Read the Speech Here - http://abcn.ws/11LUB1R

Watch This Moment - Obama's pause to look back at 1 million people who came to see him - http://abcn.ws/Xty6Id

7 1/2 Other 'Moments' - Including running Joe Biden gets in there with the people - http://abcn.ws/WRO7am

A full recap of the entire day lives on at our Live Blog - Everything from our policy analysis to Obama's Blackberry (who emails that guy on inauguration day?) and his gum (Nicorette?) - http://abcn.ws/10ytirv

The Obama Collective - It was an inaugural address that sounded a defense of the American government's contribution to social fabric and made the argument that the social fabric binds this country together.

It was a pre-emptive strike in the coming battle over those programs.

Obama - "…preserving our individual freedoms ultimately requires collective action…"

"The commitments we make to each other - through Medicare, and Medicaid, and Social Security - these things do not sap our initiative; they strengthen us. They do not make us a nation of takers; they free us to take the risks that make this country great."

"Progress does not compel us to settle centuries-long debates about the role of government for all time - but it does require us to act in our time…"

He made a strong pitch for a progressive government even as he encouraged a more reasoned discourse.

"We cannot mistake absolutism for principle, or substitute spectacle for politics, or treat name-calling as reasoned debate," he said.

Rick Klein: "This was no centrist conciliator. It was the speech of a committed, unapologetic progressive, an Obama doctrine for domestic policy that included concrete commitments in areas he made little progress on over his first four years. Above all, he was speaking to a changing America - the nation that propelled him to a second term, and whose voices he will need to channel to be effective over the next four years." http://abcn.ws/Tbd99y

Here is Devin Dwyer's Wrap of the Day - "The address, lasting a little less than 20 minutes, laid out in broad terms Obama's vision for the next four years, alluding to looming policy debates on the war in Afghanistan, deficit reduction, immigration, and overhaul of Social Security and Medicare.

"Obama also became the first president, at least in recent inaugural history, to make explicit mention of equality for gay and lesbian Americans. He made repeated mentions of "climate change," something no president has said from such a platform before." http://abcn.ws/13WWYP0

More on each of those subjects below:

Obama Digs at 'Name Calling,' Partisanship-In his inaugural address, President Obama called on Washington to act - something it hasn't done much of lately. http://abcn.ws/10A15k6 (Chris Good)

Obama Makes History By Citing Gay Rights in Inaugural Address - President Obama made history in his inaugural address today mentioning the word "gay" and the issue of gay rights for the first time in a speech at the presidential swearing in. http://abcn.ws/UMkKbH (Shushannah Walshe). Climate Change: Obama Pledges Action in Inaugural - President Obama's inauguration speech was broad, as such addresses tend to be, but he got specific when it came to climate change. http://abcn.ws/VVFwaI (Chris Good)

Pledges Action on Climate Change - http://abcn.ws/Vlakjh

Obama's Inaugural Pitch for Immigration Reform - http://abcn.ws/WB0oS7 (Jordan Fabian at Univision)

Who Got on the Stage for Obama's Speech? Our Interactive Guide - http://abcn.ws/WRJWv3

And for Tonight - the Inaugural Cake - http://abcn.ws/V2t1GG

The Day in Trends - http://abcn.ws/XReuQg Panetta: U.S. Assistance to French in Mali Could Serve as Model - In his second inaugural address, President Obama said, "We, the people still believe that enduring security and lasting peace do not require perpetual war." http://abcn.ws/WbmBrX (Luis Martinez)

Timing Is Curious for Christie's Announcements - During the very same hour of President Obama's second inauguration, New Jersey Gov. Chris Christie, who is often mentioned as a potential 2016 Republican presidential contender, sent out two separate announcements. http://abcn.ws/WRxsUu (Michael Falcone)

Paul Ryan Tweets Congratulations To Obama - No word from Mitt Romney, but his running mate, Rep. Paul Ryan sent out congrats to President Obama. http://abcn.ws/Wi7Roa (Elizabeth Hartfield)

First Family Of Fashion Dresses For Inauguration-The first family of fashion showed up for President Barack Obama's second Inauguration in style. http://abcn.ws/Vg8eVy (Jilian Fama) Inauguration Party-Crashing Advice From Extraordinaire Fred Karger- Inauguration Day is about pomp, and with pomp comes parties. http://abcn.ws/Vg6eN4 (Chris Good)

Colin Powell Slams 'Idiot Presentations' By Some Republicans, Urges GOP Leaders To 'Speak Out'- In an interview with ABC's Diane Sawyer and George Stephanopoulos during ABC's special inauguration day coverage this morning, former Secretary of State Colin Powell lashed out at people in the Republican Party who spent the last four years spreading "birther nonsense" and other "things that demonize the presid ent," calling on GOP leaders to denounce such talk - publicly. http://abcn.ws/YiLeGk (Michael Falcone) Top Historical Inaugural Gaffes- At Sunday's official inaugural ceremony, President Obama recited his oath without a hitch. Unfortunately, other presidents were not so successful at their inaugurations. http://abcn.ws/VjSTzx (Alisa Wiersema)

A 'Fiasco' Creates Pre-Inaugural Uproar - Rapper Lupe Fiasco was not feeling the inaugural love on Sunday night when he was supposedly thrown offstage and escorted from the premises of a Washington, D.C. concert hall during a pre-inauguration concert. http://abcn.ws/11LCE3q (Jilian Fama)