Peoples lives better, her believe that the same opportunities that chelsea has had should be extended to every child. That comes through an everything that she does. She could have joined a big law form law firm. Instead, she chose the childrens defense fund. Door, gathering stories to help children with disabilities who were denied schooling. Undercover as a housewife, to prove that alabama was breaking the laws to keep it schools all white. She was successful at all three. I remember watching her in class, and i just thought she was fascinating. I followed her out of the class, and i got as close as i am to you, and i lost my guts and did not speak to her. Hillary clinton i asked who is that . Is billsaid that clinton from arkansas, that is all he ever talks about. Heard and not i only that, we grow the biggest watermelons in the world. Here is a woman entering light life as a politician. An undetectable first lady. She boldly reforms the state educational system. In the white house, she eagerly takes on national healthcare. Health care reform is not welcome. Hillary clinton my mother wanted me to be resilient, and she wanted me to be brave. In theere a lot of kids neighborhood. I would come out, and i would have a bow in my hair. The kids would all pick on me. It was my First Experience of being bullied, and i was terrified. And one day, i was running into the house, and my mother said there is no room for cowards in this house. It you go back outside and figure out how youre going to deal with what these kids are doing. Bothllary worked with democrats and republicans, and together they worked up a plan that provides medical insurance to more than 8 million american children. Is ary clinton it violation of human rights win babies are denied food or or theirr suffocated, spines broken, simply because they are born girls. There, buti were not it has been said that the conference in beijing was where Hillary Clinton woke up the world. Human rightson are womens rights, and womens rights are human rights, once and for all. She said womens rights are human rights and human rights are women rights in 1995, that was a radical thing. Had never Held Public Office before. She had been a senator for just nine short months. And then, our nation bowed its head. It appeared as though a dark package gray curtain had dropped gray curtain had dropped between Lower Manhattan and the rest of the city. Both of my legs were shattered. They believed the landing gear of the second plane hit me, because it was so hot that it closed my wounds. Around 9 00 at night, one of my staff people and one of chucks staff people came in and whispered to both of us that the white house had just sent up its , and request for funding there was not a penny in it for new york. New york needed a champion. Hillary and truck tireless tirelessly worked their way around washington, not stopping until they made their way to the oval office. President bush looked at me and said what do you mean . And i said we need 20 billion. He said youve got it. A much bigger issue than replacing these buildings. This is replacing the american spirit. Ira never taking a few pictures. When i got a developed, they flash from the camera against the dark sky reveals all the particles that are in the air. It looked like snow. When First Responders started to become sick and question the respect questioned the quality of air at ground zero, hillary took on the epa. Not only did she say she was going to fight for us, it was not idle chatter. Time, she helped survivors rebuild their lives very quietly. Never talking to hillary and saying i cant have this wedding. I need to be able to dance at my wedding for that to happen. And she said youre going to do it, i know you are. Hearing her say that helped me believe it. The bin laden situation is the example of how hillarys judgment and strength was to me in every decision i made. Have seen the photograph. So have you. We will never quite know what it felt like to be in that room. Look at her. Look at that face. She is covering the hope and rage of an entire nation. Hillary clinton when i could be in the small Group Advising the president if the intelligence we had was Strong Enough for him to act, i took that responsibility personally on behalf of thousand people who were murdered, the tens of thousands of loved ones who were left that washe horror inflicted upon our country. Her talkistening to about what that meant, i think we both felt the extraordinary responsibilities and the extraordinary privilege to serve the American People. I was sitting in a bathroom by myself with my feet up and my sneakers were sticking out of my dress. Someone came behind me and hugged me. I had no idea who it was. It was hillary. Without press, without fanfare, there are only family photos. Hillary quietly attended debbies wedding. And debbie danced. There is more than enough of the American Dream to go around if we are committed to growing it, nurturing it, passing it on to our children and grandchildren. I cannot think of anything more thrilling than being a part of that. We all hope for a better tomorrow. Any parent knows your every dream for the future lives in the heart of your child. Heart the to dorothys. That is how we are made. Passed onan dream is from generation to generation to generation. There are lots of other ways we could spend these golden years of my life. She wants to do this because she believes she can make a difference, and i do too. Hillary clinton im going to stand up and fight for every american, because i believe if you are the president , that is exactly what you should do every day. There are show horses, and there are workhorses that you count on to deliver. She is a workhorse. Hillary clinton you have to love this country, believe this country, lift up the people in this country. Decade after decade of being in the front lines of trying to bring about change. Hillary clinton and do everything you can to make sure they believe youre getting up every morning in that big old white house, thinking about them, understanding what they are up against, and working to make it better. She does that because she feels deep in our hearts that here in the greatest country on earth, everybody deserves a shot. Hillary clinton i hope to unify our country. I hope to bring people together. I hope to break down every barrier and prevent americans that every barrier prevent americans from joining hands and making our country everything that it should be. That is what i hope my grandchildren, and what my mother would hope were me. How many ways will she light up the world . This is the woman. [applause] Chelsea Clinton ladies and hero,men, my mother, my and our next president , Hillary Clinton. [applause] Hillary Clinton thank you. Thank you so much. Thank you. Thank you all so much. [applause] Hillary Clinton thank you all very, very much. Thank you for that amazing welcome. All for the Great Convention that we have had. At chelsea, thank you. Chelsea, thank you. Mother,proud to be your and so proud of the woman you have become. Thank you for bringing mark into our family, and charlotte and aidannto the world into the world. Bill, that conversation we started in the law library 45 , it is still going strong. Hillary. Hillary. You know, that conversation has lasted through good times thats filled us with joy, and hard times thats tested us, andat i have even gotten a few words in along the way. Night, i was so happy to see that my explainer in chief is still on the job. I am also grateful to the rest of my family, and to the friends of a lifetime. For all of you whose hard work brought us here tonight, and for those of you who joined this campaign this week, thank you. What a remarkable week it has been. [applause] we heard theon man from hope, bill clinton, and the man of hope, barack obama. America is stronger because of president obamas leadership, and i am better because of his friendship. We heard from our terrific Vice President , the one and only joe biden. He spoke from his big heart about our partys commitment to working people, as only he can do. And First Lady Michelle Obama that our children , and the president we elect is going to be their president , too. There whoof you out are just getting to know tim you will soon understand why the people of virginia keep promoting him from city council and mayor to governor, and now senator. He will make our whole country proud as our Vice President. [applause] and i want ton thank Bernie Sanders. [applause] Hillary Clinton bernie, your campaign inspired millions of americans, particularly the young people, who through their hearts and souls into our threw theirho hearts and souls into our primary. You put economic and social justice issues front and center, where they belong. Add to all of your supporters here and around the country, i want you to know, i have heard you. Your cause is our cause. [applause] Hillary Clinton our country needs your ideas, energy, and passion. We can turnonly way our progressive platform into real change for america. We wrote it together, now lets go out and make it happen together. My friends, we have come to philadelphia, the birthplace of our nation, because what happened in the city 240 years ago still has something to teach us today. Story, but wee usually focus on how it turned out. Not enough on how close that story came to never being written at all. When representatives from third 13m unruly colin from unruly colonies just down the road from here, some just wanted to stick it to the king. The revolution hung in the balance. Somehow, they began listening to each other, compromising, finding common purpose, and by the time they left philadelphia, they had begun to see themselves as one nation. That is what made it possible to stand up to a king. Thats took courage. They had courage that took courage. They had courage. Our founders embraced the enduring truth that we are stronger together. Now, america is once again at a moment of reckoning. Powerful forces are threatening to pull us apart. Bonds of trust and respect are fraying. Founders, there are no guarantees. Up to us. S we have to decide whether we will all Work Together so we can rise together. Motto is e plur ibus unum. Out of many, we are one. Will we stay true to our motto . Well, we heard Donald Trumps answer lance week last week at his convention. He wants to divide us from the rest of the world and from each other. He is letting that the perils of todays world will blind us to its unlimited promise. He has taken the Republican Party a long way from morning in america to midnight in america. He wants us to fear the future and fear each other. Know, a great democratic president , Franklin Delano roosevelt, came up with the perfect rebuke to trump more than 80 years ago during a much more perilous time. The only thing we have to fear is fear itself. [applause] Hillary Clinton we are clear eyed about what our country is up against. We are not afraid. Challenge,e to the just as we always have. We will not build a wall. Instead, we will build an economy where everyone who wants a good job can get one. And we will build a path to citizenship for millions of immigrants who are already contributing to our economy. We will not been a religion ban a religion. We will work with all americans and our allies to fight and defeat terrorism. Yet we know there is a lot to do. Too many people have not had a pay raise since the crash. There is too much inequality, too little social mobility, too much paralysis in washington. Too many threats at home and abroad. But just look for a minute at the strengths we bring as americans to meet these challenges. We have the most dynamic and Diverse People in the world. Have the best young people we have ever had. We have the most powerful military, the most innovative entrepreneurs, the most and during values. Freedom and equality, justice and opportunity. We should be so proud that those words are associated with us here with us. Hillary. Hillary. Hillary clinton i have to tell , as your secretary of state, i went to 112 countries. When people hear those words, they hear america. So, dont let anyone tell you that our country is weak. We are not. Dont let anyone we dont have what it takes. We do. Believeall, dont anyone who says i alone can fix it. Those were actually Donald Trumps words in cleveland. They should set off alarm bells for all of us. Really . I alone can fix it . Forgetting troops on the front line, Police Officers and firefighters who run towards danger, doctors and nurses who care for us, teachers who change lives, entrepreneurs who see possibilities and every problem in every problem, mothers who lost children to violence and are building a movement to keep other kid safe . He is forgetting every last one of us. I alones dont say fix it. Alone can together. Can fix it remember, our founders fought a revolution and wrote a constitution so america would never be a nation where one person had all the power. 240 years later, we still put our faith in each other. Look at what happened in dallas. After the assassination of five great Police Officers, police chief david brown asked to the community to support his force, maybe even joined them. Do you know how the Community Responded . Nearly 500 people applied in just 12 days. [applause] that is howton americans answer when the call for help goes out. 20 years ago, i wrote a book called it takes a village. Looked at thee title and asked what the heck do you mean by that . This is what i mean none of us can raise a family, build a business, or lift a country totally alone. Needs everyone of us to lend our energy, our talents, our ambitions, to making our nation better and stronger. I believe that with all my heart. That is why stronger together is not just a lesson from our history, it is not just a slogan for our campaign, it is a guiding principle for the country we have always been, and the future we are going to build. A country where the economy works for everyone, not just those at the top. Where you can get a good job and send your kids to a good school, no matter what zip code you live in. Our childrenre all can dream, and those dreams are within reach. Families are strong, communities are safe, and yes, where love trumps hate. [applause] Hillary Clinton that is the country we are fighting for, that is the future we are working toward. So my friends, it is with humility, determination, and boundless confidence in americas promise that i accept your nomination for president of the United States. [applause] now, sometimesinton now, the people at this podium are new to the national stage. Know, i am not one of those people. Lady, been your first served eight years as a senator from the great state of new york , then i represented all of you as secretary of state. But my job titles only tell you what i have done. They do not tell you why. The truth is, through all these years of Public Service, the service part has always come easier to me than the public part. I get it that some people just dont know what to make of me. You, the family that i am from, nobody had their name on buildings. My family were builders of a different kind. Builders in the way that most American Families are. They used whatever tools they them,hat ever god gave and whatever life in america provided them, and build better lives and futures for their kids. My grandfather worked in the for 50 years. Mill because he believed that if he gave everything he had, his children would have a better life than he did. He was right. College, heit to played football at penn state, and it listed in the navy after pearl harbor. And listed in the navy after pearl harbor. Enlisted in the navy after pearl harbor. I remember watching him stand for hours over silk screens. He wanted to give my brothers and me opportunities he never had, and he did. My mother dorothy was abandoned by her parents as a young girl. Ended up on her own at 14 years old, working as a house made. She was saved by the kindness of others. Saw shet grade teacher had nothing to eat at lunch, and brought extra food to share the entire year. Me lessons she passed on to years later stuck with me. No one gets through life alone. We have to look out for each other, and lift each other up. I learned the words from our methodist faith. Do all the good you can, for all the people you can, in all the ways you can, as long as ever you can. [applause] so i went toon work for the childrens defense fund, going door to door in new , onord, massachusetts behalf of children with disabilities who were denied the chance to go to school. I remember meeting a young girl in a wheelchair on a small back porch of her house. She told me how badly she wanted to go to school. It just didnt seem possible in those days. I could not stop thinking of my mother, and what she had gone through as a child. Thatcame clear to me simply caring is not enough. To drive real progress, you have to change both parts and laws both hearst ts and laws. You need both understanding and action. We built a coalition, and our work helped congress ensure access to education with all children with disabilities. Every kid with a disability has the right to go to school. [applause] but how . Linton how do you make an idea like that real . You do it step by step, year by year, sometimes even door by door. Swelled just swells when i saw Anastasia Somoza representing millions of people on this stage millions of young people on the stage. We changed our law to make sure she got an education. So it is true, i sweat the details of policy, whether we are talking about the exact level of lead in the Drinking Water water in flint, michigan, the number of Mental Health facilities in iowa, or the cost of your prescription drugs. Because it is not just the detail if it is your kid, if it is your family. It is a big deal. And it should be a big deal to be our president , to. A big deal to your president , too. After the four days of this convention, you have seen some of the people who have inspired me into their let lives and became a part of mine. People like ryan moore and lauren manning. They told their stories tuesday night. I first met ryan as a sevenyearold. He was wearing a full embrace that must have war must have weighed 40 pounds, because i leaned over to lift him up. Children like ryan kept me going when our plan for universal health care failed, and kept me working with leaders of both parties to help create the Childrens HealthInsurance Program that covers 8 million kids in our country. [applause] manning,linton lauren who stood here with such grace and power, was gravely injured on 9 11. Andas the thought of her debbie st. John, who you saw the movie, and john dolan, and joe sweeney, and all the victims and survivors, that kept me working as hard as i could in the senate on behalf of 9 11 families and our First Responders who got sick from their time at ground zero. I was thinking of lauren, debbie, and all the others 10 years later, in the white house situation room, when president obama made the courageous decision that finally brought Osama Bin Laden to justice. [applause] in thisclinton campaign, i have met many more people who motivate me to keep fighting for change, and with your help, i will carry all of your voices and stories with me to the white house. [applause] you heard from republicans and independents who are supporting our campaign. Will be a president for democrats, republicans, independents, for the struggling, the striving, the successful, for all those who vote for me, and for those who dont. For all americans, together. [applause] Hillary Clinton tonight, we have reached a milestone and our nations march towards a more Perfect Union the first time that a major party has nominated a woman for president. [applause] Hillary Clinton standing here as my mothers daughter, and my daughters mother, i am so happy this day has come. I am happy for grandmothers and little girls, and everyone in between. Men,happy for toys and because when any barrier falls in america i am happy for , becauseoys and men when any barrier falls in america, it falls for everyone. All, when there are no ceilings, the skys the limit. Going until every one of the 161 million women and girls across america has the opportunity she deserves to have. But, even more important than the history we made tonight, is the history we will write together in the years ahead. Lets begin with what we are going to do to help working people in our country get ahead and stay ahead. I dont think president obama and Vice President biden gets the credit they deserve for saving us from the worst economic crisis of our lifetimes. Our economy is so much stronger ,han when they took Office Nearly 50 million new private sector jobs, 20 million more americans with health insurance, and an Auto Industry that just had its best year ever. That is real progress, but none of us can be satisfied with the status quo, not by a long shot. We are still facing deepseated problems that developed long before the recession, and stayed with us through the recovery. I have gone around the country talking to working families, and i have heard from many who feel like the economy sure isnt working for them. Some of you are frustrated, even furious. You know what . You are right. It is not yet working the way it should. Americans are willing to work, and work hard. Right now, an awful lot of people feel like there is less and less respect for the work they do. Less respect for them, period. Democrats are the party of working people. [applause] Hillary Clinton but we have not done a good enough job show that we get what you are going through, and we are going to do something to help. Tell you hownt to we will and power americans to live better lives. My primary mission as president will be to create more opportunity and more good jobs with rising wages, right here in the United States. From my first day in office until my last, especially in places that for too long have been left out and left behind, from our inner cities to our small towns, from Indian Country to cold country coal country. From communities ravaged by addiction to regions hollowed out by plant closures. Here is what i believe. I believe of thrives when the middle class thrives. I believe our economy is not working the way it should because our democracy is not working the way it should. That is why we need to appoint Supreme Court justices who will get money out of politics, add expand voting rights, not restrict them. And expand voting rights, not restrict them. Necessary, weif will pass a constitutional amendment to overturn citizens united. [applause] i believeinton american corporations that have gotten so much from our country should be just as patriotic in return. Many of them are, but too many are not. It is wrong to take tax bites with one hand and give out pink slips with the other. Breaks with one hand, and give out pink slips with the other. I believe wall street should never be allowed to rack main street again wreck main street again. And i believe in science. [applause] Hillary Clinton i believe Climate Change is real, and that we can save our planets while creating millions of good paying, Clean Energy Jobs while tradingt millions of good paying, Clean Energy Jobs. Iieve having billions believe it would be inhumane to have pick millions of immigrants out. Comprehensive Immigration Reform will grow our economy, and keep families together. It is the right thing to do. So, whatever party you belong to, or if you belong to no party at all, if you share these beliefs, this is your campaign. [applause] Hillary Clinton if you believe that companies should share profits, not pad executive bonuses, join us. Believe the minimum wage should be a living wage, and no one working fulltime should have to raise their children in poverty, join us. If you believe that every man, woman, and child in america has the right to Affordable Health care, join us. If you believe that we can say no to unfair trade deals, that we should stand up to china, that we should support our steelworkers and autoworkers and homegrown manufacturers, then join us. If you believe we should expand acial security and protect womans right to make her own health care decisions, then join us. Thates, if you believe youre working mother, wife, sister, or daughter deserves equal pay, join us. Working mother, wife, sister, or daughter deserves equal pay, join us. How we willhat is ensure that the economy works for all of us, not just those at the top. Now, you did not hear any of this from donald trump. He spoke for 70 odd minutes, and i do mean odd. He offered zero solutions. But we already know he doesnt believe these things. No wonder he doesnt like talking about his plans. You might have noticed, i love talking about mine. In my first 100 days, we will work with both parties to pass the biggest investment in new, good paying jobs since world war ii. Jobs in manufacturing, clean energy, technology, and innovation, Small Business and infrastructure. If we invest in infrastructure only create not jobs today, but lay the foundation for the jobs of the future, as we will also transform the way we prepare our young people for those jobs. Bernie sanders and i will Work Together to make College Tuition free for the middle class, and debtfree for all. [applause] Hillary Clinton we will also liberate millions of people who already have student debt. It is just not right that donald trump can ignore his debts and andent his debts, students and families cannot refinance their debts. Something we do not say often sure, college is crucial, but a fouryear degree should not be the only path to a good job. We will help more people learn a or practice a trade, and make a good living doing it. We will give Small Businesses like my dads a boost, make it easier to get credit. Way too many dreams die in the parkings of tanks lots of banks. Dream it, if you can you should be able to build it. We will help you allens family and work. You know what help you balance family and work. And you know what . If fighting for paid family leave is playing the woman card, then deal me in. [applause] Hillary Clinton here is the other thing. Hillary. Hillary. Hillary clinton we are not only going to make all of these investments, we are going to pay for every single one of them. Street,how wall corporations, and the superrich are going to start paying their fair share of taxes. This is not because we resent 90 ess, but when more than of the games have gone to the top 1 , that is where the money have gone togains the top 1 , that is where the money is, and we are going to follow the money. Andompanies take tax breaks then ship jobs overseas, we will make them pay us back, and we will put that money back where it belongs creating jobs here at home. That some of you are hatting at home thinking t all sounds pretty good, but how are you going to get it done . How do you going to break through the gridlock in washington . Look at my record. I worked across the aisle to pass laws and treaties, and to launch new programs that helped millions of peoples. If you give me the chance, that is exactly what i will do as president. But then i also imagine people trump is ag but businessman. He must know something about the economy. Lets take a closer look, shall we . In atlantic city, 60 miles from here, you will find contractors and Small Businesses who lost everything because donald trump refused to pay his bill. Now remember what the president said last night dont boo, vote. But think of this people who did the work and needed the money, not because he couldnt pay them, but because he wouldnt pay them, he just stiffed them. And you know that sales pitch he is making to be present . Put your faith in him and you will win big . That is the same pit shes made to all of those businesses. Then trump walked away and left working People Holding the bag. Talks a big game about putting americans first. What part of outputting America First leads him to make ties in china, not colorado, trump suit in mexico, not michigan. Trump furniture in turkey, not ohio. Trump picture frames and india, not wisconsin. Donald trump says he wants to make America Great again. Well he could start by actually making things in america again. [applause] Hillary Clinton the choice we face in this election is just as stark when it comes to our national security. Hillary. Hillary. Anyone reading the news can see the threats and turbulence we face from baghdad to cabo to nice and paris and brussels, from San Bernardino to orlando. We are dealing with determined enemies that must be defeated. It is no wonder that people are anxious and looking for reassurance, looking for steady leadership, wanting a leader who understands we are stronger when we work with our allies around the world and care for our veterans here at home. Keeping our nation safe and honoring the people who do that work will be my highest priority. I am proud that we put a lid on Irans Nuclear program without firing a single shot. Now, we have to enforce its, and we must we have to enforce it, and we must keep reinforcing israels security. I am proud that we share a Global Climate agreement. Now we have to hold every country of accountable to their commitments, including ourselves. I am proud to stand by our allies in nato against any threats they face, including from russia. I have laid out my strategy for defeating isis. We will strike their sanctuaries from the air and support local forces taking them out on the ground. We will surge our intelligence so we can prevent attacks before they happen. We will disrupt their efforts online to reach and radicalize young people in our country. It will not be easy or quick, but make no mistake, we will prevail. Trump says, and this more about i know isis than the generals do. No donald, you dont. [applause] ms. Clinton he thinks that he knows more than our military because he claimed our armed forces are a disaster. Well, ive had the privilege to work closely with our troops and our veterans for many years, including as a senator on the Armed Services committee. I know how wrong he is. Our military is a national treasure. We entrust our commanderinchief to make the hardest decisions our nation faces. Decisions about war and peace. Life and death. A president should respect the men and women who risk their lives to serve our country. [applause] ms. Clinton including the sons of tim kaine and mike pence, both marines. Ask yourself does donald trump have the temperament to be commanderinchief . Donald trump cant even handle the roughandtumble of a president ial campaign. He loses his cool at the slightest provocation. When hes gotten a tough question from a reporter. When hes challenged in a debate. When he sees a protestor at a rally. Imagine him in the oval Office Facing a real crisis. A man you can bait with a tweet is not a man we can trust with nuclear weapons. [applause] ms. Clinton i cant put it any better than Jackie Kennedy did after the cuban missile crisis. She said that what worried president kennedy during that very dangerous time was that a war might be started not by big men with selfcontrol and restraint, but by little men the ones moved by fear and pride. Americas strength doesnt come from lashing out. It relies on smarts, judgment, cool resolve, and the precise and strategic application of power. Thats the kind of commander in chief i pledge to be. [applause] ms. Clinton and if were serious about keeping our country safe, we also cant afford to have a president whos in the pocket of the gun lobby. [applause] ms. Clinton im not here to repeal the second amendment. Im not here to take away your guns. I just dont want you to be shot by someone who shouldnt have a gun in the first place. [cheers and applause] ms. Clinton we should be working with responsible gun owners to pass commonsense reforms and keep guns out of the hands of criminals, terrorists and all others who would do us harm. For decades, people have said this issue was too hard to solve and the politics were too hot to touch. But i ask you how can we just stand by and do nothing . You heard, you saw family members of People Killed by gun violence. You heard, you saw family members of Police Officers killed in the line of duty because they were outgunned by criminals. I refuse to believe we cant find Common Ground here. We have to heal the divides in our country. Not just on guns, but on race, immigration, and more. [applause] ms. Clinton that starts with listening to each other. Trying, as best we can, to walk in each others shoes. So lets put ourselves in the shoes of young black and latino men and women who face the effects of systemic racism and are made to feel like their lives are disposable. [applause] lets put ourselves in the shoes of Police Officers, kissing their kids and spouses goodbye every day and heading off to do a dangerous and necessary job. We will reform our criminal Justice System from endtoend, and rebuild trust between Law Enforcement and the communities they serve. [applause] we will defend all our rights civil rights, human rights, and voting rights, womens rights and workers rights, lgbt rights and the rights of people with disabilities [applause] and we will stand up against mean and divisive rhetoric wherever it comes from. For the past year, many people made the mistake of laughing off Donald Trumps comments, excusing him as an entertainer just putting on a show. They think he couldnt possibly mean all the horrible things he says. Like when he called women pigs. Or said that an american judge couldnt be fair because of his mexican heritage. Or when he mocks and mimics a reporter with a disability. Or insults prisoners of war like john mccain, a hero and patriot who deserves our respect. At first, i admit, i couldnt believe he meant it either. It was just too hard to fathom, that someone who wants to lead our nation could say those things. Could be like that. But heres the sad truth there is no other donald trump. This is it. And in the end, it comes down to what donald trump doesnt get america is great because america is good. [applause] so enough with the bigotry and bombast. Donald trumps not offering real change. Hes offering empty promises. And what are we offering . A bold agenda to improve the lives of people across our country, to keep you safe, to get you good jobs, and to give your kids the opportunities they deserve. The choice is clear. Every generation of americans has come together to make our country freer, fairer, and stronger. None of us can do it alone. I know that at a time when so much seems to be pulling us apart it can be hard to imagine how well ever pull together again. But im here to tell you tonight progress is possible. I know because ive seen it in the lives of people across america who get knocked down and get right back up. And i know it from my own life. More than a few times, ive had to pick myself up and get back in the game. [applause] like so much else, i got this from my mother. She never let me back down from any challenge. When i tried to hide from a neighborhood bully, she literally blocked the door. Go back out there, she said. And she was right. You have to stand up to bullies. You have to keep working to make things better, even when the odds are long and the opposition is fierce. We lost my mother a few years ago. I miss her every day. And i still hear her voice urging me to keep working, keep fighting for right, no matter what. Thats what we need to do together as a nation. [applause] though we may not live to see the glory, as the song from the musical hamilton goes, let us gladly join the fight. Let our legacy be about planting seeds in a garden you never get to see. Thats why were here, not just in this hall, but on this earth. The founders showed us that. And so have many others since. They were drawn together by love of country, and the selfless passion to build Something Better for all who follow. That is the story of america. And we begin a new chapter tonight. Yes, the world is watching what we do. Yes, americas destiny is ours to choose. So lets be stronger together. [cheers and applause] looking to the future with courage and confidence. Building a better tomorrow for our beloved children and our beloved country. When we do, america will be greater than ever. Thank you, and may god bless the United States of america [cheers and applause] [captions Copyright National cable satellite corp. 2016] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] host good morning to you, say what you want to say and let the words fallout honestly i want to see you be brave say what you want to say and let the words fall out i want to see you be brave dont you know that we are stronger together stronger, yes we are so much more en we are united together hey, yeah come on, yeah united in the spirit there will be better days to come if you reach out you can feel it cause its therefore everyone dont you know that we are stronger together stronger, yes, we are so much more when we are united together one mind, one soul one heart hey, yeah yeahon, come on, yeah were united in the spirit there will be better days to come if you reach out you can feel it because it is there for everyone dont you know that we are stronger together stronger, yes, we are so much more when we are united together one mind one soul one heart whoa hey, yeah come on, yeah come on, yeah where united in the spirit there will be better days to come if you reach out you can feel it because it is there for everyone dont you know that we are stronger together stronger, yes, we are so much more when we are united together one mind one soul one heart whoa hey, yeah come on, yeah yeahon, were united in the spirit there will be better days to come if you reach out you can feel it there for everyone dont you know that we are stronger together stronger, yes, we are so much more when we are united together one mind, one soul one heart whoa hey, yeah come on, yeah come on, yeah united in the spirit there will be better days to come if you reach out you can feel it cause its there for everyone dont you know that we are stronger together stronger, yes, we are so much more when we are united together one mind, one soul one heart hey, yeah come on, yeah come on, yeah united in the spirit there will be better days to come if you reach out you can feel it because it is there for everyone dont you know that we are stronger together stronger, yes, we are so much more when we are stronger when we are united together one mind, one soul one heart hey, yeah come on, yeah yeahon, were united in the spirit there will be better days to come if you reach out you can feel it because it is there for everyone dont you know that we are stronger together stronger, yes, we are so much more when we are united together one mind, one soul one heart hey, yeah yeahon, come on, yeah did you miss any of the republican or Democratic National conventions . Now you can go back and watch every moment. Go to cspan. Org to find speeches from both conventions and watched on demand when you want. The homepage, click on the democratic or republican convention, where you eachfind videos frome day of both conventions to stop click on the speech that you want to watch and you can clip or share on social media or email. Your most copper guide for finding video of any convention moment. Cspan, created by cable, offered as a Public Service by your television provider. Showmorrow we will highlights from the Republican National convention in cleveland, which featured senator ted cruz, governor mike pence, and donald trump, among several speakers. Watch this beach is starting at 10 30 a. M. Here on cspan. Day, we willthe take you on the campaign trail with Hillary Clinton and Vice President ial running mate senator 10 gain tim kaine as they conclude a bus tour. Their final stop will be in columbus, ohio. See that live tomorrow on cspan. The cspan bus is in philadelphia, pennsylvania, this week. Good morning, hi. Im valerie. Im a super delegate for Hillary Clinton from the great state of ohio. It gives me a pleasure and honor to be part of this historic moment. I First Convention was in 2008 and i had an opportunity to be part of the convention to help nominate the first africanamerican president , and im looking forward to doing it again to nominate the first female president of the United States. Im excited about today, im excited about the community. Go, ohio. Go, hillary. The san delegate from Fernando Valley in los angeles, california, and am supporting hillary. I could not be more excited to support the first female candidate for president. Issues andt womens middle east politics and i know that she is the most qualified candidate for president. I cannot be more excited. Im here at the ohio delegation conference at the dnc. The most important issue for me in the selection is the Supreme Court. This has consequences for the next four years, but the Supreme Court can last 30 years, and that is a defining issue, who we and to be shaping our laws policies for the next generation to come. Im a district delegate from fresno, california, Congressional District 22. My delegate experience has been eyeopening. I feel like im witnessing the death of democracy. I do not feel included. I do not feel like my voice is heard. And am very concerned for the future of my country, for my daughters and granddaughter. The revolution continues. Im Brian Connolly from orange county, california, and im having a great time as a delegate. Im here because of my mother,ther, my wh wife, and my grandbaby who is six months old. It is so important in this election to break the glass ceiling. Voices from the road on cspan. Coming up next, from a look atn journal, the 1933 glasssteagall act and why there is growing consensus andy among democrat republicans to restore it. That is followed by efforts by the federal government to create a Cyber Security workforce. That look at the threat isis poses to religious and ethnic minorities. Host my guest is a columnist with bloomberg u. About business and economics and she is also a writer for the economist and worked at three startups, including a consulting firm, investment bank, and a Disaster Recovery firm. Thank you for joining us. Gall, this has recently popped up for a this issue has popped up as a main issue for democrats and republicans. Tell us, what is glasssteagall . Depression, the passed a series of reforms. Everything from the Banking System, and other things. There were actually two it was namedls, after the legislators that pushed it. One of them we dont care about. It was small banking acts that no one cares about. The second one, however, did a bunch of things. It fixed Interest Rates. It allowed and made changes to the federal reserves over market committee. The thing people are usually talking about when the talk the separation of commercial and Investment Banking. Like j. P. Morgan and Morgan Stanley, that used to be one bank, but were split up during the Great Depression because of this regulation. Theoryng is, there was a of how this meant the Banking System safer. It didnt really turn out to work in practice. So, what happened over the years was various components of this still parts ofre it that are there. On the other hand, the fixed Interest Rates, those were repealed back in the 70s. The 1980s, rather. Bout bringing a back the separation but that it was kind of dying for a lot of the 1990s. It was completely written out of the law by the act in 1999. That is one reason it became such a political foot wall in the democratic primary. Host this was a law that was crafted post depression. Part of it was repealed in the 1990s, why is this an issue today . Thet because we have financial crisis. Almost no people who study the matter think that it is a good idea. Hadurned out if this directly led to the financial crisis in the way that a lot of it the bring back glasssteagall people think. We would expect to see that the problems wouldve shown up in hybridaken hybrid big banks. That was the opposite of what we saw. It appeared in institutions that were created by glasssteagall. Bear stearns, Morgan Stanley, lay investment p banks. To a last pure play investment banks, Goldman Sachs and Morgan Stanley had to convert themselves to normal cover banks because that was what they had to do to get access to the fed discount window. That kept them liquid and kept them from going under. So, you know, if this had created the problem, it wouldve showed up in citibank. Instead, it showed up on the other side. The banks that survived this best for the hybrid banks that have been created by the repeal of the repeal of this particular provision. Host our viewers can join in the conversation. Democrats at 202 7488000, republicans at 202 7488001 and independents at 202 7488002. You can send us your thoughts on twitter, and the talking but the glasssteagall act and calls to bring it back. Who is calling to bring it back . In the republican platform now, Bernie Sanders was a big fan. I think the attraction of bringing back glasssteagall is not that it is a effective, it is that you can explain it really easily. Unlike a lot of banking regulation, you try to go through Capital Requirements and explain that to anyone and about three words in their eyes have glazed over. Hand, other glasssteagall is a easy to explain. We break up the banks. We make them smaller. That is an easy thing to understand. There is a separate argument, we break these lines of business off. That is a really really easy thing to explain. These often get a political life beyond their actual policy usefulness because it is the sort of thing where you can go and say i did this. If you go to voters and say on the negotiated hard tier one Capital Requirements, no one understand what you are talking about. Host but why both republicans and democrats . It seems like this is an issue that Bernie Sanders has championed, and elizabeth warren. Democrats, but why republicans also . Guest i think what we are seeing as we are in a populist moment. We dealt with the financial crisis, we are coming out of it, but the fact is we have slow growth. We have an aging society. If youkforce shrinks and are in your 20s and taking on a high risk entrepreneurial product with a high potential payoff, you could be rich for decades. If you are in your 50s, you have more to lose, less to recover, and less time to enjoy being rich. All of those things are contributing to a lower growth rate but there is obviously a hangover from that. While people in washington still have their jobs and their incomes are ok, people outside of washington do not feel the same way and they want answers. People within the system often do not understand what they are saying. Explaining those issues to people outside the system is nearly impossible. Is, politicians look for how do i satisfy this demand for something that i can show you i did something . Even though we have, dodd frank was a mixed tag but we have done things to make the Banking System safer, they are so hard to explain that politicians go back to voters and say, here it is. Host what is it that a bank would not be able to do if glasssteagall were reinstated specifically . Guest for one thing, you cannot have federally insured deposits in the same arm this is sort of the Major Political talking point right now citibank has a bunch of federally insured deposits and it also has host customer deposits. Guest but they also do Investment Banking things. You would not be able to do those in the same bank. Honestly, i think that the difference that you would see would not be particularly large. Again, this is the sort of thing that intuitively makes sense if you do not know a lot about the Banking System. The world is too complicated for anyone to understand every issue. Intuitively it seems like if these big banks have customer insured deposits than they are going to get a bailout from the government. Bear stearns, Lehman Brothers did not but Morgan Stanley and Goldman Sachs did and Merrill Lynch had an arrangement. The fact is, all of these systems are interlinked. There is no way to get around that. In the Great Depression there was no federal deposit insurance. That was one of the great revelations fdr had after the crisis. , theirere local banks biggest investors were local people. The contagion can spread so quickly from bank to bank. Money Market Mutual Fund accounts were not federally insured and the government went in and temporarily insured them because the contagion can spread from market to market. The real truth is that if there is another crisis, and there probably will be sometime in the next 70 years because as the world changes, it gets more complicated. Bankers mess things, consumers mess things bankers miss things, consumers miss things. Host gary from orchard park new york. Caller the American People this morning as you said, what is glasssteagall, they would not have the slightest idea. It is an important piece of legislation that has been on the book since white, 1934 since what, 1934. Since that time, wall street ranks have been lusting for the elimination of the glasssteagall law because they wanted to get their hooks into those federally guaranteed bank theunts so they could play Las Vegas Casino gambling picture again. Congress and so forth have not then able to pull it off since 1934, who brought it about but a democrat who holds himself out as representing the working people, bill clinton. The wall street banks were grateful for bill clinton for pulling that off. Clinton, asllary you know who is running now, correct me if i am wrong, i have not heard her ever say, my husband made a mistake, respectfully, he made a mistake and as soon as i am in office im going to start to reinstitute the glasssteagall law. Host Megan Mcardle . Guest honestly, people have talked about this and she is in an awkward political position. I honestly do not think that Hillary Clinton believes that bringing back glasssteagall would make the Banking System safer and she is pretty much in the consensus with most experts. We did not see federally insured deposits playing a big role in the 2008 crisis. Problems appeared in other sectors of the banking market and in some cases, resulted in the government going in and providing guarantees that had not been there in places like the money market, in order to stop exactly the kind of bank runs we saw in 1929 in 1930. And 1930. The arguments for big banks are andlemented complicated, you can go either way about whether it is efficient. A lot of the things that people think come from big banks do not necessarily come from the big banks themselves. People assume if the banks are bigger government will need to bail them out. Governments were tiny in 1929 in the government did not ail them out. The risk was in the market, not in the banks themselves. It was the fact that everyone in the market had taken basically the same leveraged that on real estate leveraged bet on real estate and the system was dangerously compromised. The kind of technical things we do do not look like they have a big effect. Things like capital, those things we do think are going to have a meaningful effects because it is harder to take those massive bets all at the same time. Host next is rick from ohio on the independent line. Good morning. We havethe problem that right now the second is that you have somebody from Bloomberg News on here trying to explain the Banking System. Reality, if you go back to the constitution, the constitution says only congress can print money. So you go to the federal reserve, a lower Interest Rates 13 times in the year and are printing nothing but fake to try totry to manipulate the global economy. What this lady says is that what 1934ned with clinton, in roosevelt said wall street could not touch the bank money, pension money, or your insurance money. Clinton said, we are going to do away with that so they stole 10 trillion, five 5 trillion from banks, and you keep on talking about banks. There are no banks. I am 60 years old and i grew up in detroit when they were a banking laws and antitrust laws in place. This is where cspan is going to be forced to hang up on me as we have to talk about jpmorgan, citigroup, aig, and Goldman Sachs, and those are run by jews. Host i am going to hang up. Megan mcardle . Guest i am not sure where those numbers came from. I am actually kind of not sure what the question was. Host lets look at this, this is a New York Times oped from Hillary Clinton in december where she put forth her plan on how to intervene in wall street. She said her comprehensive plan would include reigning in Financial Institutions and her plan proposes legislation that would impose a new risk fee on large banks. It also includes strengthen a the volcker bill by closing loopholes. She says her plan also goes beyond the biggest banks to include the whole financial sector. The return of a depression era rule called glasssteagall which separated traditional banking from Investment Banking. But many of the firms that contributed to the crash in 2008 were not traditional banks. It is i think most of somewhat along the lines of glasssteagall, which is things are done because you can explain them not because they are necessarily going to work. The vocal rule is something we tried. It turned out to be extremely hard to find a real line that will work with the rule. The difference between yourietary trading, where are trading to make a profit and making a market, which is where you come in and hold securities and sell them eventually. A customer wants to buy and there is no buyer immediately so you buy and hold that security and sell it later. That is the difference between, those two things. We can kind of say, i know it when i see it but that is not how our regulatory system works. You have a hard and fast, and the lines turned out to be harder to draw than we thought. Money so itnt needs is as good a place to get money as any. Bankers i think would disagree with this but in general, i do not think this is likely to make much difference. But i will say that one of the things we have seen is since dodd frank, since the financial crisis is that they are banks have lower costs of borrowing because people assume they will be first in line for bailout. If the government wants to call that money back, i do not think i will sleep easier at night knowing my bank account is safer. Host jim from the republican line is on next. Caller you made an interesting point, your guest did how the nonbanks, bear stearns, Lehman Brothers, aig fell in the banks did not. Before the repeal of glasssteagall in the early 1990s as entities started trading collateralized debt operations. When the banks got into that that number swelled because banks threw money at those investments, and that is what toppled those other nonbank entities. I think you need to realize that in other words, before the banks got into it, the big banks were allowed to get into Investment Banking, they were trading those assets and it was not until the banks got into it that it ballooned and swelled those investments to the points where those other entities when everything finally hit the dust and could not hold up, that is what knocked them out. For you to say the banks did not have a problem an act like they were not connected with this and did not need to be bailed out the lies the fact that citibank would have gone under without the federal government shoving money into the tarp program. Saying is thatm the problems showed up elsewhere first in the Banking System. If glasssteagall where the problem you would have expected the problem to show up in the banks that have it. Insurance erally insured deposits is causing a lot of people to argue, if it is calling banks to say i have insured deposits i do not care anymore, im going to take wild risks and i can do anything, i do not think that works. The first reason is the insurance is for the deposits, not the bankers. Look what happens when the fdic goes in and resolves a bank. They shut it down and the managers lose their jobs. Maybe they will get another job and maybe they will not. It is not a great thing on the resume that you ran a bank that failed. We are treating those deposits as if lowers the cost of capital but making them more willing to take risk, i think that is not really proven. The second argument is, the depositors because they are insured are not taking care to see that their bank a sound. I also really do not think that works because partly we know the experience of the Banking Industry in 29 in 1929. Youre talking about banks in local communities where the people who have the biggest deposits are the local rich people. They know what the companies were doing, they knew it was a good risk. The banks still failed. They are failing because some bank in austria went down and it rippled into new york and the rest of the country. Those kind of issues make the system different from other kind of systems. No matter what we do, there is always a risk. If you think about what the Banking System is, i want to borrow shortterm. I want to lend shortterm and borrow longterm. I want a 30 year mortgage but do not want a lock on my bank account for 30 years. Banks exist to transform the short term loan that i make, they transform that money into a longterm loan. Now there is a mismatch. The best illustration of this is in the movie its a wonderful whenen jimmy smits he says he wants his money back. There is always a risk in that transition because more people might want their money out band can get it. Because of that, the interesting thing that the Financial System it is very different from any other kind of system, is that two things actually. If someone thinks your bank is bad, your bank is bad. If enough people believe your bank is insolvent, it does not matter if it is solvent, it could go out of business. There is a contagion issue. You really do see in the situations that a perfectly sound bank can get taken down by the fact that other banks have failed, and these things have massive ripple through. That is why i think we are Never Working that risk around out of the system. The great thing about fdr is he figured out, how do you get rid of most of that risk . First of all, to regulate banks but second of all, you are looking at more of that systemic contagion and trying to contain it. You say the government is guaranteeing the accounts and that has been an incredibly effective tool. The United States invented it and we should be proud of it. The majority of people do not like it because they feel like we are rewarding people for doing something stupid and doing something wrong. That is a real hard sell that sometimes you have a choice between being successful and being right. Risk andook a bunch of they are all out there walking around. The fact is, most of them did not commit criminal offenses. They were just down. People make the same bet homeowners did and they did it in a stupid, wild, overleveraged way and i could name 90 things if they had not done the Banking System would not have failed. If people in the United States have not bought houses for twice with they were worth, the system would not have failed. Before 2008 there was a phenomenon called the great moderation, which was the idea that the fed and regulators in general have gotten so good at regulating we would not have bad crises. There were phd dissertations written on this and i remember talking to a prominent economist after that, i do not know what happened to those people. We all got stupid. It was not like there was one group, the bankers did everything and the rest of us were sitting around and amy smart and lies. Around and were being smart and wise. The housing system, i do not think that caused the crash. I do not think that that works. When i do think works is saying, this was a collective insanity and you have to remember, it was worldwide. When you have expectations explanations there rely on glasssteagall, but no one else has this, why was there a housing crisis in spain . Why did iceland have so many problems . It was the interlinkages that caused so many problems. York jill from hudson, new is our next caller with the democratic line. Caller megan is exactly right that it is the investment banks that failed in 2008, however i think the issue is that people are looking at the concentration banks. Th in a few large if you allow Investment Bankers to play in other aspects of banking, it is an unfair advantage against the smaller local banks. But there ist, more to that. It is part of the whole populace thing on taking on the concentration of wealth. It is similar to the trade issue. People are dreaming blaming economyade pacts on the on the state of the economy when you look at the history of successful economies, they always import more than they export because they have a driving domestic economy by their goods. People who think this will be a panacea for the economy are absolutely wrong. It is usually Foreign Countries that do not have a good economy that have to export. York. Joe from hudson, new lets get another caller, ryan from Eastern Washington calling on the independent line. Caller good morning. I wish we had this discussion going pretty primary, primary,sing pre precaucusing before we made our votes for the current candidates. I would will i was wondering if megan could tell us the outcome of reenacting the glasssteagall act, if this scenario would result in when the tpp gets enacted. My 1992 we go there, president ial nominee was bill clinton. He told me we would take money out of politics. In his second term, thein his se the report that our National Debt would go from red ink to black ink in 2007. Nine 11 2001, the big banks slashed everyones line of credit. In the bush term, we received a couple of 500 checks per household as tax rebates or went to fived gas dollars a gallon in 2007. Weve refinanced for low 2500,t at the cost of when all we were doing was going for lower Interest Rates, very well established with the financial institution. Host we will have to leave it there bank and turned back to our guest. Megan mcardle, there have been changes made since the early 1990s. What has been done to address the issues in the Financial System . Guest that is a whole other show. Testing,the stress capital requirement, a hold wide panoply a whole wide panoply of things that are done. Host under dodd frank . Guest much of it under dodd frank. Part of it is a change in the regulators. When they think things are safe they are less scrupulous. Dodd frank also did a bunch of random things like regulate the fees that credit card people can charge retailers. They propose this as very friendly with the retail industry. There are a bunch of Different Things that were stuck all in one package. We have made the Banking System safer one of the things that you have to remember, one of the things that makes the Banking System safer is having people who have been through a crisis. It sounds terrible. There was actually some really Interesting Research from vernon economist, and they did asset markets. What happens if you get people trading, it is on computers but they are trading for real money. They create a market in a lab in the assets that you can buy have an uncertain payoff. What happens in these markets and what they say is they get bubbles. Every time the same thing happens, they get a big level and the only way according to one of the economist to get the bubble go away, is you have the same people playing together a couple of times. The second or third time they start to realize what is happening, they recognize the signs and they stop it. If you look at what happened in the Great Depression, we see that things like u. S. Savings rates go up and people become more conservative about buying assets so the stock market is depressed. Bankers become more conservative. There is regulation as well as a personal factor. Right now i would not expect to see another crisis in the Banking System. Banker incomes have gone down. The banks themselves are more conservative, more worried about risk. , i regulators are there also do not want to say they do not play a role. Get morethat people conservative makes it look like the regulation is a little bit more effective than it is. Wilmington, from delaware, on the republican line. Caller good morning. The price of gold is going up a bit, so watch those italian banks. There is a big problem with the italian banks and i was mortified when they removed glasssteagall. I should be able to put my money in the bank. I am 75, disabled, tired, without worrying about it. I think two or three years ago i called the fdic and guess how much money they had in it . Two and a half million dollars. We would have to start printing money like crazy. Either way, i may vote for trump. Undecided although i did vote republican for ron paul a few years ago. Guess what brought hit their about and i am jewish. Host lets get another caller in, vera from flushing, new york. Caller we do kindly explain to right role he played in the housing bubble . What is aig and what role did they play . Considering the bailout host we have to give our guest some time. Guest a derivative is a security that derives from other securities so if you take Something Like the obligations,d debt basically you take an existing mortgage bond and chop it up. You say the mortgage bond has a range of possible payouts so i am going to make a new security with a bunch of mortgage bonds sitting in a pool. Im going to say, these guys get the first payoff, and you allocate who takes the losses. The cheapest and jump list tranches they are called, take the losses. You are creating a synthetic mortgage bond. This is one kind of derivative. A derivative can also be something as simple as i have an option to buy, an option to sell. Is it means is that it itself a contract related to some other security, it is not a security all by itself. What role did it play . I think it absolutely magnified if you look at the junk mortgage bonds that people were looking at, there was a fixed supply of having derivatives allowing you to be able to increase the size of the bet you would take. Host linda from florida on the independent line. Good morning. Caller i would like to first say that the American People instinctively are not quite as stupid as portrayed. Politician, a corporate or wall street representative telling me how , it is and things are indication of the scam. Host that is linda from florida. Megan mcardle, your final thoughts. Guest that is a common sentiment and we know that in our own lives, whatever we do is complicated. Why cant you just . There is a good reason. Doing, wet is we are know it is harder than it looks from the outside. That is the thing that politicians and people that politicians want to regulate have to deal with. People want something they can understand. The Banking System is important to our lives and we want something we can understand. When something is very difficult to understand there is a temptation to say, it must be easier than that. As you know in your own life, it is not easier than that. It is incredibly complicated and difficult and i do not think we will find perfect a at cspans washington journal live every day with news and policy issues that impact you. , Senior Writer and coauthor of the almanac of american politics will join us to discuss where the president ial race stands