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Excerpts from President Obama's Acceptance Speech

9/7/2012, 9:32 a.m.

"After a decade of decline, this country created over half a million manufacturing jobs in the last two and a half years. And now you have a choice: we can give more tax breaks to corporations that ship jobs overseas, or we can start rewarding companies that open new plants and train new workers and create new jobs here, in the United States of America. We can help big factories and small businesses double their exports, and if we choose this path, we can create a million new manufacturing jobs in the next four years. You can make that happen. You can choose that future.

"Now you have a choice-- between a strategy that reverses this progress, or one that builds on it. We've opened millions of new acres for oil and gas exploration in the last three years, and we'll open more. But unlike my opponent, I will not let oil companies write this country's energy plan, or endanger our coastlines, or collect another $4 billion in corporate welfare from our taxpayers.

"We're offering a better path-- a future where we keep investing in wind and solar and clean coal; where farmers and scientists harness new biofuels to power our cars and trucks; where construction workers build homes and factories that waste less energy; where we develop a hundred year supply of natural gas that's right beneath our feet. If you choose this path, we can cut our oil imports in half by 2020 and support more than 600,000 new jobs in natural gas alone.

"You can choose a future where more Americans have the chance to gain the skills they need to compete, no matter how old they are or how much money they have. Education was the gateway to opportunity for me. It was the gateway for Michelle. And now more than ever, it is the gateway to a middle-class life.

"For the first time in a generation, nearly every state has answered our call to raise their standards for teaching and learning. Some of the worst schools in the country have made real gains in math and reading. Millions of students are paying less for college today because we finally took on a system that wasted billions of taxpayer dollars on banks and lenders.

"In a world of new threats and new challenges, you can choose leadership that has been tested and proven. Four years ago, I promised to end the war in Iraq. We did. I promised to refocus on the terrorists who actually attacked us on 9/11. We have. We've blunted the Taliban's momentum in Afghanistan, and in 2014, our longest war will be over. A new tower rises above the New York skyline, al-Qaida is on the path to defeat, and Osama bin Laden is dead.

"Tonight, we pay tribute to the Americans who still serve in harm's way. We are forever in debt to a generation whose sacrifice has made this country safer and more respected. We will never forget you. And so long as I'm commander in chief, we will sustain the strongest military the world has ever known. When you take off the uniform, we will serve you as well as you've served us-- because no one who fights for this country should have to fight for a job, or a roof over their head, or the care that they need when they come home.

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