Never in modern history has an administration squandered American power so recklessly. Never has strategy been so replaced by ideology. Never has extremism so crowded out common sense and fundamental American values. Never has short-term partisan politics so depleted the strength of America’s bipartisan foreign policy.

George Bush, with John McCain at his side, promised to spread freedom but delivered the wrong war in the wrong place at the wrong time. They misread the threat and misled the country. Instead of freedom, it’s Hamas, Hezbollah, the Taliban and dictators everywhere that are on the march. North Korea has more bombs, and Iran is defiantly chasing one.

Our mission is to restore America’s influence and position in the world. We must use all the weapons in our arsenal, above all, our values. President Obama and Vice President Biden will shut down Guantanamo, respect the Constitution, and make clear once and for all, the United States of America does not torture, not now, not ever.

We must listen and lead by example because even a nation as powerful as the United States needs some friends in this world. We need a leader who understands all our security challenges, not just bombs and guns, but global warming, global terror and global AIDS. And Barack Obama understands there is no way for America to be secure until we create clean energy here at home, not with a little more oil in five, 10 or 20 years, but with an energy revolution starting right now. [my emphasis]

In Barack Obama, our troops will have a commander-in-chief who has the judgment to use them wisely, sending them into harm’s way as a last resort, not a first resort; who listens to intelligence, doesn’t exaggerate it; who will bring our troops home from Iraq responsibly, not keep them there indefinitely; who knows that torture is not only morally repugnant, it’s militarily ineffective. It doesn’t work. It puts our troops at risk. It endangers our national security.

In Barack Obama, our military families will have a leader who will ease their burdens, ensure predictable deployments, offer more support to spouses back home and ensure military paychecks keep pace with the private sector. Our veterans will have a president who finally makes veterans’ benefits and health a priority, caring for their body, mind and spirit. [my emphasis]

John McCain is my friend. We’ve known each other for three decades. We’ve traveled the world together. It’s a friendship that goes beyond politics. And the personal courage and heroism John demonstrated still amaze me.

But I profoundly disagree with the direction that John wants to take the country. For example, John thinks that during the Bush years “we’ve made great progress economically.” I think it’s been abysmal.

And in the Senate, John sided with President Bush 95 percent of the time. Give me a break. When John McCain proposes $200 billion in new tax breaks for corporate America, $1 billion alone for just eight of the largest companies, but no relief for 100 million American families, that’s not change; that’s more of the same.

Even today, as oil companies post the biggest profits in history—a half trillion dollars in the last five years—he wants to give them another $4 billion in tax breaks. But he voted time and again against incentives for renewable energy: solar, wind, biofuels. That’s not change; that’s more of the same.

Millions of jobs have left our shores, yet John continues to support tax breaks for corporations that send them there. That’s not change; that’s more of the same.

He voted 19 times against raising the minimum wage. For people who are struggling just to get to the next day, that’s not change; that’s more of the same.

And when he says he will continue to spend $10 billion a month in Iraq when Iraq is sitting on a surplus of nearly $80 billion, that’s not change; that’s more of the same.

The choice in this election is clear. These times require more than a good soldier; they require a wise leader, a leader who can deliver change—the change everybody knows we need. [my emphasis]

As we gather here tonight, our country is less secure and more isolated than at any time in recent history. The Bush-McCain foreign policy has dug us into a very deep hole with very few friends to help us climb out. For the last seven years, this administration has failed to face the biggest forces shaping this century: the emergence of Russia, China and India as great powers; the spread of lethal weapons; the shortage of secure supplies of energy, food and water; the challenge of climate change; and the resurgence of fundamentalism in Afghanistan and Pakistan, the real central front against terrorism.

In recent days, we’ve once again seen the consequences of this neglect with Russia’s challenge to the free and democratic country of Georgia. Barack Obama and I will end this neglect. We will hold Russia accountable for its actions, and we’ll help the people of Georgia rebuild.

I’ve been on the ground in Georgia, Iraq, Pakistan and Afghanistan, and I can tell you in no uncertain terms: this Administration’s policy has been an abject failure. America cannot afford four more years of this.

Now, despite being complicit in this catastrophic foreign policy, John McCain says Barack Obama isn’t ready to protect our national security. Now, let me ask you: whose judgment should we trust? Should we trust John McCain’s judgment when he said only three years ago, “Afghanistan—we don’t read about it anymore because it’s succeeded”? Or should we trust Barack Obama, who more than a year ago called for sending two additional combat brigades to Afghanistan?

The fact is, al-Qaida and the Taliban—the people who actually attacked us on 9/11—have regrouped in those mountains between Afghanistan and Pakistan and are plotting new attacks. And the Chairman of the Joint Chiefs of Staff echoed Barack’s call for more troops.

John McCain was wrong. Barack Obama was right. [my emphasis]