This ceremony is held in the depth of winter. But, by the words we speak and the faces we show the world, we force the spring. A spring reborn in the world's oldest democracy, that brings forth the vision and courage to reinvent America.
When our founders boldly declared America's independence to the world and our purposes to the Almighty, they knew that America, to endure, would have to change.
Not change for change's sake, but change to preserve American's ideals—life, liberty, the pursuit of happiness. Though we march to the music of our time, our mission is timeless. Each generation of Americans must define what it means to be an American.
On behalf of our nation, I salute my predecessor, President Bush, for his half-century of service to America.
And I thank the millions of men and women whose steadfastness and sacrifice triumphed over depression, fascism and communism.
Today, a generation raised in the shadows of the Cold War assumes new responsibilities in a world warmed by the sunshine of freedom but threatened by still ancient hatreds and new plagues.
Raised in unrivaled prosperity, we inherit an economy that is still the world's strongest, but is weakened by business failures, stagnant wages, increasing inequality, and deep divisions.
When George Washington first took the oath I have just sworn to uphold, news traveled slowly. Now, the sights and sounds of this ceremony are broadcast instantaneously to billions around the world.
Communications and commerce are global; technology is almost magical; and ambition for a better life is almost universal. We earn our livelihood in peaceful competition with people all across the Earth.
Profound and powerful forces are shaking and remaking our world, and the urgent question of our time is whether we can make change our friend and not our enemy.
This new world has enriched the lives of millions of Americans who are able to compete