Presidential farewell addresses are an American tradition dating back to George Washington’s, in which he famously warned against “entangling alliances.” A century and a half later, Dwight Eisenhower warned against the internal threat posed by “the military-industrial complex.” Last night, Joe Biden warned against the growing power of the extremely wealthy.
After a brief announcement of the Gaza ceasefire, he lamented the state of the Republic he’s presided over the past four years. He evoked the Statue of Liberty as its symbol:
Long ago, in New York Harbor, an ironworker installed beam after beam, day after day. He was joined by steel workers, stonemasons, engineers. They built not just a single structure, but a beacon of freedom. The very idea of America was so big, we felt the entire world needed to see the Statue of Liberty, a gift from France after our Civil War. Like the very idea of America, it was built not by one person but by many people, from every background, and from around the world.
Like America, the Statue of Liberty is not standing still. Her foot literally steps forward atop a broken chain of human bondage. She’s on the march. And she literally moves. She was built to sway back and forth to withstand the fury of stormy weather, to stand the test of time because storms are always coming. She sways a few inches, but she never falls into the current below. An engineering marvel.
The Statue of Liberty is also an enduring symbol of the soul of our nation, a soul shaped by forces that bring us together and by forces that pull us apart. And yet, through good times and tough times, we have withstood it all. A nation of pioneers and explorers, of dreamers and doers, of ancestors native to this land, of ancestors who came by force. A nation of immigrants who came to build a better life. A nation holding the torch of the most powerful idea ever in the history of the world: that all of us, all of us are created equal. That all of us deserve to be treated with dignity, justice and fairness. That democracy must defend, and be defined, and be imposed, moved in every way possible: Our rights, our freedoms, our dreams. But we know the idea of America, our institution, our people, our values that uphold it, are constantly being tested.
Ongoing debates about power and the exercise of power. About whether we lead by the example of our power or the power of our example. Whether we show the courage to stand up to the abuse of power, or we yield to it. After 50 years at the center of all of this, I know that believing in the idea of America means respecting the institutions that govern a free society — the presidency, the Congress, the courts, a free and independent press. Institutions that are rooted — not just reflect the timeless words, but they — they echo the words of the Declaration of Independence: “We hold these truths to be self-evident.” Rooted in the timeless words of the Constitution: “We the People.” Our system of separation of powers, checks and balances — it may not be perfect, but it’s maintained our democracy for nearly 250 years, longer than any other nation in history that’s ever tried such a bold experiment.
And took credit for carrying the torch:
In the past four years, our democracy has held strong. And every day, I’ve kept my commitment to be president for all Americans, through one of the toughest periods in our nation’s history. I’ve had a great partner in Vice President Kamala Harris. It’s been the honor of my life to see the resilience of essential workers getting us through a once-in-a-century pandemic, the heroism of service members and first responders keeping us safe, the determination of advocates standing up for our rights and our freedoms.
After a brief discursion into why the economy is better than the people think, he warns of darker days ahead:
I’m so proud of how much we’ve accomplished together for the American people, and I wish the incoming administration success. Because I want America to succeed.
That’s why I’ve upheld my duty to ensure a peaceful and orderly transition of power to ensure we lead by the power of our example. I have no doubt that America is in a position to continue to succeed.
That’s why my farewell address tonight, I want to warn the country of some things that give me great concern. And this is a dangerous — and that’s the dangerous concentration of power in the hands of a very few ultrawealthy people, and the dangerous consequences if their abuse of power is left unchecked. Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead. We see the consequences all across America. And we’ve seen it before.
More than a century ago, the American people stood up to the robber barons back then and busted the trusts. They didn’t punish the wealthy. They just made the wealthy play by the rules everybody else had. Workers want rights to earn their fair share. You know, they were dealt into the deal, and it helped put us on the path to building the largest middle class, the most prosperous century any nation the world has ever seen. We’ve got to do that again.
After again telling us that the economy is great and the middle class has been uplifted by his presidency, he continues:
You know, in his farewell address, President Eisenhower spoke of the dangers of the military-industrial complex. He warned us that about, and I quote, “The potential for the disastrous rise of misplaced power.” Six days — six decades later, I’m equally concerned about the potential rise of a tech-industrial complex that could pose real dangers for our country as well.
Americans are being buried under an avalanche of misinformation and disinformation enabling the abuse of power. The free press is crumbling. Editors are disappearing. Social media is giving up on fact-checking. The truth is smothered by lies told for power and for profit. We must hold the social platforms accountable to protect our children, our families and our very democracy from the abuse of power. Meanwhile, artificial intelligence is the most consequential technology of our time, perhaps of all time.
Nothing offers more profound possibilities and risks for our economy, and our security, our society. For humanity. Artificial intelligence even has the potential to help us answer my call to end cancer as we know it. But unless safeguards are in place, A.I. could spawn new threats to our rights, our way of life, to our privacy, how we work, and how we protect our nation. We must make sure A.I. is safe and trustworthy and good for all humankind.
In the age of A.I., it’s more important than ever that the people must govern. And as the Land of Liberty, America — not China — must lead the world in the development of A.I.
You know, in the years ahead, it’s going to be up to the president, the presidency, the Congress, the courts, the free press, and the American people to confront these powerful forces. We must reform the tax code. Not by giving the biggest tax cuts to billionaires, but by making them begin to pay their fair share.
We need to get dark money — that’s that hidden funding behind too many campaign contributions — we need to get it out of our politics. We need to enact an 18-year time limit, term limit, time and term, for the strongest ethics — and the strongest ethics reforms for our Supreme Court. We need to ban members of Congress from trading stock while they are in the Congress. We need to amend the Constitution to make clear that no president, no president is immune from crimes that he or she commits while in office. The president’s power is not limit — it is not absolute. And it shouldn’t be.
And in a democracy, there is another danger — that the concentration of power and wealth. It erodes a sense of unity and common purpose. It causes distrust and division. Participating in our democracy becomes exhausting and even disillusioning, and people don’t feel like they have a fair shot. We have to stay engaged in the process.
As with Eisenhower’s warning, the obvious question is, Why didn’t you do something about this while you’re President? But, in fairness, Biden did make some efforts on many of these related issues and was unable to get cooperation from Congress and the courts.
The reforms he wants for the Supreme Court and Presidential immunity would require amending the Constitution, a near-impossible task. But that fixing the system is unlikely to happen doesn’t mean it isn’t broken.
He ends the speech on a hopeful note:
A fair shot is what makes America America. Everyone is entitled to a fair shot, not a guarantee, just a fair shot, an even playing field. Going as far as your hard work and talent can take you.
We can never lose that essential truth to remain who we are. I’ve always believed, and I told other world leaders, America will be defined by one word: possibilities. Only in America do we believe anything is possible. Like a kid with a stutter from modest beginnings in Scranton, Pennsylvania, and Claymont, Delaware, sitting behind this desk in the Oval Office as president of the United States.
That is the magic of America. It’s all around us. Upstairs in the residence of the White House, I’ve walked by a painting of a Statue of Liberty I don’t how many times. In the painting there are several workers climbing on the outstretched arm of the statue that holds the torch. It reminds me every day I pass it of the story and soul of our nation, and the power of the American people.
There is a story of a veteran — a veteran, a son of an immigrant, whose job was to climb that torch and polish the amber panes so rays of light could reach out as far as possible. He was known as the keeper of the flame. He once said of the Statue of Liberty, “Speaks a silent, universal language, one of hope that anyone who seeks and speaks freedom can understand.”
Yes, we sway back and forth to withstand the fury of the storm, to stand the test of time, a constant struggle, constant struggle. A short distance between peril and possibility. But what I believe is the America of our dreams is always closer than we think. And it’s up to us to make our dreams come true.
After thanking his family and team, he ends:
My eternal thanks to you, the American people. After 50 years of public service, I give you my word, I still believe in the idea for which this nation stands — a nation where the strength of our institutions and the character of our people matter and must endure. Now it’s your turn to stand guard. May you all be the keeper of the flame. May you keep the faith. I love America. You love it, too.
God bless you all, and may God protect our troops. Thank you for this great honor.
The NYT has a full transcription. YouTube has a video of the full speech:
