In fact, by most measures, America has rarely been stronger relative to the rest of the world. Those who argue otherwise -- who suggest that America is in decline, or has seen its global leadership slip away -- are either misreading history or engaged in partisan politics. Think about it. Our military has no peer. The odds of a direct threat against us by any nation are low and do not come close to the dangers we faced during the Cold War.
Meanwhile, our economy remains the most dynamic on Earth; our businesses the most innovative. Each year, we grow more energy independent. From Europe to Asia, we are the hub of alliances unrivaled in the history of nations. America continues to attract striving immigrants. The values of our founding inspire leaders in parliaments and new movements in public squares around the globe. And when a typhoon hits the Philippines, or schoolgirls are kidnapped in Nigeria, or masked men occupy a building in Ukraine, it is America that the world looks to for help. (Applause.) So the United States is and remains the one indispensable nation. That has been true for the century passed and it will be true for the century to come.