inviolable attachment, by services faithful and persevering, though in usefulness unequal to my zeal. If benefits have resulted to our country from these services, let it always be remembered to your praise, and as an instructive example in our annals, that, under circumstances in which the Passions agitated in every direction were liable to mislead, amidst appearances sometimes dubious, viscissitudes of fortune often discouraging, in situations in which not unfrequently want of Success has countenanced the spirit of criticism, the constancy of your support was the essential prop of the efforts, and a guarantee of the plans by which they were effected. Profoundly penetrated with this idea, I shall carry it with me to my grave, as a strong incitement to unceasing vows that Heaven may continue to you the choicest tokens of its beneficence; that your Union and brotherly affection may be perpetual; that the free constitution, which is the work of your hands, may be sacredly maintained; that its Administration in every department may be stamped with wisdom and Virtue; that, in fine, the happiness of the people of these States, under the auspices of liberty, may be made complete, by so careful a preservation and so prudent a use of this blessing as will acquire to them the glory of recommending it to the applause, the affection, and adoption of every nation which is yet a stranger to it.

Here, perhaps, I ought to stop. But a solicitude for your welfare, which cannot end but with my life, and the apprehension of danger, natural to that solicitude, urge me on an occasion like the present, to offer to your solemn contemplation, and to recommend to your frequent review, some sentiments; which are the result of much reflection, of no inconsiderable observation, and which appear to me all important to the permanency of your felicity as a People. These will be offered to you with the more freedom, as you can only see in them the disinterested warnings of a parting friend, who can possibly have no personal motive to biass his counsel. Nor can I forget, as an encouragement to it, your endulgent reception of my sentiments on a former and not dissimilar occasion[.]1

Interwoven as is the love of liberty with every ligament of your hearts, no recommendation of mine is necessary to fortify or confirm the attachment.

The Unity of Government which constitutes you one people is also now dear to you. It is justly so; for it is a main Pillar in the Edifice of your real independence, the support of your tranquility at home; your peace abroad; of your safety; of your prosperity; of that very Liberty which you so highly prize. But as it is easy to foresee, that from different causes and from different quarters, much pains will be taken, many artifices employed, to weaken in your minds the conviction of this truth; as this is the point in your political fortress against which the batteries of internal and external enemies will be most constantly and actively (though often covertly and insidiously) directed, it is of infinite moment, that you should properly estimate the immense value of your national Union to your collective and individual happiness; that you should cherish a cordial, habitual and immoveable attachment to it; accustoming yourselves to think and speak of it as of the Palladium2 of your political safety and prosperity; watching for its preservation with jealous anxiety; discountenancing whatever may suggest even a suspicion that it can in any event be abandoned, and indignantly frowning upon the first dawning of every attempt to alienate any portion of our Country from the rest, or to enfeeble the sacred ties which now link together the various parts.

For this you have every inducement of sympathy and interest. Citizens by birth or choice, of a common country, that country has a right to concentrate your affections. The name of American, which belongs to you, in your national capacity, must always exalt the just pride of Patriotism, more than any appellation derived from local discriminations. With slight shades of difference, you have the same Religion, Manners, Habits and political Principles. You have in a common cause fought and triumphed together. The independence and liberty you possess are the work of joint councils, and joint efforts; of common dangers, sufferings and successes.

But these considerations, however powerfully they address themselves to your sensibility are greatly outweighed by those which apply more immediately to your Interest. Here every portion of our country finds the most commanding motives for carefully guarding and preserving the Union of the whole.

The North, in an unrestrained intercourse with the South, protected by the equal Laws of a common government, finds in the productions of the latter, great additional resources of Maratime and commercial enterprise and precious materials of manufacturing industry. The South in the same Intercourse, benefitting by the Agency of the North, sees its agriculture grow and its commerce expand. Turning partly into its own channels the seamen of the North, it finds its particular navigation envigorated; and while it contributes, in different ways, to nourish and increase the general mass of the National navigation, it looks forward to the protection of a Maratime strength, to which itself is unequally adapted. The East, in a like intercourse with the West, already finds, and in the progressive improvement of interior communications, by land and water, will more and more find a valuable vent for the commodities which it brings from abroad, or manufactures at home. The West derives from the East supplies requisite to its growth and comfort, and what is perhaps of still greater consequence, it must of necessity owe the secure enjoyment of indispensable outlets for its own productions to the weight, influence, and the future Maritime strength of the Atlantic side of the Union, directed by an indissoluble community of Interest as one Nation. Any other tenure by which the West can hold this essential advantage, whether derived from its own seperate strength, or from an apostate3 and unnatural connection with any foreign Power, must be intrinsically precarious.

While then every part of our country thus feels an immediate and particular Interest in Union, all the parts combined cannot fail to find in the united mass of means and efforts greater strength, greater resource, proportionably greater security from external danger, a less frequent interruption of their Peace by foreign Nations; and, what is of inestimable value! they must derive from Union an exemption from those broils and Wars between themselves, which so frequently afflict neighbouring countries, not tied together by the same government; which their own rivalships alone would be sufficient to produce, but which opposite foreign alliances, attachments and intriegues would stimulate and imbitter. Hence likewise they will avoid the necessity of those overgrown Military establishments, which under any form of Government are inauspicious to liberty, and which are to be regarded as particularly hostile to Republican Liberty: In this sense it is, that your Union ought to be considered as a main prop of your liberty, and that the love of the one ought to endear to you the preservation of the other.

These considerations speak a persuasive language to every reflecting and virtuous mind, and exhibit the continuance of the Union as a primary object of Patriotic desire. Is there a doubt, whether a common government can embrace so large a sphere? Let experience solve it. To listen to mere speculation in such a case were criminal. We are authorized to hope that a proper organization of the whole, with the auxiliary agency of governments for the respective Sub divisions, will afford a happy issue to the experiment. ’Tis well worth a fair and full experiment. With such powerful and obvious motives to Union, affecting all parts of our country, while experience shall not have demonstrated its impracticability, there will always be reason, to distrust the patriotism of those, who in any quarter may endeavor to weaken its bands.

In contemplating the causes wch. may disturb our Union, it occurs as matter of serious concern, that any ground should have been furnished for characterizing parties by Geographical discriminations: Northern and Southern; Atlantic and Western; whence4 designing men may endeavour to excite a belief that there is a real difference of local interests and views. One of the expedients of Party to acquire influence, within particular districts, is to misrepresent the opinions and aims of other Districts. You cannot shield yourselves too much against the jealousies and heart burnings which spring from these misrepresentations. They tend to render Alien to each other those who ought to be bound together by fraternal affection. The Inhabitants of our Western country have lately had a useful lesson on this head. They have seen, in the Negociation by the Executive, and in the unanimous ratification by the Senate, of the Treaty with Spain, and in the universal satisfaction at that event, throughout the United States, a decisive proof how unfounded were the suspicions propagated among them of a policy in the General Government and in the Atlantic States unfriendly to their Interests in regard to the Mississippi. They have been witnesses to the formation of two Treaties, that with G: Britain and that with Spain, which secure to them every thing they could desire, in respect to our Foreign relations, towards confirming their prosperity. Will it not be their wisdom to rely for the preservation of these advantages on the Union by wch. they were procured? Will they not henceforth be deaf to those advisers, if such there are, who would sever them from their Brethren and connect them with Aliens?

To the efficacy and permanency of Your Union, a Government for the whole is indispensable. No Alliances however strict between the parts can be an adequate substitute. They must inevitably experience the infractions and interruptions which all Alliances in all times have experienced. Sensible of this momentous truth, you have improved upon your first essay, by the adoption of a Constitution of Government, better calculated than your former for an intimate Union, and for the efficacious management of your common concerns. This government, the offspring of our own choice uninfluenced and unawed, adopted upon full investigation and mature deliberation, completely free in its principles, in the distribution of its powers, uniting security with energy, and containing within itself a provision for its own amendment, has a just claim to your confidence and your support. Respect for its authority, compliance with its Laws, acquiescence in its measures, are duties enjoined by the fundamental maxims of true Liberty. The basis of our political systems is the right of the people to make and to alter their Constitutions of Government. But the Constitution which at any time exists, ’till changed by an explicit and authentic act of the whole People, is sacredly obligatory upon all. The very idea of the power and the right of the People to establish Government presupposes the duty of every Individual to obey the established Government.

All obstructions to the execution of the Laws, all combinations and Associations, under whatever plausible character, with the real design to direct, controul[,] counteract, or awe the regular deliberation and action of the Constituted authorities are distructive of this fundamental principle and of fatal tendency. They serve to organize faction, to give it an artificial and extraordinary force; to put in the place of the delegated will of the Nation, the will of a party; often a small but artful and enterprizing minority of the Community; and, according to the alternate triumphs of different parties, to make the public administration the Mirror of the ill concerted and incongruous projects of faction, rather than the organ of consistent and wholesome plans digested by common councils and modefied by mutual interests. However combinations or Associations of the above description may now and then answer popular ends, they are likely, in the course of time and things, to become potent engines, by which cunning, ambitious and unprincipled men will be enabled to subvert the Power of the People, and to usurp for themselves the reins of Government; destroying afterwards the very engines which have lifted them to unjust dominion.

Towards the preservation of your Government and the permanency of your present happy state, it is requisite, not only that you steadily discountenance irregular oppositions to its acknowledged authority, but also that you resist with care the spirit of innovation upon its principles however specious the pretexts. One method of assault may be to effect, in the forms of the Constitution, alterations which will impair the energy of the system, and thus to undermine what cannot be directly overthrown. In all the changes to which you may be invited, remember that time and habit are at least as necessary to fix the true character of Governments, as of other human institutions; that experience is the surest standard, by which to test the real tendency of the existing Constitution of a country; that facility in changes upon the credit of mere hypotheses and opinion exposes to perpetual change, from the endless variety of hypotheses and opinion: and remember, especially, that for the efficient management of your common interests, in a country so extensive as ours, a Government of as much vigour as is consistent with the perfect security of Liberty is indispensable. Liberty itself will find in such a Government, with powers properly distributed and adjusted, its surest Guardian. It is indeed little else than a name, where the Government is too feeble to withstand the enterprises of faction, to confine each member of the Society within the limits prescribed by the laws and to maintain all in the secure and tranquil enjoyment of the rights of person and property.

I have already intimated to you the danger of Parties in the State, with particular reference to the founding of them on Geographical discriminations. Let me now take a more comprehensive view, and warn you in the most solemn manner against the baneful effects of the Spirit of Party, generally[.]

This spirit, unfortunately, is inseperable from our nature, having its root in the strongest passions of the human Mind. It exists under different shapes in all Governments, more or less stifled, controuled, or repressed; but, in those of the popular form it is seen in its greatest rankness and is truly their worst enemy.

The alternate domination of one faction over another, sharpened by the spirit of revenge natural to party dissention, which in different ages and countries has perpetrated the most horrid enormities, is itself a frightful despotism. But this leads at length to a more formal and permanent despotism. The disorders and miseries, which result, gradually incline the minds of men to seek security and repose in the absolute power of an Individual: and sooner or later the chief of some prevailing faction more able or more fortunate than his competitors, turns this disposition to the purposes of his own elevation, on the ruins of Public Liberty.

Without looking forward to an extremity of this kind (which nevertheless ought not to be entirely out of sight) the common and continual mischiefs of the spirit of Party are sufficient to make it the interest and the duty of a wise People to discourage and restrain it.

It serves always to distract the Public Councils and enfeeble the Public administration. It agitates the Community with ill founded jealousies and false alarms, kindles the animosity of one part against another, foments occasionally riot and insurrection. It opens the door to foreign influence and corruption, which find a facilitated access to the government itself through the channels of party passions. Thus the policy and the will of one country, are subjected to the policy and will of another.

There is an opinion that parties in free countries are useful checks upon the Administration of the Government and serve to keep alive the spirit of Liberty. This within certain limits is probably true, and in Governments of a Monarchical cast Patriotism may look with endulgence, if not with favour, upon the spirit of party. But in those of the popular character, in Governments purely elective, it is a spirit not to be encouraged. From their natural tendency, it is certain there will always be enough of that spirit for every salutary purpose. And there being constant danger of excess, the effort ought to be, by force of public opinion, to mitigate and assuage it. A fire not to be quenched; it demands a uniform vigilance to prevent its bursting into a flame, lest instead of warming it should consume.

It is important, likewise, that the habits of thinking in a free Country should inspire caution in those entrusted with its administration, to confine themselves within their respective Constitutional spheres; avoiding in the exercise of the Powers of one department to encroach upon another. The spirit of encroachment tends to consolidate the powers of all the departments in one, and thus to create whatever the form of government, a real despotism. A just estimate of that love of power, and proneness to abuse it, which predominates in the human heart is sufficient to satisfy us of the truth of this position. The necessity of reciprocal checks in the exercise of political power; by dividing and distributing it into different depositories, and constituting each the Guardian of the Public Weal against invasions by the others, has been evinced by experiments ancient and modern; some of them in our country and under our own eyes. To preserve them must be as necessary as to institute them. If in the opinion of the People, the distribution or modification of the Constitutional powers be in any particular wrong, let it be corrected by an amendment in the way which the Constitution designates. But let there be no change by usurpation; for though this, in one instance, may be the instrument of good, it is the customary weapon by which free governments are destroyed. The precedent must always greatly overbalance in permanent evil any partial or transient benefit which the use can at any time yield.

Of all the dispositions and habits which lead to political prosperity, Religion and morality are indispensable supports. In vain would that man claim the tribute of Patriotism, who should labour to subvert these great Pillars of human happiness, these firmest props of the duties of Men and citizens. The mere Politician, equally with the pious man ought to respect and to cherish them. A volume could not trace all their connections with private and public felicity. Let it simply be asked where is the security for property, for reputation, for life, if the sense of religious obligation desert the oaths, which are the instruments of investigation in Courts of Justice? And let us with caution indulge the supposition, that morality can be maintained without religion. Whatever may be conceded to the influence of refined education on minds of peculiar structure, reason and experience both forbid us to expect that National morality can prevail in exclusion of religious principle.

’Tis substantially true, that virtue or morality is a necessary spring of popular government. The rule indeed extends with more or less force to every species of free Government. Who that is a sincere friend to it, can look with indifference upon attempts to shake the foundation of the fabric[.]

Promote then as an object of primary importance, Institutions for the general diffusion of knowledge. In proportion as the structure of a government gives force to public opinion, it is essential that public opinion should be enlightened[.]

As a very important source of strength and security, cherish public credit. One method of preserving it is to use it as sparingly as possible: avoiding occasions of expence by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it; avoiding likewise the accumulation of debt, not only by shunning occasions of expence, but by vigorous exertions in time of Peace to discharge the Debts which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burthen which we ourselves ought to bear. The execution of these maxims belongs to your Representatives, but it is necessary that public opinion should cooperate. To facilitate to them the performance of their duty, it is essential that you should practically bear in mind, that towards the payment of debts there must be Revenue; that to have Revenue there must be taxes; that no taxes can be devised which are not more or less inconvenient and unpleasant; that the intrinsic embarrassment inseperable from the selection of the proper objects (which is always a choice of difficulties) ought to be a decisive motive for a candid construction of the Conduct of the Government in making it, and for a spirit of acquiescence in the measures for obtaining Revenue which the public exigencies may at any time dictate.

Observe good faith and justice towds. all Nations. Cultivate peace and harmony with all. Religion and morality enjoin this conduct; and can it be that good policy does not equally enjoin it? It will be worthy of a free, enlightened, and, at no distant period, a great Nation, to give to mankind the magnanimous and too novel example of a People always guided by an exalted justice and benevolence. Who can doubt that in the course of time and things the fruits of such a plan would richly repay any temporary advantages wch. might be lost by a steady adherence to it? Can it be, that Providence has not connected the permanent felicity of a Nation with its virtue? The experiment, at least, is recommended by every sentiment which ennobles human Nature. Alas! is it rendered impossible by its vices?

In the execution of such a plan nothing is more essential than that permanent, inveterate antipathies against particular Nations and passionate attachments for others should be excluded; and that in place of them just and amicable feelings towards all should be cultivated. The Nation, which indulges towards another an habitual hatred, or an habitual fondness, is in some degree a slave. It is a slave to its animosity or to its affection, either of which is sufficient to lead it astray from its duty and its interest. Antipathy in one Nation against another, disposes each more readily to offer insult and injury, to lay hold of slight causes of umbrage, and to be haughty and intractable, when accidental or trifling occasions of dispute occur. Hence frequent collisions, obstinate envenomed and bloody contests. The Nation, prompted by illwill and resentment sometimes impels to War the Government, contrary to the best calculations of policy. The Government sometimes participates in the national propensity, and adopts through passion what reason would reject; at other times, it makes the animosity of the Nation subservient to projects of hostility instigated by pride, ambition and other sinister and pernicious motives. The peace often, sometimes perhaps the Liberty, of Nations has been the victim.

So likewise, a passionate attachment of one Nation for another produces a variety of evils. Sympathy for the favourite nation, facilitating the illusion of an imaginary common interest, in cases where no real common interest exists, and infusing into one the enmities of the other, betrays the former into a participation in the quarrels and Wars of the latter, without adequate inducement or justification: It leads also to concessions to the favourite Nation of priviledges denied to others, which is apt doubly to injure the Nation making the concessions; by unnecessarily parting with what ought to have been retained; and by exciting jealousy, ill will, and a disposition to retaliate, in the parties from whom eql. priviledges are withheld: And it gives to ambitious, corrupted, or deluded citizens (who devote themselves to the favourite Nation) facility to betray, or sacrifice the interests of their own country, without odium, sometimes even with popularity; gilding with the appearances of a virtuous sense of obligation[,] a commendable deference for public opinion, or a laudable zeal for public good, the base or foolish compliances of ambition[,] corruption or infatuation.

As avenues to foreign influence in innumerable ways, such attachments are particularly alarming to the truly enlightened and independent Patriot. How many opportunities do they afford to tamper with domestic factions, to practice the arts of seduction, to mislead public opinion, to influence or awe the public Councils! Such an attachment of a small or weak, towards a great and powerful Nation, dooms the former to be the satellite of the latter.

Against the insidious wiles of foreign influence, (I conjure5 you to believe me fellow citizens) the jealousy of a free people ought to be constantly awake; since history and experience prove that foreign influence is one of the most baneful foes of Republican Government. But that jealousy to be useful must be impartial; else it becomes the instrument of the very influence to be avoided, instead of a defence against it. Excessive partiality for one foreign nation and excessive dislike of another, cause those whom they actuate to see danger only on one side, and serve to veil and even second the arts of influence on the other. Real Patriots, who may resist the intriegues of the favourite, are liable to become suspected and odious; while its tools and dupes usurp the applause and confidence of the people, to surrender their interests.

The Great rule of conduct for us, in regard to foreign Nations is in extending our commercial relations to have with them as little political connection as possible. So far as we have already formed engagements let them be fulfilled, with perfect good faith. Here let us stop.

Europe has a set of primary interests, which to us have none, or a very remote relation. Hence she must be engaged in frequent controversies, the causes of which are essentially foreign to our concerns. Hence therefore it must be unwise in us to implicate ourselves, by artificial ties, in the ordinary vicissitudes of her politics, or the ordinary combinations and collisions of her friendships, or enmities[.]

Our detached and distant situation invites and enables us to pursue a different course. If we remain one People, under an efficient government, the period is not far off, when we may defy material injury from external annoyance; when we may take such an attitude as will cause the neutrality we may at any time resolve upon to be scrupulously respected; when belligerent nations, under the impossibility of making acquisitions upon us, will not lightly hazard the giving us provocation; when we may choose peace or war, as our interest guided by our justice shall Counsel.

Why forego the advantages of so peculiar a situation? Why quit our own to stand upon foreign ground? Why, by interweaving our destiny with that of any part of Europe, entangle our peace and prosperity in the toils of European Ambition, Rivalship, Interest, Humour or Caprice?

’Tis our true policy to steer clear of permanent Alliances, with any portion of the foreign world. So far, I mean, as we are now at liberty to do it, for let me not be understood as capable of patronising infidility to existing engagements (I hold the maxim no less applicable to public than to private affairs, that honesty is always the best policy). I repeat it therefore, let those engagements be observed in their genuine sense. But in my opinion, it is unnecessary and would be unwise to extend them.

Taking care always to keep ourselves, by suitable establishments, on a respectably defensive posture, we may safely trust to temporary alliances for extraordinary emergencies.

Harmony, liberal intercourse with all Nations, are recommended by policy, humanity and interest. But even our Commercial policy should hold an equal and impartial hand: neither seeking nor granting exclusive favours or preferences; consulting the natural course of things; diffusing and deversifying by gentle means the streams of Commerce, but forcing nothing; establishing with Powers so disposed[,] in order to give to trade a stable course, to define the rights of our Merchants, and to enable the Government to support them; conventional rules of intercourse, the best that present circumstances and mutual opinion will permit, but temporary, and liable to be from time to time abandoned or varied, as experience and circumstances shall dictate; constantly keeping in view, that ’tis folly in one Nation to look for disinterested favors from another; that it must pay with a portion of its Independence for whatever it may accept under that character; that by such acceptance, it may place itself in the condition of having given equivalents for nominal favours and yet of being reproached with ingratitude for not giving more. There can be no greater error than to expect, or calculate upon real favours from Nation to Nation. ’Tis an illusion which experience must cure, which a just pride ought to discard.

In offering to you, my Countrymen these counsels of an old and affectionate friend, I dare not hope they will make the strong and lasting impression, I could wish; that they will controul the usual current of the passions, or prevent our Nation from running the course which has hitherto marked the Destiny of Nations: But if I may even flatter myself, that they may be productive of some partial benefit, some occasional good; that they may now and then recur to moderate the fury of party spirit, to warn against the mischiefs of foreign Intriegue, to guard against the Impostures of pretended patriotism; this hope will be a full recompence for the solicitude for your welfare, by which they have been dictated.

How far in the discharge of my Official duties, I have been guided by the principles which have been delineated, the public Records and other evidences of my conduct must Witness to You and to the world. To myself, the assurance of my own conscience is, that I have at least believed myself to be guided by them.

In relation to the still subsisting War in Europe, my Proclamation of the 22d. of April 1793 is the index to my Plan.6 Sanctioned by your approving voice and by that of Your Representatives in both Houses of Congress, the spirit of that measure has continually governed me; uninfluenced by any attempts to deter or divert me from it.

After deliberate examination with the aid of the best lights I could obtain I was well satisfied that our Country, under all the circumstances of the case, had a right to take, and was bound in duty and interest, to take a Neutral position. Having taken it, I determined, as far as should depend upon me, to maintain it, with moderation, perseverence and firmness.

The considerations, which respect the right to hold this conduct, it is not necessary on this occasion to detail. I will only observe, that according to my understanding of the matter, that right, so far from being denied by any of the Belligerent Powers has been virtually admitted by all.

The duty of holding a Neutral conduct may be inferred, without any thing more, from the obligation which justice and humanity impose on every Nation, in cases in which it is free to act, to maintain inviolate the relations of Peace and amity towards other Nations.

The inducements of interest for observing that conduct will best be referred to your own reflections and experience. With me, a predominant motive has been to endeavour to gain time to our country to settle and mature its yet recent institutions, and to progress without interruption, to that degree of strength and consistency, which is necessary to give it, humanly speaking, the command of its own fortunes.

Though in reviewing the incidents of my Administration, I am unconscious of intentional error, I am nevertheless too sensible of my defects not to think it probable that I may have committed many errors. Whatever they may be I fervently beseech the Almighty to avert or mitigate the evils to which they may tend. I shall also carry with me the hope that my Country will never cease to view them with indulgence; and that after forty five years of my life dedicated to its Service, with an upright zeal, the faults of incompetent abilities will be consigned to oblivion, as myself must soon be to the Mansions of rest.

Relying on its kindness in this as in other things, and actuated by that fervent love towards it, which is so natural to a Man, who views in it the native soil of himself and his progenitors for several Generations; I anticipate with pleasing expectation that retreat, in which I promise myself to realize, without alloy, the sweet enjoyment of partaking, in the midst of my fellow Citizens, the benign influence of good Laws under a free Government, the ever favourite object of my heart, and the happy reward, as I trust, of our mutual cares, labours and dangers.

Hello, Stanford. It is great to be in California and back in beautiful Palo Alto. Coming here always makes me want to go back to college, although an 18-year-old Barack Obama would not have gotten in. I got more serious, later.

I want to thank the Cyber Policy Center here at Stanford for hosting this event. I want to thank Tiana for that outstanding introduction, and for all the work that you are doing. I want to thank a great friend and a remarkable public servant and Ambassador of Russia, during very difficult times, and one of my top advisors, Michael McFaul, for being here.

Michelle and I set up the Obama Foundation to train the next generation of leaders, and I think you saw in Tiana, the example of the kind of remarkable leadership that’s out there, with the talent and vision to lead us forward, as long as old people get out of the way.

During some of the darkest days of World War II, American philosopher, Reinhold Niebuhr, wrote the following, “Man’s capacity for justice makes democracy possible, but man’s inclination to injustice makes democracy necessary.”

We’re living through another tumultuous, dangerous moment in history. All of us have been horrified by Russia’s brutal invasion of the Ukraine. A nuclear-armed despot’s response to a neighboring state whose only provocation is its desire to be independent and democratic. An invasion of this scale hasn’t been seen in Europe since World War II, and we’ve all witnessed the resulting death and destruction, and the displacement, in real time.

The stakes are enormous, and the courage displayed by ordinary Ukrainians has been extraordinary and demands our support. Unfortunately, a war in the Ukraine isn’t happening in a vacuum. Vladimir Putin’s aggression is part of a larger trend, even if similar levels of oppression and lawlessness and violence and suffering don’t always attract the same levels of attention if they happen outside of Europe,

Autocrats and aspiring strongmen have become emboldened around the globe. They’re actively subverting democracy, they’re undermining hard-won human rights, they’re ignoring international law.

Worse yet, democratic backsliding is not restricted to distant lands. Right here, in the United States of America, we just saw a sitting president deny the clear results of an election and help incite a violent insurrection at the nation’s Capitol. Not only that, but a majority of his party, including many who occupy some of the highest offices in the land, continue to cast doubt on the legitimacy of the last election, and are using it to justify laws that restrict the vote, making it easier to overturn the will of the people in states where they hold power.

But for those of us who believe in democracy and the rule of law, this should serve as a wake-up call. We have to admit that, at least in the years since the Cold War ended, democracies have grown dangerously complacent.

That too often, we’ve taken freedom for granted. What recent events remind us, is that democracy is neither inevitable nor self-executed. Citizens like us have to nurture it. We have to tend to it and fight for it, and as our circumstances change, we have to be willing to look at ourselves critically, making reforms that can allow democracy, not just to survive, but to thrive.

That won’t be easy. A lot of factors have contributed to the weakening of democratic institutions around the world. One of those factors is globalization which has helped lift hundreds and millions out of poverty, most notably in China and India, but which, along with automation has also upended entire economies, accelerated global inequality, and left millions of others feeling betrayed and angry at existing political institutions.

There is the increased mobility and urbanization of modern life, which further shakes up societies, including existing family structures and gender roles. Here at home, we’ve seen a steady decline in the number of people participating in unions, civic organizations and houses of worship, mediating institutions that once served as a kind of communal glue.

Internationally, the rise of China as well as chronic political dysfunction, here in the U.S. and in Europe, not to mention the near collapse of the global financial system in 2008, has made it easier for leaders in other countries to discount democracy’s appeal. And as once marginalized groups demand a seat at the table, politicians have found a new audience for old-fashioned appeals to racial and ethnic, religious or national solidarity.

In the rush to protect "us" from "them," virtues like tolerance and respect for democratic processes start to look, not just expendable, but like a threat to our way of life.

So if we’re going to strengthen democracy, we’ll have to address all of these strengths. We’ll have to come up with new models for a more inclusive, equitable capitalism. We’ll have to reform our political institutions in ways that allow people to be heard and give them real agency. We’ll have to tell better stories about ourselves and how we can live together, despite our differences.

And that’s why I’m here today, on Stanford’s campus, in the heart of Silicon Valley, where so much of the digital revolution began, because I’m convinced that right now one of the biggest impediments to doing all of this, indeed, one of the biggest reasons for democracies weakening is the profound change that’s taking place in how we communicate and consume information.

Now let me start off by saying I am not a Luddite, although it is true that sometimes I have to ask my daughters how to work basic functions on my phone. I am amazed by the internet. It’s connected billions of people around the world, put the collected knowledge of centuries at our fingertips. It’s made our economies vastly more efficient, accelerated medical advances, opened up new opportunities, allowed people with shared interests to find each other.

I might never have been elected president if it hadn’t been for websites like, and I’m dating myself, MySpace, MeetUp and Facebook that allowed an army of young volunteers to organize, raise money, spread our message. That’s what elected me.

And since then, we’ve all witnessed the ways that activists use social media platforms to register dissent and shine a light on injustice and mobilize people on issues like climate change and racial justice. So the internet and the accompanying information revolution has been transformative. And there’s no turning back.

But like all advances in technology, this progress has had unintended consequences that sometimes come at a price. And in this case, we see that our new information ecosystem is turbocharging some of humanity’s worst impulses.

Not all of these effects are intentional or even avoidable. They’re simply the consequence of billions of humans suddenly plugged into an instant, 24/7 global information stream. Forty years ago, if you were a conservative in rural Texas, you weren’t necessarily offended by what was going on in San Francisco’s Castro District because you didn’t know what was going on.

If you lived in an impoverished Yemeni village, you had no insight into the spending habits of the Kardashians. For some such exposure may be eye opening, perhaps even liberating, but others may experience that exposure as a direct affront to their traditions, their belief systems, their place in society. Then you have the sheer proliferation of content and the splintering of information and audiences. That’s made democracy more complicated.

I’ll date myself again. If you were watching TV here in the United States between about 1960 and 1990, I Dream of Jeannie, The Jeffersons. Chances are you were watching one of the big three networks. And this had its own problems, particularly the ways in which programming often excluded voices and perspectives of women and people of color and other folks outside of the mainstream. But it did fortify a sense of shared culture and when it came to the news, at least, citizens across the political spectrum tended to operate using a shared set of facts, what they saw, what they heard from Walter Cronkite or David Brinkley or others.

Today, of course, we occupy entirely different media realities, fed directly into our phones. You don’t even have to look up. And it’s made all of us more prone to what psychologists call confirmation bias, the tendency to select facts and opinions that reinforce our preexisting worldviews and filter out those that don’t.

So inside our personal information bubbles, our assumptions, our blind spots, our prejudices aren’t challenged, they’re reinforced. And naturally we’re more likely to react negatively to those consuming different facts and opinions. All of which deepens existing racial and religious and cultural divides.

It’s fair to say then that some of the current challenges we face are inherent to a fully connected world. Our brains aren’t accustomed to taking in this much information this fast, and a lot of us are experiencing overload. But not all problems we’re seeing now are an inevitable byproduct of this new technology. They’re also the result of very specific choices made by the companies that have come to dominate the internet generally and social media platforms in particular. Decisions that, intentionally or not, have made democracies more vulnerable.

Now I’m at Stanford. Most of you know the story by now. Twenty years ago, pillars of web search were comprehensiveness, relevance and speed. But with the rise of social media and the need to better understand people’s online behavior, in order to sell more advertising, companies want to collect more data. More companies optimized for personalization, engagement and speed. And unfortunately, it turns out that inflammatory, polarizing content attracts and engages.

Other features of these platforms have compounded the problem. For example, the way content looks on your phone, as well as the veil of anonymity that platforms provide their users. A lot of times can make it impossible to tell the difference between, say, a peer-reviewed article by Dr. Anthony Fauci and a miracle cure being pitched by a huckster.

And meanwhile, sophisticated actors from political consultants to commercial interests, to intelligence arms of foreign powers can game platform algorithms or artificially boost the reach of the deceptive or harmful messages.

Of course, this business model has proven to be wildly successful. For more and more of us, search and social media platforms aren’t just our window into the internet; they serve as our primary source of news and information.

No one tells us that the window is blurred, subject to unseen distortions and subtle manipulations. All we see is a constant feed of content where useful factual information and happy diversions, and cat videos, flow alongside lies, conspiracy theories, junk science, quackery, White supremacist, racist tracts, misogynist screeds. And over time, we lose our capacity to distinguish between fact, opinion and wholesale fiction. Or maybe we just stop caring.

And all of us, including our children, learn that if you want to rise above the crowd, above the din, if you want to be liked and shared, and yes, go viral! Then peddling controversy, outrage, even hate often gives you an edge.

Now it’s true, tech companies and social media platforms are not the only distributors of toxic information. I promise you; I spend a lot of time in Washington, right? In fact, some of the most outrageous content on the web originates from traditional media. What social media platforms have done, though, thanks to their increasing market dominance and their emphasis on speed, is accelerate the decline of newspapers and other traditional news sources.

There are still brand name newspapers and magazines, not to mention network news broadcasts, NPR other outlets that have adapted to the new digital environment while maintaining the highest standards of journalistic integrity. But as more and more ad revenue flows to the platforms that disseminate the news, rather than that money going to the newsrooms that report it, publishers, reporters, editors, they all feel the pressure to maximize engagement in order to compete. Reporters start worrying about, “I gotta tweet something, cause if I don’t, I may be out of a job.”

That’s the information environment we now live in. It’s not just that these platforms have— with narrow exceptions — been largely agnostic regarding the kind of information available and connections made on their sites. It’s that in the competition between truth and falsehood, cooperation and conflict, the very design of these platforms seems to be tilting us in the wrong direction.

And we’re seeing the results. Take Covid. The fact that scientists developed safe, effective vaccines in record time is an unbelievable achievement. And yet despite the fact that we’ve now, essentially clinically tested the vaccine on billions of people worldwide, around 1 in 5 Americans is still willing to put themselves at risk and put their families at risk rather than get vaccinated. People are dying because of misinformation.

I already mentioned the 2020 presidential election. President Trump’s own attorney general has said that the Justice Department uncovered no evidence of widespread voter fraud. A review of the ballots in Arizona’s largest county, the results of which were endorsed by some pretty courageous local Republicans, because many of them were harassed and received death threats, actually found more votes for President Biden and fewer votes for President Trump. And yet today, as we speak, a majority of Republicans still insist that President Biden’s victory was not legitimate. That’s a lot of people.

In Myanmar, it’s been well-documented that hate speech shared on Facebook played a role in the murderous campaign targeting the Rohingya community. Social media platforms have been similarly implicated in fanning ethnic violence in Ethiopia, far-right extremism in Europe. Authoritarian regimes and strongmen around the world from China to Hungary, the Philippines. Brazil have learned to conscript social media platforms to turn their own populations against groups they don’t like, whether it’s ethnic minorities, the LGBTQ community, journalists, political opponents. And of course, autocrats like Putin have used these platforms as a strategic weapon against democratic countries that they consider a threat.

People like Putin and Steve Bannon, for that matter, understand it’s not necessary for people to believe this information in order to weaken democratic institutions. You just have to flood a country’s public square with enough raw sewage. You just have to raise enough questions, spread enough dirt, plant enough conspiracy theorizing that citizens no longer know what to believe.

Once they lose trust in their leaders, in mainstream media, in political institutions, in each other, in the possibility of truth, the game’s won. And as Putin discovered leading up to the 2016 election, our own social media platforms are well designed to support such a mission, such a project.

Russians could study and manipulate patterns in the engagement ranking system on a Facebook or YouTube. And as a result, Russian state sponsored trolls could almost guarantee that whatever disinformation they put out there would reach millions of Americans. And that the more inflammatory the story, the quicker it spread.

Now I’ve been writing my memoirs lately, including reflections on events leading up to that election. The regrets I have, the things I might have missed. No one in my administration was surprised that Russia was attempting to meddle in our election. They had been doing that for years. Or that it was using social media in these efforts.

Before the election, I directed our top intelligence officials to expose those efforts to the press and to the public. What does still nag at me, though, was my failure to fully appreciate at the time just how susceptible we had become to lies and conspiracy theories, despite having spent years being a target of disinformation myself.

Putin didn’t do that. He didn’t have to. We did it to ourselves. So where do we go from here?

If we do nothing, I am convinced the trends that we’re seeing will get worse. New technologies are already challenging the way we regulate currency, how we keep consumers safe from fraud. And with the emergence of AI, disinformation will grow more sophisticated. I’ve already seen demonstrations of deepfake technology that show what looks like me on a screen saying stuff I did not say. It’s a strange experience, people.

Without some standards, implications of this technology, for our elections, for our legal system, for our democracy, for rules of evidence, for our entire social order are frightening and profound.

Fortunately, I am convinced that it is possible to preserve the transformative power and promise of the open internet, while at least mitigating the worst of its harms. And I believe that those of you in the tech community, soon to be in the tech community, not just its corporate leaders, but employees at every level have to be part of the solution.

The essence of this place, what put Silicon Valley on the map, is a spirit of innovation. That’s what led to the globally integrated internet, and all its remarkable applications. What we’ve now learned is the product has some design flaws. There are some bugs in the software. We don’t have to just leave it like that. Through the same spirit of innovation. We can make it better.

So I want to make some general suggestions for what that work might look like. But before I do, let me offer a few stipulations so we don’t get bogged down in some well-worn, not always productive arguments.

Number one, media companies, tech companies, social media platforms did not create the divisions in our society, here or in other parts of the world. Social media did not create racism or white supremacist groups. It didn’t create the kind of ethnonationalism that Putin’s enraptured with. It didn’t create sexism, class conflict, religious strife, greed, envy, all the deadly sins. All these things existed long before the first tweet or Facebook poke.

Solving the disinformation problem won’t cure all that ails our democracies or tears at the fabric of our world, but it can help tamp down divisions and let us rebuild the trust and solidarity needed to make our democracy stronger. And to take on anti-women mentalities, and deal with racism in our societies and build bridges between people. It can do that.

Second, we aren’t going to get rid of all offensive or inflammatory content on the web. That is a strawman. We’d be wrong to try. Freedom of speech is at the heart of every democratic society in America those protections are enshrined in the First Amendment to our Constitution. There’s a reason it came first in the Bill of Rights.

I’m pretty close to a First Amendment absolutist. I believe that in most instances the answer to bad speech is good speech. I believe that the free, robust, sometimes antagonistic exchange of ideas produces better outcomes and a healthier society.

No Democratic government can or should do what China, for example, is doing, simply telling people what they can and cannot say or publish while trying to control what others say about their country abroad. And I don’t have a lot of confidence that any single individual or organization, private or public, should be charged or do a good job at determining who gets to hear what.

That said, the First Amendment is a check on the power of the state. It doesn’t apply to private companies like Facebook or Twitter, any more than it applies to editorial decisions made by The New York Times or Fox News. Never has. Social media companies already make choices about what is or is not allowed on their platforms and how that content appears, both explicitly through content moderation, and implicitly through algorithms.

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The problem is, we often don’t know what principles govern those decisions. And on an issue of enormous public interest, there has been little public debate and practically no democratic oversight.

Three, any rules we come up with to govern the distribution of content on the Internet will involve value judgments. None of us are perfectly objective. What we consider unshakeable truth today may prove to be totally wrong tomorrow. But that doesn’t mean some things aren’t truer than others or that we can’t draw lines between opinions, facts, honest mistakes, intentional deceptions.

We make these distinctions all the time in our daily lives, at work, in school, at home, in sports, and we can do the same when it comes to Internet content, as long as we agree on a set of principles, some core values to guide the work. So, in the interest of full transparency, here’s what I think our guiding principles should be.

The way I’m going to evaluate any proposal touching on social media and the Internet is whether it strengthens or weakens the prospects for a healthy, inclusive democracy, whether it encourages robust debate and respect for our differences, whether it reinforces rule of law and self-governance, whether it helps us make collective decisions based on the best available information, and whether it recognizes the rights and freedoms and dignity of all our citizens.

Whatever changes contribute to that vision, I’m for. Whatever erodes that vision, I’m against, just so you know.

All right. With that as my starting point, I believe we have to address not just the supply of toxic information, but also the demand for it. On the supply side, tech platforms need to accept that they play a unique role in how we, as a people and people around the world, are consuming information and that their decisions have an impact on every aspect of society. With that power comes accountability, and in democracies like ours, at least, the need for some democratic oversight.

For years, social media companies have resisted that kind of accountability. They’re not unique in that regard. Every private corporation wants to do anything it wants. So, the social media platforms called themselves neutral platforms with no editorial role in what their users saw. They insisted that the content people see on social media has no impact on their beliefs or behavior— even though their business models and their profits are based on telling advertisers the exact opposite.

Now, the good news is, is that almost all the big tech platforms now acknowledge some responsibility for content on their platforms, and they’re investing in large teams of people to monitor it. Given the sheer volume of content, this strategy can feel like a game of whack-a-mole. Still, in talking to people at these companies, I believe they are sincere in trying to limit content that engages in hate speech, encourages violence, or poses a threat to public safety. They genuinely are concerned about it and they want to do something about it.

But while content moderation can limit the distribution of clearly dangerous content, it doesn’t go far enough. Users who want to spread disinformation have become experts at pushing right up to the line of what at least published company policies allow. And at those margins, social media platforms tend not to want to do anything, not just because they don’t want to be accused of censorship, because they still have a financial incentive to keep as many users engaged as possible. More importantly, these companies are still way too guarded about how exactly their standards operate, or how their engagement ranking systems influence what goes viral and what doesn’t.

Now, some companies have been taking the next step in managing toxic content, experimenting with new product designs that, you know to use just one example, add friction to slow the spread of potentially harmful content. And that kind of innovation is a step in the right direction. It should be applauded, but I also think decisions like this shouldn’t be left solely to private interests. These decisions affect all of us, and just like every other industry that has a big impact in our society, that means these big platforms need to be subject to some level of public oversight and regulation.

Right now, a lot of the regulatory debate centers on Section 230 of the United States code, which, as some of you know, says the tech companies generally can’t be held liable for most content that other people post on their platforms. But let’s face it, these platforms are not like the old phone company.

And while I’m not convinced that wholesale repeal of Section 230 is the answer, it is clear that tech companies have changed dramatically over the last 20 years. And we need to consider reforms to Section 230 to account for those changes, including whether platforms should be required to have a higher standard of care, when it comes to advertising on their site.

And by the way, I believe and I’ve seen that regulation and innovation are not mutually exclusive. Here in the United States, we have a long history of regulating new technologies in the name of public safety, from cars and airplanes to prescription drugs to appliances. And while companies initially always complain that the rules are going to stifle innovation and destroy the industry, the truth is, is that a good regulatory environment usually ends up spurring innovation because it raises the bar on safety and quality. And it turns out that innovation can meet that higher bar. And if consumers trust that new technology is doing right by them and is safe, they’re more likely to use it. And if properly structured, regulation can promote competition and keep incumbents from freezing out new innovators.

A regulatory structure, a smart one, needs to be in place, designed in consultation with tech companies, and experts and communities that are affected, including communities of color and others that sometimes are not well represented here in Silicon Valley, that will allow these companies to operate effectively while also slowing the spread of harmful content. In some cases, industry standards may replace or substitute for regulation, but regulation has to be part of the answer.

Beyond that, tech companies need to be more transparent about how they operate. So much of the conversation around disinformation is focused on what people post. The bigger issue is what content these platforms promote. Algorithms have evolved to the point where nobody on the outside of these companies can accurately predict what they’ll do, unless they’re really sophisticated and spend a lot of time tracking it. And sometimes, even the people who build them aren’t sure. That’s a problem.

In a democracy, we can rightly expect companies to subject the design of their products and services to some level of scrutiny. At minimum, they should have to share that information with researchers and regulators who are charged with keeping the rest of us safe.

This may seem like an odd example and forgive me, you vegans out there, but if a meat packing company has a proprietary technique to keep our hot dogs fresh and clean, they don’t have to reveal to the world what that technique is. They do have to tell the meat inspector.

In the same way, tech companies should be able to protect their intellectual property while also following certain safety standards that we, as a country, not just them, have agreed are necessary for the greater good. And we’ve seen this as part of the Platform Accountability and Transparency Act that’s being proposed by a bipartisan group of senators here in the United States. It doesn’t happen often. And we’ve also seen it negotiated in Europe as part of the European Union’s Digital Services Act.

Again, we don’t expect tech companies to solve all these problems on their own. There are folks in these companies and in this community who have shown extraordinary good faith in some cases, but that’s not enough.

We do expect these companies to affirm the importance of our democratic institutions, not dismiss them, and to work to find the right combination of regulation and industry standards that will make democracy stronger. And because companies recognize the often dangerous relationship between social media, nationalism, domestic hate groups, they do need to engage with vulnerable populations about how to put better safeguards in place to protect minority populations, ethnic populations, religious minorities, wherever they operate.

So for example, in the United States, they should be working with, not always contrary to, those groups that are trying to prevent voter suppression and specifically has targeted black and brown communities. In other words, these companies need to have some other North Star other than just making money and increasing market share. Fix the problem that, in part, they helped create, but also to stand for something bigger.

And to the employees of these companies, and to the students here at Stanford who might well be future employees of these companies, you have the power to move things in the right direction. You can advocate for change; you can be part of this redesign. And if not, you can vote with your feet and go work with companies that are trying to do the right thing.

That’s on the supply side. Now, let’s talk about the demand side of the equation.

It starts with breaking through our information bubbles. Look, I understand that there are a whole bunch of people in this country who have views diametrically opposed to mine. I promise, they tell me all the time. I get it. I am not suggesting that all of us have to spend our days reading opinions we disagree with or looking for media stories that fundamentally don’t share our values. But it is possible to broaden our perspectives.

An interesting study came out recently, and this is just one study, so take it with a grain of salt. The researchers paid a large group of regular FOX News watchers to watch CNN for almost a month. And these were not swing voters, these were hard core, Hannity, Carlson fans, right? They’re right there.

And what the researchers found was that, at the end of the month, people’s views on certain issues, like whether voting by mail should be allowed or whether electing Joe Biden would lead to more violence against police, on some of these issues, their views are changed by five, eight, ten points. These people didn’t suddenly turn into liberals. I am sure they still don’t like me. But at the margins, they had reshaped their perspectives in meaningful ways.

Studies like this show our opinions aren’t fixed, and that means our divisions aren’t fixed either if we can agree on some common baseline effects and agree on some common baseline of how we debate and sort out our disagreements.

The divisions that exist in this country aren’t going away any time soon, but the information we get, the stories we tell ourselves can, as Lincoln said, encourage the better angels of our nature. It can also encourage the worst. And a healthy democracy depends on our better angels being encouraged.

So, as citizens, we have to take it upon ourselves to become better consumers of news, looking at sources, thinking before we share and teaching our kids to become critical thinkers who know how to evaluate sources and separate opinion from fact. In fact, a number of school districts around the country are working to train kids in this kind of online media literacy, not around any particular ideological perspective, but just how to check a source. Does this person who’s typing in his mother’s basement in his underwear seem a credible authority on climate change? That’s something we should all want to support.

Part of this project is also going to require us finding creative ways to reinvigorate quality journalism, including local journalism, because one of the challenges we have, part of the reason that you’ve seen increased polarization, is all media has become nationalized and hence, more ideological.

And one encouraging trend has been a number of nonprofit newsrooms beginning to pop up in places like Baltimore, Houston, my hometown of Chicago, all aimed at providing essential coverage of what’s happening locally and in statehouses. And that’s an example of how new models of journalism are possible, along with smart ways for communities to reinvigorate local news.

Companies here in Silicon Valley that have reaped some of the largest benefits from the Internet revolution, those companies need to find ways to support them. And I know Congress has been engaged with some of these companies to look at how can you get more revenue back into local news.

We should also think about how to build civic institutions for a new generation. I mentioned the decline of what are called mediating institutions — unions, Rotary clubs, bowling leagues, right? But the thing is, studies show that if you participated in an organization, like Student Council, which I did not — or the Boy Scouts or Girl Scouts, groups that allow young people to practice learning, debating, voting, making decisions together, then you’re much more likely to vote and be an active citizen.

Those habits matter. We need to figure out ways to give young people and the rest of us the chance to build up civic muscles. And we have to figure out how to do that, not just in the real world, but also on virtual platforms where young people are spending time. This is one of the things we’re focused on at the Obama Foundation. And great work is also being done by organizations like the MIT Center for Constructive Communication, which is making online conversations more civil and productive, and the News Literacy Project, which is building new tools to help people separate fact from fiction.

And finally, it is important to reinforce these norms and values on an international scale. This is a globally integrated Internet. There’s value in that, but it means that as we’re shaping roles, we have to engage the rest of the world.

Countries like China and Russia have already tried to paint democracy as unworkable, and authoritarianism is the only path to order. China’s built a great firewall around the Internet, turning it into a vehicle for domestic indoctrination and surveillance. And now, they’re exporting some of those same technologies, those same, with similar product designs, to other countries.

In Russia, Putin has weaponized ethnonationalism through disinformation, waging hate campaigns against domestic opponents, delegitimizing democracy itself. And of course, he’s escalated such efforts as part of his war in Ukraine.

As the world’s leading democracy, we have to set a better example. We should be at the lead on these discussions internationally, not in the rear. Right now, Europe is forging ahead with some of the most sweeping legislation nearest to regulate the abuses that are seen in big tech companies. And their approach may not be exactly right for the United States, but it points to the need for us to coordinate with other democracies.

We need to find our voice in this global conversation, and we’ve done it before. After World War II, after witnessing how mass media and propaganda had fanned the flames of hate, we put a framework in place that would ensure our broadcast system was compatible with democracy. We required a certain amount of children’s educational programing, instituted the Fairness Doctrine. Newsrooms changed practices to maximize accuracy.

And the task before us is harder now. We can’t go back to the way things were with three TV stations and newspapers in every major city, not just because of the proliferation of content, but because that content can now move around the world in an instant. And yes, our societies are far more polarized today than they were in the ’50s and ’60s right after the war. And yes, progress will require tradeoffs and hard choices, and we won’t get it right all at once. But that’s how democracy works.

I’m not going to strain this metaphor, but if you think about the U.S. Constitution as software for running a society, really innovative design. It, too, had some pretty big initial bugs. Slavery— you could discriminate against entire classes of people. Women couldn’t vote. Even white men without property couldn’t vote, couldn’t participate. What part of, “We, the people?” So, we came up with a bunch of patches, the 13th Amendment, the 14th Amendment, 15th Amendment, 19th Amendment. We continued to perfect our union.

And the good news is we’ve got a new generation of activists that seem to be ready to keep moving. Besides Tiana, who introduced me, I’ve had the privilege of meeting young leaders in our Obama Foundation network, like Timothy Franklyn, who founded the National School of Journalism and Public Discourse in India, to train journalists who are committed to justice and democracy in that country; or Sandor Lederer from Hungary, who founded K-Monitor. That’s a group that helps average citizens understand how public money is spent and flags potential corruption; or Juliana Tafur, who’s using documentary film and curated workshops to reduce polarization and help Americans connect across differences.

Young people everywhere are recognizing that this is a problem. They’re not just griping about it, they’re doing their part to fix it. And the rest of us need to follow their lead.

But these idealistic, innovative young people, they’re going to need those of us who are already in positions of power, those of us like me who have a platform to get our act together. If Congress is too polarized to pass anything, we probably won’t make the kind of progress we need. If Republican elected officials with a few notable courageous exceptions, and I’m not going to mention them, because I don’t want them to be criticized for having been praised by me — but if the vast majority of elected Republican officials keep insisting that there’s nothing wrong with saying an election was stolen without a shred of evidence, when they know better, this isn’t going to work.

Each of us, whether we work at a tech company or consume social media, whether we are a parent, a legislator, an advertiser on one of these platforms, now’s the time to pick a side. We have a choice right now. Do we allow our democracy to wither, or do we make it better? That’s the choice we face, and it is a choice worth embracing.

In the early days of the Internet and social media, it was a certain joy in finding new ways to connect, and organize and stay informed. There was so much promise. I know, I was there. And right now, just like politics itself, just like our public lives, social media has a grimness to it. We’re so fatalistic about the steady stream of bile and vitriol that’s on there, but it doesn’t have to be that way. In fact, if we’re going to succeed, it can’t be that way.

All of us have an opportunity to do what America has always done at our best, which is to recognize that even when the source code is working, the status quo isn’t, and we can build something better together. This is an opportunity. It’s a chance that we should welcome for governments to take on a big, important problem and prove that democracy and innovation can coexist. It’s a chance for companies to do the right thing. You’ll still make money, but you’ll feel better.

It’s a chance for employees of those companies to push them to do the right thing, because you’ve seen what’s out there and you want to feel better. It’s a chance for journalists and their supporters to figure out how do we adapt old institutions and those core values that made those institutions valuable? How do we adapt that to a new age?

It is a chance for all of us to fight for truth, not absolute truth, not a fixed truth, but to fight for what, deep down, we know is more true, is right. It’s a chance for us to do that not just because we’re afraid of what will happen if we don’t, but because we’re hopeful about what can happen if we do.

Over the last couple of months, we’ve seen what it looks like when a society loses the ability to distinguish truth from fiction. Mike McFaul and I were talking backstage, and my first time in Moscow as president, we gathered with all these civic activists. Putin at that time had receded from the foreground, and you had all these folks who are working to make Russia better. And we were reminiscing and thinking about that moment of possibility and what might have happened to him.

And now, in Russia, those who control the information have led public opinion further and further and further and further away from the facts, until all of a sudden, almost a quarter of the country’s combat power has been damaged or destroyed in what the government is claiming is a, quote, special military operation. That’s what happens when societies lose track of what is true.

On the other hand, the last couple of months have also shown what can happen when the world pushes back. We have seen it in the people, including some of our Obama leaders in Europe who are organizing on social media to help Ukrainian refugees, offering food and shelter and jobs and rides. We’ve seen in an IT army of volunteers who work to break through Russia propaganda and reach out to mothers of Russian soldiers, asking them to call on Putin to bring their sons home. And we’ve seen it in the combination of old and new media like a viral image of a Russian TV editor walking into a live shot with a handwritten sign, calling for an end to the war.

The handwritten sign was a tool. TV’s a tool. The Internet is a tool. Social media is a tool. At the end of the day, tools don’t control us. We control them, and we can remake them. It’s up to each of us to decide what we value, and then use the tools we’ve been given to advance those values. And I believe we should use every tool at our disposal to secure our greatest gift: a government of, by, for the people, for generations to come. And I hope you agree with me, and I look forward to you joining in the work.

Thank you very much, everybody. Alright. Thank you, Thank you.

Barack Obama Farewell Address Transcript
On January 10, 2017, in Chicago, former president Barack Obama delivered a heartfelt farewell address before an estimated TV audience of 24 million people. See the full transcript of the speech below.

Speaker 1: (04:42) Ladies and gentlemen, please welcome the 44th President of the United States, Barack Obama. Barack Obama: (04:48) Hello, Chicago. It's good to be home. Thank you, everybody. Thank you. Thank you. Thank you. Barack Obama: (05:17) Thank you so much, thank you, thank you. Thank you. It's good to be home. Thank you. Thank you. Thank you. Thank you. Thanks. All right, everybody sit down. Barack Obama: (05:22) We're on live TV here, I've got to move. Come on. Barack Obama: (07:07) You can tell that I'm a lame duck, because nobody's following instructions. Everybody have a seat. Barack Obama: (07:21) My fellow Americans, Michelle and I have been so touched by all the well-wishes we've received over the past few weeks. But tonight it's my turn to say thanks. Whether we have seen eye-to-eye or rarely agreed at all, my conversations with you, the American people, in living rooms and in schools, at farms and on factory floors at diners and on distant military outposts, those conversations are what have kept me honest, and kept me inspired, and kept me going. Every day, I have learned from you. You made me a better president, and you made me a better man. Barack Obama: (08:33) I first came to Chicago when I was in my early 20s. I was still trying to figure out who I was, still searching for a purpose to my life. It was in neighborhoods not far from here where I began working with church groups in the shadows of closed steel mills. It was on these streets where I witnessed the power of faith, and the quiet dignity of working people in the face of struggle and loss. Barack Obama: (09:10) I can't do that. Barack Obama: (09:24) This is where I learned that change only happens when ordinary people get involved, and they get engaged, and they come together to demand it. Barack Obama: (09:38) After eight years as your president, I still believe that. And it's not just my belief. It's the beating heart of our American idea, our bold experiment in self-government. It's the conviction that we are all created equal, endowed by our creator with certain unalienable rights, among them life, liberty, and the pursuit of happiness. Barack Obama: (10:10) It's the insistence that these rights, while self-evident, have never been self-executing; that we, the people, through the instrument of our democracy, can form a more perfect union. Barack Obama: (10:30) What a radical idea. Barack Obama: (10:34) The great gift our Founders gave us. The freedom to chase our individual dreams through our sweat and toil and imagination, and the imperative to strive together as well, to achieve a common good, a greater good. Barack Obama: (10:56) For 240 years, our nation's call to citizenship has given work and purpose to each new generation. It's what led patriots to choose republic over tyranny, pioneers to trek west, slaves to brave that makeshift railroad to freedom. It's what pulled immigrants and refugees across oceans and the Rio Grande, it's what pushed women to reach for the ballot, it's what powered workers to organize. It's why GIs gave their lives at Omaha Beach and Iwo Jima, Iraq and Afghanistan, and why men and women from Selma to Stonewall were prepared to give theirs as well. Barack Obama: (11:58) So that's what we mean when we say America is exceptional. Not that our nation has been flawless from the start, but that we have shown the capacity to change, and make life better for those who follow. Barack Obama: (12:19) Yes, our progress has been uneven. The work of democracy has always been hard, it's always been contentious. Sometimes it's been bloody. For every two steps forward, it often feels we take one step back. But the long sweep of America has been defined by forward motion, a constant widening of our founding creed to embrace all, and not just some. Barack Obama: (13:08) If I had told you eight years ago that America would reverse a great recession, reboot our auto industry, and unleash the longest stretch of job creation in our history ... If I had told you that we would open up a new chapter with the Cuban people, shut down Iran's nuclear weapons program without firing a shot, and take out the mastermind of 9/11 ... If I had told you that we would win marriage equality, and secure the right to health insurance for another 20 million of our fellow citizens, if I had told y'all that, you might have said our sights were set a little too high. Barack Obama: (14:11) But that's what we did. That's what you did. You were the change. You answered people's hopes, and because of you, by almost every measure, America is a better, stronger place than it was when we started. Barack Obama: (14:48) In ten days, the world will witness a hallmark of our democracy. No, no, no, no no. The peaceful transfer of power from one freely elected president to the next. I committed to President-elect Trump that my administration would ensure the smoothest possible transition, just as President Bush did for me. Because it's up to all of us to make sure our government can help us meet the many challenges we still face. Barack Obama: (15:36) We have what we need to do so. We have everything we need to meet those challenges. After all, we remain the wealthiest, most powerful, and most respected nation on Earth. Our youth, our drive, our diversity and openness, our boundless capacity for risk and reinvention means that the future should be ours. Barack Obama: (16:04) But that potential will only be realized if our democracy works. Only if our politics better reflects the decency of the our people. Only if all of us, regardless of party affiliation or particular interest, help restore the sense of common purpose that we so badly need right now. Barack Obama: (16:36) That's what I want to focus on tonight, the state of our democracy. Barack Obama: (16:45) Understand, democracy does not require uniformity. Our founders argued, they quarreled, and eventually they compromised. They expected us to do the same. But they knew that democracy does require a basic sense of solidarity, the idea that for all our outward differences, we're all in this together; that we rise or fall as one. Barack Obama: (17:30) There have been moments throughout our history that threatened that solidarity. The beginning of this century has been one of those times. A shrinking world, growing inequality, demographic change and the specter of terrorism. These forces haven't just tested our security and prosperity, but are testing our democracy as well. And how we meet these challenges to our democracy will determine our ability to educate our kids, and create good jobs, and protect our homeland. Barack Obama: (18:12) In other words, it will determine our future. Barack Obama: (18:19) To begin with, our democracy won't work without a sense that everyone has economic opportunity. And the good news is that today, the economy is growing again; wages, incomes, home values, and retirement accounts are all rising again; poverty is falling again. The wealthy are paying a fairer share of taxes even as the stock market shatters records. The unemployment rate is near a 10-year low. The uninsured rate has never, ever been lower. Healthcare costs are rising at the slowest rate in 50 years. And I've said and I mean it, if anyone can put together a plan that is demonstrably better than the improvements we've made to our healthcare system, that covers as many people at less cost, I will publicly support it. Barack Obama: (19:34) Because that, after all, is why we serve, not to score points or to get credit, but to make people's lives better. But for all the real progress we've made, we know it's not enough. Our economy doesn't work as well or grow as fast when a few prosper at the expense of a growing middle class and ladders for folks who want to get into the middle class. Barack Obama: (20:12) That's the economic argument. But stark inequality is also corrosive to our democratic idea. While the top 1% has amassed a bigger share of wealth and income, too many of our families, in inner cities and in rural counties, have been left behind. The laid-off factory worker, the waitress or healthcare worker who struggle to pay the bills, convinced that the game is fixed against them, that their government only serves the interests of the powerful. That's a recipe for more cynicism and polarization in our politics. Barack Obama: (20:55) There are no quick fixes to this long-term trend. I agree, our trade should be fair and not just free. But the next wave of economic dislocations won't come from overseas. It will come from the relentless pace of automation that makes a lot of good, middle-class jobs obsolete. Barack Obama: (21:15) So we're going to have to forge a new social compact, to guarantee all our kids the education they need, to give workers the power to unionize for better wages, to update the social safety net to reflect the way we live now and make more reforms to the tax code so corporations and individuals who reap the most from the new economy don't avoid their obligations to the country that's made their very success possible. We can argue about how to best achieve these goals. But we can't be complacent about the goals themselves. For if we don't create opportunity for all people, the disaffection and division that has stalled our progress will only sharpen in years to come. Barack Obama: (22:21) There's a second threat to our democracy, and this one is as old as our nation itself. After my election, there was talk of a post-racial America. Such a vision, however well-intended, was never realistic. Race remains a potent and often divisive force in our society. I've lived long enough to know that race relations are better than they were 10 or 20 or 30 years ago no matter what some folks say. You can see it not just in statistics, you see it in the attitudes of young Americans across the political spectrum. Barack Obama: (23:10) But we're not where we need to be. All of us have more work to do. If every economic issue is framed as a struggle between a hard-working white middle class and an undeserving minority, then workers of all shades are going to be left fighting for scraps while the wealthy withdraw further into their private enclaves. If we're unwilling to invest in the children of immigrants just because they don't look like us, we will diminish the prospects of our own children, because those brown kids will represent a larger and larger share of America's workforce. And we have shown that our economy doesn't have to be a zero-sum game. Last year, incomes rose for all races, all age groups, for men and for women. Barack Obama: (24:34) So we're going to be serious about race going forward. We need to uphold laws against discrimination in hiring, and in housing, and in education and in the criminal justice system. That is what our Constitution and our highest ideals require. But laws alone won't be enough. Hearts must change. It won't change over night. Social attitudes oftentimes take generations to change. But if our democracy is to work the way it should in this increasingly diverse nation, then each one of us need to try to heed the advice of a great character in American fiction, Atticus Finch, who said, "You never really understand a person until you consider things from his point of view, until you climb into his skin and walk around in it." Barack Obama: (25:39) For blacks and other minorities, that means tying our own very real struggles for justice to the challenges that a lot of people in this country face. Not only the refugee or the immigrant or the rural poor or the transgender American, but also the middle-aged white guy who from the outside may seem like he's got advantages, but has seen his world upended by economic and cultural and technological change. Barack Obama: (26:10) We have to pay attention and listen. Barack Obama: (26:23) For white Americans, it means acknowledging that the effects of slavery and Jim Crow didn't suddenly vanish in the '60s; that when minority groups voice discontent, they're not just engaging in reverse racism or practicing political correctness. When they wage peaceful protest, they're not demanding special treatment, but the equal treatment that our Founders promised. Barack Obama: (26:49) For native-born Americans, it means reminding ourselves that the stereotypes about immigrants today were said, almost word for word, about the Irish and Italians and Poles, who it was said were going to destroy the fundamental character of America. And as it turned out, America wasn't weakened by the presence of these newcomers. These newcomers embraced this nation's creed, and this nation was strengthened. Barack Obama: (27:44) So regardless of the station that we occupy, we all have to try harder. We all have to start with the premise that each of our fellow citizens loves this country just as much as we do, that they value hard work and family just like we do, that their children are just as curious and hopeful and worthy of love as our own. And that's not easy to do. Barack Obama: (28:30) For too many of us, it's become safer to retreat into our own bubbles, whether in our neighborhoods or on college campuses or places of worship or especially our social media feeds, surrounded by people who look like us and share the same political outlook and never challenge our assumptions. The rise of naked partisanship and increasing economic and regional stratification, the splintering of our media into a channel for every taste, all this makes this great sorting seem natural, even inevitable. And increasingly, we become so secure in our bubbles that we start accepting only information, whether it's true or not, that fits our opinions, instead of basing our opinions on the evidence that is out there. Barack Obama: (29:41) This trend represents a third threat to our democracy. Politics is a battle of ideas. That's how our democracy was designed. In the course of a healthy debate, we prioritize differing goals, and the different means of reaching them. But without some common baseline of facts, without a willingness to admit new information, and concede that your opponent might be making a fair point, and that science and reason matter, then we're going to keep talking past each other, and we'll make common ground and compromise impossible. Barack Obama: (30:31) And isn't that part of what so often makes politics dispiriting? How can elected officials rage about deficits when we propose to spend money on preschool for kids, but not when we're cutting taxes for corporations? How do we excuse ethical lapses in our own party, but pounce when the other party does the same thing? It's not just dishonest, this selective sorting of the facts. It's self-defeating. Because as my mom used to tell me, reality has a way of catching up with you. Barack Obama: (31:20) Take the challenge of climate change. In just eight years, we've halved our dependence on foreign oil, we've doubled our renewable energy, we've led the world to an agreement that has the promise to save this planet. But without bolder action, our children won't have time to debate the existence of climate change. They'll be busy dealing with its effects, more environmental disasters, more economic disruptions, waves of climate refugees seeking sanctuary. Barack Obama: (32:02) Now, we can and should argue about the best approach to the problem. But to simply deny the problem not only betrays future generations, it betrays the essential spirit of this country, the essential spirit of innovation and practical problem-solving that guided our Founders. Barack Obama: (32:37) It is that spirit, born of the Enlightenment, that made us an economic powerhouse. The spirit that took flight at Kitty Hawk and Cape Canaveral, the spirit that that cures disease and put a computer in every pocket. Barack Obama: (32:57) It's that spirit, a faith in reason, and enterprise, and the primacy of right over might, that allowed us to resist the lure of fascism and tyranny during the Great Depression, that allowed us to build a post-World War II order with other democracies, an order based not just on military power or national affiliations but built on principles, the rule of law, human rights, freedom of religion, speech, assembly, and an independent press. Barack Obama: (33:47) That order is now being challenged, first by violent fanatics who claim to speak for Islam; more recently by autocrats in foreign capitals who see free markets and open democracies and civil society itself as a threat to their power. The peril each poses to our democracy is more far-reaching than a car bomb or a missile. They represent the fear of change, the fear of people who look or speak or pray differently, a contempt for the rule of law that holds leaders accountable, an intolerance of dissent and free thought, a belief that the sword or the gun or the bomb or the propaganda machine is the ultimate arbiter of what's true and what's right. Barack Obama: (34:51) Because of the extraordinary courage of our men and women in uniform, because of the intelligence officers, law enforcement, and diplomats who support our troops, no foreign terrorist organization has successfully planned and executed an attack on our homeland these past eight years. And although Boston and Orlando and San Bernardino and Fort Hood remind us of how dangerous radicalization can be, our law enforcement agencies are more effective and vigilant than ever. We have taken out tens of thousands of terrorists, including bin Laden. The global coalition we're leading against ISIL has taken out their leaders, and taken away about half their territory. ISIL will be destroyed, and no one who threatens America will ever be safe. To all who serve or have served, it has been the honor of my lifetime to be your Commander-in-Chief. And we all owe you a deep [inaudible 00:36:08] of gratitude. Barack Obama: (36:30) But protecting our way of life, that's not just the job of our military. Democracy can buckle when it gives in to fear. So just as we, as citizens, must remain vigilant against external aggression, we must guard against a weakening of the values that make us who we are. That's why, for the past eight years, I've worked to put the fight against terrorism on a firmer legal footing. That's why we've ended torture, worked to close Gitmo, reformed our laws governing surveillance to protect privacy and civil liberties. That's why I reject discrimination against Muslim Americans, who are just as patriotic as we are. Barack Obama: (37:51) That's why we cannot withdraw from the global fights to expand democracy, and human rights, women's rights, and LGBT rights, no matter how imperfect our efforts, no matter how expedient ignoring such values may seem. That's part of defending America. For the fight against extremism and intolerance and sectarianism and chauvinism are of a piece with the fight against authoritarianism and nationalist aggression. If the scope of freedom and respect for the rule of law shrinks around the world, the likelihood of war within and between nations increases, and our own freedoms will eventually be threatened. Barack Obama: (38:55) So let's be vigilant, but not afraid. ISIL will try to kill innocent people. But they cannot defeat America unless we betray our Constitution and our principles in the fight. Rivals like Russia or China cannot match our influence around the world, unless we give up what we stand for and turn ourselves into just another big country that bullies smaller neighbors. Barack Obama: (39:33) Which brings me to my final point. Our democracy is threatened whenever we take it for granted. All of us, regardless of party, should be throwing ourselves into the task of rebuilding our democratic institutions. When voting rates in America are some of the lowest among advanced democracies, we should make it easier, not harder, to vote. When trust in our institutions is low, we should reduce the corrosive influence of money in our politics, and insist on the principles of transparency and ethics in public service. When Congress is dysfunctional, we should draw our congressional districts to encourage politicians to cater to common sense and not rigid extremes. Barack Obama: (40:56) But remember, none of this happens on its own. All of this depends on our participation, on each of us accepting the responsibility of citizenship, regardless of which way the pendulum of power happens to be swinging. Barack Obama: (41:21) Our Constitution is a remarkable, beautiful gift. But it's really just a piece of parchment. It has no power on its own. We the people give it power. We the people give it meaning with our participation, and with the choices we make and the alliances that we forge. Whether or not we stand up for our freedoms. Whether or not we respect and enforce the rule of law. That's up to us. America is no fragile thing. But the gains of our long journey to freedom are not assured. Barack Obama: (42:16) In his own farewell address, George Washington wrote that self-government is the underpinning of our safety, prosperity, and liberty, but from different causes and from different quarters much pains will be taken to weaken in your minds the conviction of this truth. And so, we have to preserve this truth with jealous anxiety, that we should reject the first dawning of every attempt to alienate any portion of our country from the rest or to enfeeble the sacred ties that make us one. Barack Obama: (43:07) America, we weaken those ties when we allow our political dialogue to become so corrosive that people of good character aren't even willing to enter into public service, so coarse with rancor that Americans with whom we disagree are seen not just as misguided, but as malevolent. We weaken those ties when we define some of us as more American than others; when we write off the whole system as inevitably corrupt, and when we sit back and blame the leaders we elect without examining our own role in electing them. Barack Obama: (44:03) It falls to each of us to be those anxious, jealous guardians of our democracy; to embrace the joyous task we've been given to continually try to improve this great nation of ours. Because for all our outward differences, we in fact all share the same proud title. The most important office in the democracy, citizen. Citizen. Barack Obama: (44:37) So you see, that's what our democracy demands. It needs you. Not just when there's an election, not just when your own narrow interest is at stake, but over the full span of a lifetime. If you're tired of arguing with strangers on the internet, try talking with one in real life. If something needs fixing, then lace up your shoes and do some organizing. If you're disappointed by your elected officials, grab a clipboard, get some signatures, and run for office yourself. Show up. Dive in. Stay at it. Sometimes you'll win. Sometimes you'll lose. Presuming a reservoir of goodness in other people, that can be a risk, and there will be times when the process will disappoint you. But for those of us fortunate enough to have been a part of this work and to see it up close, let me tell you, it can energize and inspire. And more often than not, your faith in America, and in Americans, will be confirmed. Barack Obama: (46:43) Mine sure has been. Over the course of these eight years, I've seen the hopeful faces of young graduates and our newest military officers. I have mourned with grieving families searching for answers, and found grace in a Charleston church. I've seen our scientists help a paralyzed man regain his sense of touch. I've seen wounded warriors, who at points were given up for dead, walk again. I've seen our doctors and volunteers rebuild after earthquakes and stop pandemics in their tracks. I've seen the youngest of children remind us, through their actions and through their generosity, of our obligations to care for refugees or work for peace, and above all to look out for each other. Barack Obama: (47:48) That faith that I placed all those years ago, not far from here, in the power of ordinary Americans to bring about change ... That faith has been rewarded in ways I could not possibly have imagined. I hope your faith has, too. Some of you here tonight or watching at home, you were there with us in 2004, in 2008, in 2012. Maybe you still can't believe we pulled this whole thing off. Barack Obama: (48:34) Let me tell you, you're not the only ones. Michelle ... Michelle LaVaughn Robinson, girl of the south side, for the past 25 years, you have been not only my wife and mother of my children, you have been my best friend. You took on a role you didn't ask for and you made it your own with grace and with grit and with style and good humor. You made the White House a place that belongs to everybody. And a new generation sets its sights higher because it has you as a role model. You have made me proud and you have made the country proud. Barack Obama: (50:48) Malia and Sasha, under the strangest of circumstances, you have become two amazing young women. You are smart and you are beautiful, but more importantly, kind and thoughtful and full of passion. You wore the burden of years in the spotlight so easily. Of all that I've done in my life, I am most proud to be your dad. Barack Obama: (51:28) To Joe Biden, the scrappy kid from Scranton who became Delaware's favorite son. You were the first decision I made as a nominee, and it was the best. Not just because you have been a great vice president, but because in the bargain, I gained a brother. We love you and Jill like family, and your friendship has been one of the great joys of our lives. Barack Obama: (52:37) To my remarkable staff. For eight years, and for some of you, a whole lot more, I have drawn from your energy. Every day I tried to reflect back what you displayed, heart and character and idealism. I've watched you grow up, get married, have kids, and start incredible new journeys of your own. Even when times got tough and frustrating, you never let Washington get the better of you. You've guarded against cynicism. The only thing that makes me prouder than all the good we've done is the thought of all the amazing things you are going to achieve from here. Barack Obama: (53:37) And to all of you out there, every organizer who moved to an unfamiliar town, every kind family who welcomed them in, every volunteer who knocked on doors, every young person who cast a ballot for the first time, every American who lived and breathed the hard work of change ... You are the best supporters and organizers anybody could hope for, and I will forever be grateful. Because you did change the world. You did. Barack Obama: (54:17) That's why I leave this stage tonight even more optimistic about this country than when we started. Because I know our work has not only helped so many Americans, it has inspired so many Americans, especially so many young people out there, to believe you can make a difference; to hitch your wagon to something bigger than yourselves. Let me tell you, this generation coming up, unselfish, altruistic, creative, patriotic. I've seen you in every corner of the country. You believe in a fair and just and inclusive America. You know that constant change has been America's hallmark, that it's not something to fear, but something to embrace. You are willing to carry this hard work of democracy forward. You'll soon outnumber all of us, and I believe as a result the future is in good hands. Barack Obama: (55:17) My fellow Americans, it has been the honor of my life to serve you. I won't stop. In fact, I will be right there with you, as a citizen, for all my remaining days. But for now, whether you are young or whether you're young at heart, I do have one final ask of you as your president, the same thing I asked when you took a chance on me eight years ago. Barack Obama: (56:01) I am asking you to believe. Not in my ability to bring about change, but in yours. I am asking you to hold fast to that faith written into our founding documents, that idea whispered by slaves and abolitionists, that spirit sung by immigrants and homesteaders and those who marched for justice, that creed reaffirmed by those who planted flags from foreign battlefields to the surface of the moon, a creed at the core of every American whose story is not yet written. Barack Obama: (56:38) Yes we can. Yes we did. Yes we can. Barack Obama: (56:39) Thank you. God bless you. May God continue to bless the United States of America. Thank you.

Over the last few days, we have seen clearly what's at stake in this election. The news from Wall Street has shaken the American people's faith in our economy. The situation with Lehman Brothers and other financial institutions is the latest in a wave of crises that have generated tremendous uncertainty about the future of our financial markets. This is a major threat to our economy and its ability to create good-paying jobs and help working Americans pay their bills, save for their future, and make their mortgage payments.

Since this turmoil began over a year ago, the housing market has collapsed. Fannie Mae and Freddie Mac had to be effectively taken over by the government. Three of America's five largest investment banks failed or have been sold off in distress. Yesterday, Wall Street suffered its worst losses since just after 9/11. We are in the most serious financial crisis in generations. Yet Senator McCain stood up yesterday and said that the fundamentals of the economy are strong

A few hours later, his campaign sent him back out to clean up his remarks, and he tried to explain himself again this morning by saying that what he meant was that American workers are strong. But we know that Senator McCain meant what he said the first time, because he has said it over and over again throughout this campaign - no fewer than 16 times, according to one independent count.

Now I certainly don't fault Senator McCain for all of the problems we're facing, but I do fault the economic philosophy he subscribes to. Because the truth is, what Senator McCain said yesterday fits with the same economic philosophy that he's had for 26 years. It's the philosophy that says we should give more and more to those with the most and hope that prosperity trickles down. It's the philosophy that says even common-sense regulations are unnecessary and unwise. It's a philosophy that lets Washington lobbyists shred consumer protections and distort our economy so it works for the special interests instead of working people.

We've had this philosophy for eight years. We know the results. You feel it in your own lives. Jobs have disappeared, and peoples' life savings have been put at risk. Millions of families face foreclosure, and millions more have seen their home values plummet. The cost of everything from gas to groceries to health care has gone up, while the dream of a college education for our kids and a secure and dignified retirement for our seniors is slipping away. These are the struggles that Americans are facing. This is the pain that has now trickled up.

So let's be clear: what we've seen the last few days is nothing less than the final verdict on an economic philosophy that has completely failed. And I am running for President of the United States because the dreams of the American people must not be endangered any more. It's time to put an end to a broken system in Washington that is breaking the American economy. It's time for change that makes a real difference in your lives.

If you want to understand the difference between how Senator McCain and I would govern as President, you can start by taking a look at how we've responded to this crisis. Because Senator McCain's approach was the same as the Bush Administration's: support ideological policies that made the crisis more likely; do nothing as the crisis hits; and then scramble as the whole thing collapses. My approach has been to try to prevent this turmoil.

In February of 2006, I introduced legislation to stop mortgage transactions that promoted fraud, risk or abuse. A year later, before the crisis hit, I warned Secretary Paulson and Chairman Bernanke about the risks of mounting foreclosures and urged them to bring together all the stakeholders to find solutions to the subprime mortgage meltdown. Senator McCain did nothing.

Last September, I stood up at NASDAQ and said it's time to realize that we are in this together - that there is no dividing line between Wall Street and Main Street - and warned of a growing loss of trust in our capital markets. Months later, Senator McCain told a newspaper that he'd love to give them a solution to the mortgage crisis, "but" - he said - "I don't know one."

In January, I outlined a plan to help revive our faltering economy, which formed the basis for a bipartisan stimulus package that passed the Congress. Senator McCain used the crisis as an excuse to push a so-called stimulus plan that offered another huge and permanent corporate tax cut, including $4 billion for the big oil companies, but no immediate help for workers.

This March, in the wake of the Bear Stearns bailout, I called for a new, 21st century regulatory framework to restore accountability, transparency, and trust in our financial markets. Just a few weeks earlier, Senator McCain made it clear where he stands: "I'm always for less regulation," he said, and referred to himself as "fundamentally a deregulator."

This is what happens when you confuse the free market with a free license to let special interests take whatever they can get, however they can get it. This is what happens when you see seven years of incomes falling for the average worker while Wall Street is booming, and declare - as Senator McCain did earlier this year - that we've made great progress economically under George Bush. That is how you can reach the conclusion - as late as yesterday - that the fundamentals of the economy are strong.

Well, we have a different way of measuring the fundamentals of our economy. We know that the fundamentals that we use to measure economic strength are whether we are living up to that fundamental promise that has made this country great -that America is a place where you can make it if you try.

Americans have always pursued our dreams within a free market that has been the engine of our progress. It's a market that has created a prosperity that is the envy of the world, and rewarded the innovators and risk-takers who have made America a beacon of science, and technology, and discovery. But the American economy has worked in large part because we have guided the market's invisible hand with a higher principle - that America prospers when all Americans can prosper. That is why we have put in place rules of the road to make competition fair, and open, and honest.

Too often, over the last quarter century, we have lost this sense of shared prosperity. And this has not happened by accident. It's because of decisions made in boardrooms, on trading floors and in Washington. We failed to guard against practices that all too often rewarded financial manipulation instead of productivity and sound business practices. We let the special interests put their thumbs on the economic scales. The result has been a distorted market that creates bubbles instead of steady, sustainable growth; a market that favors Wall Street over Main Street, but ends up hurting both.

Let me be clear: the American economy does not stand still, and neither should the rules that govern it. The evolution of industries often warrants regulatory reform - to foster competition, lower prices, or replace outdated oversight structures. Old institutions cannot adequately oversee new practices. Old rules may not fit the roads where our economy is leading. But instead of sensible reform that rewarded success and freed the creative forces of the market, too often we've excused an ethic of greed, corner-cutting and inside dealing that threatens the long-term stability of our economic system.

It happened in the 1980s, when we loosened restrictions on Savings and Loans and appointed regulators who ignored even these weaker rules. Too many S&Ls took advantage of the lax rules set by Washington to gamble that they could make big money in speculative real estate. Confident of their clout in Washington, they made hundreds of billions in bad loans, knowing that if they lost money, the government would bail them out. And they were right. The gambles did not pay off, our economy went into recession, and the taxpayers ended up footing the bill. Sound familiar?

And it has happened again during this decade, in part because of how we deregulated the financial services sector. After we repealed outmoded rules instead of updating them, we were left overseeing 21st century innovation with 20th century regulations. When subprime mortgage lending took a reckless and unsustainable turn, a patchwork of regulators systematically and deliberately eliminated the regulations protecting the American people and failed to raise warning flags that could have protected investors and the pensions American workers count on.

This was not the invisible hand of the market at work. These cycles of bubble and bust were symptoms of the ideology that my opponent is running to continue. John McCain has spent decades in Washington supporting financial institutions instead of their customers. In fact, one of the biggest proponents of deregulation in the financial sector is Phil Gramm - the same man who helped write John McCain's economic plan; the same man who said that we're going through a 'mental recession'; and the same man who called the United States of America a "nation of whiners." So it's hard to understand how Senator McCain is going to get us out of this crisis by doing the same things with the same old players.

Make no mistake: my opponent is running for four more years of policies that will throw the economy further out of balance. His outrage at Wall Street would be more convincing if he wasn't offering them more tax cuts. His call for fiscal responsibility would be believable if he wasn't for more tax cuts for the wealthiest Americans, and more of a trillion dollar war in Iraq paid for with deficit spending and borrowing from foreign creditors like China. His newfound support for regulation bears no resemblance to his scornful attitude towards oversight and enforcement. John McCain cannot be trusted to reestablish proper oversight of our financial markets for one simple reason: he has shown time and again that he does not believe in it.

What has happened these last eight years is not some historical anomaly, so we know what to expect if we try these policies for another four. When lobbyists run your campaign, the special interests end up gaming the system. When the White House is hostile to any kind of oversight, corporations cut corners and consumers pay the price. When regulators are chosen for their disdain for regulation and we gut their ability to enforce the law, then the interests of the American people are not protected. It's an ideology that intentionally breeds incompetence in Washington and irresponsibility on Wall Street, and it's time to turn the page.

Just today, Senator McCain offered up the oldest Washington stunt in the book - you pass the buck to a commission to study the problem. But here's the thing - this isn't 9/11. We know how we got into this mess. What we need now is leadership that gets us out. I'll provide it, John McCain won't, and that's the choice for the American people in this election.

History shows us that there is no substitute for presidential leadership in a time of economic crisis. FDR and Harry Truman didn't put their heads in the sand, or hand accountability over to a Commission. Bill Clinton didn't put off hard choices. They led, and that's what I will do. My priority as President will be the stability of the American economy and the prosperity of the American people. And I will make sure that our response focuses on middle class Americans - not the companies that created the problem.

To get out of this crisis - and to ensure that we are not doomed to repeat a cycle of bubble and bust again and again - we must take immediate measures to create jobs and continue to address the housing crisis; we must build a 21st century regulatory framework, and we must pursue a bold opportunity agenda that creates new jobs and grows the American economy.

To jumpstart job creation, I have proposed a $50 billion Emergency Economic Plan that would save 1 million jobs by rebuilding our infrastructure, repairing our schools, and helping our states and localities avoid damaging budget cuts.

I worked with leaders in Congress to create a new FHA Housing Security Program, which will help stabilize the housing market and allow Americans facing foreclosure to keep their homes at rates they can afford. Going forward, we need to replace Fannie Mae and Freddie Mac as we know them with a structure that is focused on helping people buy homes - not engaging in market speculation. We can't have a situation like the old S&L scandal where its "heads" investors win, and "tails" taxpayers lose. That's going to take ending the lobbyist-driven dominance of these institutions that we've seen for far too long in Washington.

To prevent fraud in the mortgage market, I've proposed tough penalties on fraudulent lenders, and a Home Score system that will ensure consumers fully understand mortgage offers and whether they'll be able to make payments. To help low- and middle-income families, I will ease the burden on struggling homeowners through a universal homeowner's tax credit. This will add up to a 10 percent break off the mortgage interest rate for 10 million households. That's another $500 each year for many middle class families.

Unlike Senator McCain, I will change our bankruptcy laws to make it easier for families to stay in their homes. Right now, if you're a family that owns one house, bankruptcy judges are actually barred from helping you keep a roof over your head by writing down the value of your mortgage. If you own seven homes, the judge is free to write down any or all of the debt on your second, third, fourth, fifth, sixth or seventh homes. Now that may be of comfort to Senator McCain, but that's the kind of out-of-touch Washington loophole that makes no sense. When I'm President, we'll make our laws work for working people.

But as we've seen the last few days, the crisis in our financial markets now reaches well beyond the housing market. That's why it's time to do what I called for last September and again this past March - and it is only more overdue today.

Our capital markets cannot succeed without the public's trust. It's time to get serious about regulatory oversight, and that's what I will do as President. That starts with the core principles for reform that I discussed at Cooper Union.

First, if you're a financial institution that can borrow from the government, you should be subject to government oversight and supervision. When the Federal Reserve steps in as a lender of last resort, it is providing an insurance policy underwritten by the American taxpayer. In return, taxpayers have every right to expect that financial institutions with access to that credit are not taking excessive risks.

Second, we must reform requirements on all regulated financial institutions. We must strengthen capital requirements, particularly for complex financial instruments like some of the mortgage securities and other derivatives at the center of our current crisis. We must develop and rigorously manage liquidity risk. We must investigate rating agencies and potential conflicts of interest with the people they are rating. And we must establish transparency requirements that demand full disclosure by financial institutions to shareholders and counterparties. As we reform our regulatory system at home, we must address the same problems abroad so that financial institutions around the world are subject to similar rules of the road.

Third, we need to streamline our regulatory agencies. Our overlapping and competing regulatory agencies cannot oversee the large and complex institutions that dominate the financial landscape. Different institutions compete in multiple markets - Washington should not pretend otherwise. A streamlined system will provide better oversight and reduce costs.

Fourth, we need to regulate institutions for what they do, not what they are. Over the last few years, commercial banks and thrift institutions were subject to guidelines on subprime mortgages that did not apply to mortgage brokers and companies. This regulatory framework failed to protect homeowners, and made no sense for our financial system. When it comes to protecting the American people, it should make no difference what kind of institution they are dealing with.

Fifth, we must crack down on trading activity that crosses the line to market manipulation. The last six months have shown that this remains a serious problem in many markets and becomes especially problematic during moments of great financial turmoil. We cannot embrace the administration's vision of turning over the protection of investors to the industries themselves. We need regulators that actually enforce the rules instead of overlooking them. The SEC should investigate and punish market manipulation, and report its conclusions to Congress.

Sixth, we must establish a process that identifies systemic risks to the financial system like the crisis that has overtaken our economy. Too often, we end up where we are today: dealing with threats to the financial system that weren't anticipated by regulators. We need a standing financial market advisory group to meet regularly and provide advice to the President, Congress, and regulators on the state of our financial markets and the risks they face. It's time to anticipate risks before they erupt into a full-blown crisis.

These six principles should guide the legal reforms needed to establish a 21st century regulatory system. But the change we need goes beyond laws and regulation. Financial institutions must do a better job at managing risks. There is something wrong when boards of directors or senior managers don't understand the implications of the risks assumed by their own institutions. It's time to realign incentives and CEO compensation packages, so that both high level executives and employees better serve the interests of shareholders.

Finally, the American people must be able to trust that their government is looking out for all of us - not the special interests that have set the agenda in Washington for eight years, and the lobbyists who run John McCain's campaign.

I've spent my career taking on lobbyists and their money, and I've won. If you wanted a special favor in Illinois, there was actually a law that let you give campaign cash to politicians for their own personal use. In the State House, they called it business-as-usual. I called it legalized bribery, and while it didn't make me the most popular guy in Springfield, I put an end to it.

When I got to Washington, we saw some of the worst corruption since Watergate. I led the fight for reform in my party, and let me tell you - not everyone in my party was too happy about it. When I proposed forcing lobbyists to disclose who they're raising money from and who in Congress they're funneling it to, I had a few choice words directed my way on the floor of the Senate. But we got it done, and we banned gifts from lobbyists, and free rides on their fancy jets. And I am the only candidate who can say that Washington lobbyists do not fund my campaign, they will not run my White House, and they will not drown out the voices of the American people when I am President of the United States. That's how we're going to end the outrage of special interests tipping the scales.

The most important thing we must do is restore opportunity for all Americans. To get our economy growing, we need to recapture that fundamental American promise. That if you work hard, you can pay the bills. That if you get sick, you won't go bankrupt. That your kids can get a good education, and that we can leave a legacy of greater opportunity to future generations.

That's the change the American people need. While Senator McCain likes to talk about change these days, his economic program offers nothing but more of the same. The American people need more than change as a slogan- we need change that makes a real difference in your life.

Change means a tax code that doesn't reward the lobbyists who wrote it, but the American workers and small businesses who deserve it. I will stop giving tax breaks to corporations that ship jobs overseas, and I will start giving them to companies that create good jobs right here in America. I will eliminate capital gains taxes for small businesses and start-ups - that's how we'll grow our economy and create the high-wage, high-tech jobs of tomorrow.

I will cut taxes - cut taxes - for 95% of all working families. My opponent doesn't want you to know this, but under my plan, tax rates will actually be less than they were under Ronald Reagan. If you make less than $250,000 a year, you will not see your taxes increase one single dime. In fact, I offer three times the tax relief for middle-class families as Senator McCain does - because in an economy like this, the last thing we should do is raise taxes on the middle-class.

I will finally keep the promise of affordable, accessible health care for every single American. If you have health care, my plan will lower your premiums. If you don't, you'll be able to get the same kind of coverage that members of Congress give themselves. And I will stop insurance companies from discriminating against those who are sick and need care the most

I will create the jobs of the future by transforming our energy economy. We'll tap our natural gas reserves, invest in clean coal technology, and find ways to safely harness nuclear power. I'll help our auto companies re-tool, so that the fuel-efficient cars of the future are built right here in America. I'll make it easier for the American people to afford these new cars. And I'll invest 150 billion dollars over the next decade in affordable, renewable sources of energy - wind power and solar power and the next generation of biofuels; an investment that will lead to new industries and five million new jobs that pay well and can't ever be outsourced

And now is the time to finally meet our moral obligation to provide every child a world-class education, because it will take nothing less to compete in the global economy. I'll recruit an army of new teachers, and pay them higher salaries and give them more support. But in exchange, I will ask for higher standards and more accountability. And we will keep our promise to every young American - if you commit to serving your community or your country, we will make sure you can afford a college education.

This is the change we need - the kind of bottom up growth and innovation that will advance the American economy by advancing the dreams of all Americans.

Times are hard. I will not pretend that the changes we need will come without cost - though I have presented ways we can achieve these changes in a fiscally responsible way. I know that we'll have to overcome our doubts and divisions and the determined opposition of powerful special interests before we can truly reform a broken economy and advance opportunity.

But I am running for President because we simply cannot afford four more years of an economic philosophy that works for Wall Street instead of Main Street, and ends up devastating both.

I don't want to wake up in four years to find that more Americans fell out of the middle-class, and more families lost their savings. I don't want to see that our country failed to invest in our ability to compete, our children's future was mortgaged on another mountain of debt, and our financial markets failed to find a firmer footing.

This time - this election - is our chance to stand up and say: enough is enough!

We can do this because Americans have done this before. Time and again, we've battled back from adversity by recognizing that common stake that we have in each other's success. That's why our economy hasn't just been the world's greatest wealth generator - it's bound America together, it's created jobs, and it's made the dream of opportunity a reality for generation after generation of Americans.

Now it falls to us. And I need you to make it happen. If you want the next four years looking just like the last eight, then I am not your candidate. But if you want real change - if you want an economy that rewards work, and that works for Main Street and Wall Street; if you want tax relief for the middle class and millions of new jobs; if you want health care you can afford and education so that our kids can compete; then I ask you to knock on some doors, and make some calls, and talk to your neighbors, and give me your vote on November 4th. And if you do, I promise you - we will win Colorado, we will win this election, and we will change America together.

S&P 500 closes with strongest quarter since 2020: justthenews.com/politics-polic

[Instrumental Intro]

[Chorus]
I can't get no satisfaction
I can't get no satisfaction
'Cause I try, and I try, and I try and I try
I can't get no, I can't get no

[Verse 1]
When I'm driving in my car
And that man comes on the radio
And he's telling me more and more
About some useless information
Supposed to fire my imagination
I can't get no, oh no, no, no
Hey, hey, hey, that's what I'll say

[Chorus]
I can't get no satisfaction
I can't get no satisfaction
'Cause I try, and I try, and I try, and I try
I can't get no, I can't get no

[Verse 2]
When I'm watching my TV
And a man comes on and tells me
How white my shirts can be
Well, he can't be a man 'cause he doesn't smoke
The same cigarettes as me
I can't get no, oh no, no, no
Hey, hey, hey, that's what I say
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[Chorus]
I can't get no satisfaction
I can't get no girl reaction
'Cause I try, and I try, and I try, and I try
I can't get no, I can't get no

[Verse 3]
When I'm riding 'round the world
And I'm doing this and I'm signing that
And I'm trying to make some girl
Who tells me, "Baby, better come back, maybe next week"
'Cause you see, I'm on a losing streak
I can't get no, oh no, no, no
Hey, hey, hey, that's what I'll say

[Outro]
I can't get no, I can't get no
I can't get no satisfaction
No satisfaction, no satisfaction, no satisfaction
I can't get no