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Every 4 years, we gather on these steps to carry out the orderly and peaceful transfer of power, and we are grateful to President Obama and First Lady Michelle Obama for their gracious aid throughout this transition. They have been magnificent. Thank you.

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All see, and most admire, the glare which hovers round the external trappings of elevated office. To me there is nothing in it, beyond the lustre which may be reflected from its connection with a power of promoting human felicity.

What I am condemning is that one power, with a president [George W. Bush] who has no foresight, who cannot think properly, is now wanting to plunge the world into a holocaust.

Today's ceremony, however, has very special meaning. Because today we are not merely transferring power from one administration to another or from one party to another, but we are transferring power from Washington, DC, and giving it back to you, the people. For too long, a small group in our Nation's Capital has reaped the rewards of Government while the people have borne the cost.

The power of man has grown in every sphere, except over himself.

The power of a king lies in his mighty arms; that of a brahmana in his spiritual knowledge; and that of a woman in her beauty youth and sweet words.

What people do for the struggle of power is madness.