President Obama: From 'Yes We Can' to 'Yes We Did'

The president cites fast economic growth and a deficit cut by two thirds as measures of success.
2:58 | 01/21/15

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Transcript for President Obama: From 'Yes We Can' to 'Yes We Did'
We turn to the state of the union and aggressive speech from the president saying the shadow of crisis has passed. He took credit for the economic recovery offered up an uncompromising liberal agenda for his last two years. ABC's Jon Karl is there. There was not a lot of love there. I didn't hear any concessions from the president. He seemed so confident you would have thought he had just won another election. The president who campaigned saying yes we can has a new theme, yes, we did. We've seen the fastest economic growth in over a decade. Our deficit's cut by two-thirds. A stock market that has doubled and health care inflation at its lowest rate in 50 years. That's good news, people. Reporter: The press's was most obvious when he went off script during the most memorable line of the night. I have no more campaigns to run. My only agenda -- I know because I won both of them. Reporter: Almost immediately the #iwonboth set a for the next two years the president vowed to fight republican efforts to roll back any of his policies from immigration to obamacare. If a bill comes to my desk that tries to do any of these things I will veto it. Reporter: Striking a pop lift tone he called for higher taxes on the wealthy and new programs to help the middle class including free community college for all and vowed to continue to fight for things he couldn't get done even before the republicans took over like raising the minimum wage. If you truly believe you can work full time and support a family on less than $15,000 a year, try it. If not, vote to give millions of the hardest working people in America a raise. Reporter: Closing the guantanamo bay prison. I will not relent in my determination to shut it down. It is not who we are. Reporter: Republicans didn't applaud much at all and the president said nothing to acknowledge the republicans had just won a big victory in the midterm elections. But the entire chamber did cheer guests in the first lady's box. Especially Alan gross, released just last month after being sdwraled for more than five years by the Cuban government. It was up to Joni Ernst, the pig castrating new republican to give the response. She reminded everybody that the president's party was trounced in November and promised a big change in direction from the president's policy saying, quote, we heard the message you sent in November loud and clear. George, it was clearly a different message than the message the president heard. Yeah, sounds like a recipe for stalemate. Absolutely. Jon Karl, thanks very much.

This transcript has been automatically generated and may not be 100% accurate.

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