at our system cannot tolerate too many big plans. Their
memories are short. For they have forgotten what this country has
already done; what free men and women can achieve when imagination is
joined to common purpose, and necessity to courage.

What the cynics fail to understand is that the ground has shifted
beneath them -- that the stale political arguments that have consumed us
for so long no longer apply. The question we ask today is not whether
our government is too big or too small, but whether it works -- whether
it helps families find jobs at a decent wage, care they can afford, a
retirement that is dignified. Where the answer is yes, we intend to move
forward. Where the answer is no, programs will end. And those of us who
manage the public's dollars will be held to account -- to spend wisely,
reform bad habits, and do our business in the light of day -- because
only then can we restore the vital trust between a people and their
government.

Nor is the question before us whether the market is a force for good or
ill. Its power to generate wealth and expand freedom is unmatched, but
this crisis has reminded us that without a watchful eye, the market can
spin out of control -- and that a nation cannot prosper long when it
favors only the prosperous. The success of our economy has always
depended not just on the size of our gross domestic product, but on the
reach of our prosperity; on our ability to extend opportunity to every
willing heart -- not out of charity, but because it is the surest route
to our common good.

As for our common defense, we reject as false the choice between our
safety and our ideals. Our founding fathers, faced with perils we can
scarcely imagine, drafted a charter to assure the rule of law and the
rights of man, a charter expanded by the blood of generations. Those
ideals still light the world, and we will not give them up for
expedience's sake. And so to all other peoples and governments who are
watching today, from the grandest capitals to the small village where my
father was born: know that America is a friend of each nation and every
man, woman, and child who seeks a future of peace and dignity, and that
we are ready to lead once more.

Recall that earlier generations faced down fascism and communism not
just with missiles and tanks, but with sturdy alliances and enduring
convictions. They understood that our power alone cannot protect us, nor
does it entitle us to do as we pleas