Barack Obama actually said...

"We have let our grades slip, our schools crumble, our teacher quality fall short, and other nations outpace us."

"This effort is vital not only for protecting U.S. investors in global markets, but for protecting our financial sector from the consequences of a global regulatory race to the bottom."

"We need to regulate institutions for what they do, not what they are."

"I want to highlight the President's funding request for some of our critical modes."