My foreign policy has three fundamental branches: first, confidence in our cause, a recognition that the principles America was based upon are not something we shrink from or apologize for, that we stand for those principles; the second is clarity in our purpose, which is that when we have a foreign policy objective, we describe it honestly and clearly to the American people, to Congress and to the people of the world; and number three is resolve in our might, that in those rare circumstances, those rare circumstances where we decide it's essential for us to apply military might, that we do so with overwhelming force, that we do so in the clarity of a mission, understanding the nature of the U.S. interest involved, understanding when the mission would be complete, what will be left when it is -- what will be left behind us when that mission has been -- has been terminated.

I'm outraged by the attacks on American diplomatic missions in Libya and Egypt and by the death of an American consulate worker in Benghazi. It's disgraceful that the Obama administration's first response was not to condemn attacks on our diplomatic missions, but to sympathize with those who waged the attacks.

We believe in a nation under God, a nation indivisible, a nation united, a nation with justice and liberty for all. And for that to happen, we're going to have to have a new president that will commit to getting America working again; that will commit to a strong military; that will commit to a nation under God that recognizes that we the American people were given our rights not by government, but by God himself.

I actually think it will be interesting to listen to the President tonight. What I'd like him to do is report on his promises but there are forgotten promises and forgotten people. Over the last four years, the President has said that he was going to create jobs for the American people and that hasn't happened. He said he would cut the deficit in half and that hasn't happened. He said that incomes would rise and instead incomes have gone down. And I think this is a time not for him not to start restating new promises but to report on the promises he made. I think he wants a promises reset. We want a report on the promises he made. And that means let's hear some numbers. Let's hear 16. Sixteen trillion dollars of debt. This is very different than the promise he made. Let's hear the number 47. 47 million people in this country on food stamps. When he took office, 33 million people were on food stamps. Let's understand why it was he's been unsuccessful in helping alleviate poverty in this country. Why so many people have fallen from the middle class into poverty under this president. Let's have him explain to the American people the 50% number. Why 50% of college graduates can't find work or work that is consistent with their college degree. The President needs to report tonight on his promises rather than try and reset a whole series of new promises that he also won't be able to keep.

So we started a new business called Bain Capital. The only problem was, while WE believed in ourselves, nobody else did. We were young and had never done this before and we almost didn't get off the ground. In those days, sometimes I wondered if I had made a really big mistake. I had thought about asking my church's pension fund to invest, but I didn't. I figured it was bad enough that I might lose my investors' money, but I didn't want to go to hell too. Shows what I know. Another of my partners got the Episcopal Church pension fund to invest. Today there are a lot of happy retired priests who should thank him. That business we started with 10 people has now grown into a great American success story. Some of the companies we helped start are names you know. An office supply company called Staples – where I'm pleased to see the Obama campaign has been shopping; The Sports Authority, which became a favorite of my sons. We started an early childhood learning center called Bright Horizons that First Lady Michelle Obama rightly praised. At a time when nobody thought we'd ever see a new steel mill built in America, we took a chance and built one in a corn field in Indiana. Today Steel Dynamics is one of the largest steel producers in the United States.

Now, I love being home, in this place where Ann and I were raised, where both of us were born. Ann was born in Henry Ford Hospital, I was born at Harper Hospital. No one's ever asked to see my birth certificate; they know that this is the place that we were born and raised.

My business experience confirmed my belief in empowering people. For example, at Bain Capital we bought Accuride, a company that made truck rims and wheels, because we saw untapped potential there. We instituted performance bonuses for the management team, which had a dramatic impact. The managers made the plants more productive, and the company started growing, adding 300 jobs while Bain was involved. My faith in people, not government, is at the foundation of my plan to strengthen America's middle class.

Mr. President, take your campaign of division and anger and hate back to Chicago. His campaign and his surrogates have made wild and reckless accusations that disgrace the office of the Presidency. Another outrageous charge came a few hours ago in Virginia. And the White House sinks a little bit lower. This is an election in which we should be talking about the path ahead, but you don't hear any answers coming from President Obama's re-election campaign. That's because he's intellectually exhausted, out of ideas, and out of energy. And so his campaign has resorted to diversions and distractions, to demagoguing and defaming others. This is an old game in politics; what's different this year is that the president is taking things to a new low.

Paul Ryan combines a profound sense of responsibility for what we owe the next generation with an unbounded optimism in America's future and an understanding of all the wonderful things the American people can do. Paul also combines firm principles with a practical concern for getting things done. He has never been content to simply curse the darkness; he would rather light candles. And throughout his legislative career he's shown the ability to work with members of both parties to find common ground on some of the hardest issues confronting the American people.

You Olympians, however, know you didn't get here solely on your own power. For most of you, loving parents, sisters or brothers, encouraged your hopes, coaches guided, communities built venues in order to organize competitions. All Olympians stand on the shoulders of those who lifted them.

The idea to say that Steve Jobs didn't build Apple, that Henry Ford didn't build Ford Motor, that Papa John didn't build Papa John Pizza, that Ray Kroc didn't build McDonald's, that Bill Gates didn't build Microsoft, you go on the list, that Joe and his colleagues didn't build this enterprise, to say something like that is not just foolishness, it is insulting to every entrepreneur, every innovator in America and it's wrong.

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Well I'm not sure which ones you're talking about, but I can tell you the people who have looked at the charges that the Obama campaign comes out with, which is that somehow we outsourced jobs, they've said that those were false and misleading. That the ads are inaccurate. Some have given it multiple Pinocchios. The president keeps on trying to divert any attention he can from his failure to turn around the American economy, and that's what this campaign's about. But the president keeps on trying to find something about Bain which is simply not true. And I left Bain in February of 1999. People can point out how - I was in Salt Lake City for three straight years. I don't recall even coming back once to go to a Bain or management meeting. We were, I was out there running the Olympics and it was a full time job, I can tell you that.

[Obama] wants another stimulus, he wants to hire more government workers. He says we need more fireman, more policeman, more teachers. Did he not get the message of Wisconsin? The American people did. It's time for us to cut back on government and help the American people.