Transcript: President Obama's DNC Speech

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You're the reason a young man in Colorado who never thought he'd be able to afford his dream of earning a medical degree is about to get that chance. You made that possible.

You're the reason a young immigrant who grew up here and went to school here and pledged allegiance to our flag will no longer be deported from the only country she's ever called home; why selfless soldiers won't be kicked out of the military because of who they are or who they love; why thousands of families have finally been able to say to the loved ones who served us so bravely: "Welcome home."

If you turn away now – if you buy into the cynicism that the change we fought for isn't possible…well, change will not happen. If you give up on the idea that your voice can make a difference, then other voices will fill the void: lobbyists and special interests; the people with the $10 million checks who are trying to buy this election and those who are making it harder for you to vote; Washington politicians who want to decide who you can marry, or control health care choices that women should make for themselves.

Only you can make sure that doesn't happen. Only you have the power to move us forward.

I recognize that times have changed since I first spoke to this convention. The times have changed – and so have I.

I'm no longer just a candidate. I'm the President. I know what it means to send young Americans into battle, for I have held in my arms the mothers and fathers of those who didn't return. I've shared the pain of families who've lost their homes, and the frustration of workers who've lost their jobs. If the critics are right that I've made all my decisions based on polls, then I must not be very good at reading them. And while I'm proud of what we've achieved together, I'm far more mindful of my own failings, knowing exactly what Lincoln meant when he said, "I have been driven to my knees many times by the overwhelming conviction that I had no place else to go."

But as I stand here tonight, I have never been more hopeful about America. Not because I think I have all the answers. Not because I'm naïve about the magnitude of our challenges.

I'm hopeful because of you.

The young woman I met at a science fair who won national recognition for her biology research while living with her family at a homeless shelter – she gives me hope.

The auto worker who won the lottery after his plant almost closed, but kept coming to work every day, and bought flags for his whole town and one of the cars that he built to surprise his wife – he gives me hope.

The family business in Warroad, Minnesota that didn't lay off a single one of their four thousand employees during this recession, even when their competitors shut down dozens of plants, even when it meant the owners gave up some perks and pay – because they understood their biggest asset was the community and the workers who helped build that business – they give me hope.

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