Thank you!

(applause)

Thank you, thank you.

All right, everybody, sit down -- sit down.

You're going to make me choke up.

(laughter)

Well, it's good to see you, Democrats.

Everybody is looking good.

To not only the members, but the families and folks who

are here, staff, everybody who does such hard work,

it is wonderful to be with you again.

And I want to obviously start off by just thanking

somebody who I believe will go down as one of the finest

Democratic leaders and speakers we've ever had,

my dear friend, Nancy Pelosi.

(applause)

Who also has adorable grandchildren.

(applause)

I mean, it's hard to find more photogenic grandkids.

(laughter)

I'm telling you, they look like they just jumped out of

a magazine.

To the rest of the leadership -- Steny, Jim,

Xavier, so many others who have worked with the

White House to make a profound difference in the lives of

the American people.

I am looking forward to one more year of hard work and

fulfilling work.

And I know that the Carolina and Colorado delegations may

be a little distracted right now --

(laughter)

-- by the Super Bowl and the bets that they are laying.

If it's buffalo versus barbecue, I'm in.

(laughter)

But I wish you guys all the luck and I congratulate you

on unbelievable championship games.

Audience Member: Go Broncos!

The President: There you go.

Audience Member: Roll Tide!

The President: She's still talking about Alabama --

that was a couple weeks ago.

(laughter)

So I'm not going to speak long because I want to make

sure that we have a chance for Q&A and I just had a

long discussion with a lot of you and the American

people in the State of the Union.

Obviously it is election season.

The press has been focused on debates and divisions

that they can drum up within the primary,

and within our party.

I'm not worried, though, about this party staying united.

The other side may have some stuff to work out,

but our trajectory is clear.

And everyone scouring my word to find some deeper

meaning, to see if I'm trying to put my finger on

the scales, so let me simplify things.

Tonight, I have an announcement to make about

the presidential race: Democrats will win in

November and we will have a Democratic President

succeeding me.

Just in case there's any confusion about that.

(applause)

And the reason I can say that with confidence is

because we focus on the things that matter in the

lives of the American people.

Think about the four questions that I posed

during the State of the Union.

How do we give everybody a fair shot at opportunity and

security in this new economy?

How do we harness the American spirit of

innovation to solve some of our biggest challenges?

How do we keep America safe and lead the world without

becoming the world's policeman?

And how do we make sure that our politics reflect what's

best in us, not what's worst?

Our party has the right answers to each

of these questions.

We've shown that during these past seven years.

As Democrats, we believe everybody who works hard

should have a fair shot.

Our policies rescued the economy from the worst

crisis in generations.

We have now seen the longest streak of private-sector job

creation in our history -- more than 14 million new jobs.

The best two years of job growth since the last time a

Democrat was in the White House.

Nearly 18 million Americans newly covered

by health insurance.

(applause)

Sometimes I get a little frustrated that we don't run

back the tape to what the Republicans said back then.

Because at each juncture, every single one of the

steps we took, they said the opposite.

Wanted to go in a different direction,

claimed that our policies would crush jobs and destroy

the economy.

Do people remember that?

Audience: Yes.

The President: They said gas would be at $6.50 a gallon

-- pull up the quotes.

Right now, it's around $1.80.

They said deficits would explode.

We cut them by almost three-quarters.

My opponent in the last election promised 6 percent

unemployed by the end of 2016.

We got it to 5 percent by the end of 2015.

(applause)

Our policies are the ones that worked.

So we can't let Republicans roll back this progress by

letting big banks or big oil or hedge funds make their

own rules at the expense of everybody else.

We can't let a tax on collective bargaining go unanswered.

(applause)

We have to build on the progress we've made with

education and training for jobs that pay a good wage,

with benefits and protections,

that make sure these jobs provide a basic measure

of security.

And by the way, one of the things that I've talked

about many of you -- with many of you is the deepening

problem in Puerto Rico that threatens the well-being of

3.5 million Americans.

My administration has put forward a comprehensive

proposal to give Puerto Rico the necessary tools to

address its crisis, create a path to recovery.

And the most urgent tool that we need right now -- a

comprehensive restructuring authority -- costs taxpayers

nothing, and will help more Americans regain control of

their own economic security.

That's the kind of thing that Democrats believe in.

It's why we support a minimum wage.

That's why we support paid leave.

That's why we support making sure that working families,

not folks who are doing just fine,

have access to the opportunities that this new

economy is generating.

And on the other side, other than some slogans,

you do not hear a single policy that they're putting

forward that you can say would help middle-class

families or help working-class families.

That's what this election is about.

As Democrats, we believe in science -- I know it's a

radical proposition.

(laughter)

We believe in the power of American ingenuity and

innovation.

And over the past seven years,

our policies have helped put tens of thousands of

Americans to work in clean energy jobs that pay better

than average.

We've been able to double the amount of clean energy

that we generate.

In some parts of the country, wind power,

solar power are now cheaper than dirty fossil fuels.

We've cut our oil imports by nearly 60 percent,

and we've cut our total carbon pollution more than

any other nation on Earth.

That's what we've done.

(applause)

So we can't let Republicans roll back this progress back

by giving fossil fuel companies the ability to run

roughshod and destroy our environment

for future generations.

And rather than subsidize the past,

we should be investing in the future,

and the incredible opportunities that come with it.

That's what we're focused on,

that's what all Democrats believe in.

As Democrats, our top national security priority

and the thing that I think about every single day when

I wake up is how do we protect the American people

and keep them from terrorist attacks.

(applause)

And for more than a year, America has led a coalition

of more than 60 countries to hunt down and destroy ISIL,

including with nearly 10,000 airstrikes.

We're not going to build progress with a bunch of

phony tough talk, and bluster,

and over-the-top claims that just play into ISIL's hands.

We're not going to strengthen our leadership

around the world by allowing politicians to insult

Muslims or pit groups of Americans against each other.

That's not who we are.

That's not keeping America safe.

(applause)

Keeping America safe and strong and respected

requires us using every element of our power.

That's how we worked to prevent a nuclear-armed Iran.

And, again, you will recall that the other side was

claiming this would never work,

they were going to cheat.

And yet, a few months later, we now know,

have certified that massive amounts of existing nuclear

stockpiles and their infrastructure has been

dismantled or shipped out.

(applause)

And even those who were skeptical are now having to

admit that, without firing a shot,

we achieved something that all of us had an interest in

and have been working on for years.

That's how we stopped the spread of Ebola in West Africa.

Our leadership.

Our military.

Our public health workers.

Our scientists.

(applause)

That's why we're ending 50 years of failed policies by

restoring diplomatic relations to Cuba.

(applause)

That is true strength and true leadership,

and that's what we believe in.

And we believe that our politics should reflect

what's best in us.

You know, I'm not going to claim Democrats are perfect.

I'm not going to claim that we're right on every single

issue, or we have a monopoly on wisdom.

But I do know that we hold ourselves to a higher standard.

We know that we've got to do better.

We believe that there are structural problems in our

democracy that we can fix; that there's too much money

in our politics; that a true democracy doesn't try to

discourage people from voting but, in fact,

tries to encourage people from voting and

participating and making sure their voice is heard.

(applause)

Because we believe that every vote,

and every voice matters -- whether it's black or white,

or Hispanic or Asian, or Native American, gay,

straight, people with disabilities.

That everybody's voice matters.

Everybody's voice counts.

That's what we fought for.

That's why John Lewis is sitting here today.

(applause)

We believe that no matter who you are,

where you got your start, what your first name -- what

your last name is, what zip code you were born in,

that you deserve a shot, an opportunity, and success.

That's what we believe.

And we believe, yes, that government has a role to

play in making that happen, to giving a hand up to people.

If we stay true to those principles,

our party is not just going to have a good year --

America will have a good year.

And we'll have more good years after that,

and we'll build for future generations to come.

During this election season, there is a lot of noise and

a lot of talk about America in decline,

and as I said at the State of the Union,

I don't believe it, and the facts don't show it.

We're doing a lot better than we were seven,

eight years ago, and we've got a long way to go,

but the same approach that we've taken of listening to

the daily struggle and hopes and aspirations of people,