This may sound a little West Texan to you, but I like it. When I'm talking about.. when I'm talking about myself, and when he's talking about myself, all of us are talking about me.

We are gathered in the cause of liberty; this is a unique moment. The great democracies face new and serious threats – yet seem to be losing confidence in their own calling and competence. Economic, political and national security challenges proliferate, and they are made worse by the tendency to turn inward. The health of the democratic spirit itself is at issue. And the renewal of that spirit is the urgent task at hand.

The way out of this recession, the way to create jobs, is to grow the economy by encouraging investment in factories and equipment, and by speeding up tax relief so people have more money to spend. For the sake of American workers, let's pass a stimulus package.

Five days from now, the world will witness the vitality of American democracy. In a tradition dating back to our founding, the presidency will pass to a successor chosen by you, the American people. Standing on the steps of the Capitol will be a man whose story reflects the enduring promise of our land. This is a moment of hope and pride for our whole nation. And I join all Americans in offering best wishes to President-elect Obama, his wife Michelle, and their two beautiful girls.

These are the elements of the plan I am proposing. Real reform starts by giving schools and school districts more authority and flexibility. We cannot expect schools to change unless they have the freedom to change. My plan respects the principle of local control. It does not try to run the schools from a central office in Washington. I view principals, teachers and parents as allies in reform. They are ready to raise the standards, ready to take responsibility and answer for results. Those results must be measured by testing every child every year, in tests developed and administered by states and local districts, not the federal government. Without yearly testing, we do not know who is falling behind and who needs our help. Without yearly testing, too often we don't find failure until it is too late. Testing allows us to help children early, before frustration turns into apathy. We need to aim high, but we also need to be realistic. Many schools, particularly those in poor neighborhoods, will need help to meet high standards. And they will have it, including a new $5 billion initiative over five years for reading instruction. The goal is to improve our public schools. We want them to succeed, and when they're willing to change, we'll give them the tools to do so.