I have the utmost confidence that if these outstanding public servants standing beside me are working in concert, if we all do our jobs, if we once again guide the market's invisible hands with a higher principle, our markets will recover.

I think this was a mistake. I think I screwed up. And I take responsibility for it.

Now is the time to act boldly and wisely.

When I was first discovering music, just like Michelle, it was Stevie's albums that I found, and his songs became the sound track of my youth. And through them I found peace and inspiration, especially in difficult times.

Last night, I outlined my vision for our common future, one in which we accept the responsibility to act boldly and wisely to confront the extraordinary challenges of our times, put people back to work doing the work America needs done…

I want to pass a budget next year that ensures that each dollar we spend reflects only our most important national priorities.

I've asked my economic team to develop recommendations for regulatory reform and then to collaborate with these members of Congress and others from both sides of the aisle.

The impact of this recession is real, and it is everywhere. But while our economy may be weakened and our confidence shaken, though we are living through difficult and uncertain times, tonight I want every American to know this. We will…

Indeed, this could be called the American tradition; artists demonstrating the courage and talent to find new harmonies in the rich and dissonant sounds of the American experience.

I have the utmost confident that if these outstanding public servants standing beside me are working in concert, if we all do our jobs, if we once again guide the markets' invisible hand with a higher principle, our markets will recover…

I think this was a mistake. I think it screwed up. And, you know, I take responsibility for it.