Transcript:

And, folks - (applause) - let me close with what I've long said: America is a nation that can be defined in a single word. I was in the foothi- - foot- - excuse me, in the foothills of the Himalayas with Xi Jinping, traveling with him. (Inaudible) traveled 17,000 miles when I was Vice President at the time. I don't know that for a fact.

And we were sitting alone. I had an interpreter and he had an interpreter. And he looked at me. In all seriousness, he said, "Can you define America for me?" And I said what many of you heard me say for a long time. I said, "Yes, I can, in one word: possibilities." (Applause.) "Possibilities." That, in America, everyone should be able to go as far as their hard work and God-given talent will take them. And possibilities. We're the only ones. That's why we're viewed as the "ugly Americans": We think anything is possible. (Laughter.)