In the end, it's our ideals, our values that built America, values that allowed us to forge a nation made up of immigrants from every corner of the globe, values that drive our citizens still.
Every day, Americans meet their responsibilities to their families and their employers. Time and again, they lend a hand to their neighbors and give back to their country. They take pride in their labor and are generous in spirit.
These aren't Republican values or Democratic values that they're living by, business values or labor values. They're American values.
Unfortunately, too many of our citizens have lost faith that our biggest institutions -- our corporations, our media, and, yes, our government -- still reflect these same values.
Each of these institutions are full of honorable men and women doing important work that helps our country prosper. But each time a CEO rewards himself for failure or a banker puts the rest of us at risk for his own selfish gain, people's doubts grow. Each time lobbyists game the system or politicians tear each other down instead of lifting this country up, we lose faith.
The more that TV pundits reduce serious debates to silly arguments, big issues into sound bites, our citizens turn away.
No wonder there's so much cynicism out there. No wonder there's so much disappointment.
I campaigned on the promise of change, change we can believe in, the slogan went. And right now, I know there are many Americans who aren't sure if they still believe we can change, or that I can deliver it.
But remember this: I never suggested that change would be easy or that I could do it alone. Democracy in a nation of 300 million people can be noisy and messy and complicated. And when you try to do big things and make big changes, it stirs passions and controversy. That's just how it is.
Those of us in public office can respond to this reality by playing it safe and avoid telling hard truths and pointing fingers. We can do what's necessary to keep our poll numbers high and get through the next election instead of doing what's best for the next generation.
But I also know this: If people had made that decision 50 years ago or 100 years ago or 200 years ago, we wouldn't be here tonight. The only reason we are here is because generations of Americans were unafraid to do what was hard, to do what was needed even when success was uncertain, to do what it took to keep the dream of this nation alive for their children and their grandchildren.
Our administration has had some political setbacks this year, and some of them were deserved. But I wake up every day knowing that they are nothing compared to the setbacks that families all across this country have faced this year.
And what keeps me going, what keeps me fighting, is that despite all these setbacks, that spirit of determination and optimism, that fundamental decency that has always been at the core of the American people, that lives on.
It lives on in the struggling small-business owner who wrote to me of his company, "None of us," he said, "are willing to consider, even slightly, that we might fail."
It lives on in the woman who said that, even though she and her neighbors have felt the pain of recession, "We are strong, we are resilient, we are American."
It lives on in the 8-year-old boy in Louisiana who just sent me his allowance and asked if I would give it to the people of Haiti.
And it lives on in all the Americans who've dropped everything to go someplace they've never been and pull people they've never known from the rubble, prompting chants of "USA! USA! USA!" when another life was saved.
The spirit that has sustained this nation for more than two centuries lives on in you, its people.
We have finished a difficult year. We have come through a difficult decade. But a new year has come. A new decade stretches before us.
We don't quit. I don't quit. Let's seize this moment, to start anew, to carry the dream forward, and to strengthen our union once more.
(APPLAUSE)
Thank you. God bless you. And God bless the United States of America.