Barack Obama: “The U.S. consumer needs to repair its balance sheet; we need to find other sources of dynamism, other sources of growth…”

Now the ball’s in your court, Iowa.

They're meant to remind us of who we can be, to remind us of what's possible, so we can forge ahead.

And there’s no reason to suggest that we can’t get through this one either.

We’ve now fought a war, spent billions and billions of dollars, you know, put enormous strain on our military. A lot of people have died. And it feels like we’re back where we were before we started the war, except maybe a little bit worse…