"Every new college graduate thought they'd have a good job by now, a place of their own, and that they could start paying back some of their loans and build for the future.
"This is when our nation was supposed to start paying down the national debt and rolling back those massive deficits.
"This was the hope and change America voted for.
"It's not just what we wanted. It's not just what we expected.
"It's what Americans deserved.
"You deserved it because during these years, you worked harder than ever before. You deserved it because when it cost more to fill up your car, you cut out movie nights and put in longer hours. Or when you lost that job that paid $22.50 an hour with benefits, you took two jobs at 9 bucks an hour and fewer benefits. You did it because your family depended on you. You did it because you're an American and you don't quit. You did it because it was what you had to do.
"But driving home late from that second job, or standing there watching the gas pump hit 50 dollars and still going, when the realtor told you that to sell your house you'd have to take a big loss, in those moments you knew that this just wasn't right.
"But what could you do? Except work harder, do with less, try to stay optimistic. Hug your kids a little longer; maybe spend a little more time praying that tomorrow would be a better day.
"I wish President Obama had succeeded because I want America to succeed. But his promises gave way to disappointment and division. This isn't something we have to accept. Now is the moment when we CAN do something. With your help we will do something.
"Now is the moment when we can stand up and say, 'I'm an American. I make my destiny. And we deserve better! My children deserve better! My family deserves better. My country deserves better!'
"So here we stand. Americans have a choice. A decision.
"To make that choice, you need to know more about me and about where I will lead our country.
"I was born in the middle of the century in the middle of the country, a classic baby boomer. It was a time when Americans were returning from war and eager to work. To be an American was to assume that all things were possible. When President Kennedy challenged Americans to go to the moon, the question wasn't whether we'd get there, it was only when we'd get there.
"The soles of Neil Armstrong's boots on the moon made permanent impressions on OUR souls and in our national psyche. Ann and I watched those steps together on her parent's sofa. Like all Americans we went to bed that night knowing we lived in the greatest country in the history of the world.
"God bless Neil Armstrong.
"Tonight that American flag is still there on the moon. And I don't doubt for a second that Neil Armstrong's spirit is still with us: that unique blend of optimism, humility and the utter confidence that when the world needs someone to do the really big stuff, you need an American.
"That's how I was brought up.
"My dad had been born in Mexico and his family had to leave during the Mexican revolution. I grew up with stories of his family being fed by the US Government as war refugees. My dad never made it through college and apprenticed as a lath and plaster carpenter. And he had big dreams. He convinced my mom, a beautiful young actress, to give up Hollywood to marry him. He moved to Detroit, led a great automobile company and became Governor of the Great State of Michigan.
"We were Mormons and growing up in Michigan; that might have seemed unusual or out of place but I really don't remember it that way. My friends cared more about what sports teams we followed than what church we went to.
"My mom and dad gave their kids the greatest gift of all — the gift of unconditional love. They cared deeply about who we would BE, and much less about what we would DO.
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