VIDEO: Watch President Obama's DNC Speech

Tonight, President Barack Obama delivered a speech at the 2012 Democratic National Convention, accepting his party's nomination for president for a second term.

Of his first term, he said he understands more about what the office of president means.

"I recognize that times have changed since I first spoke to this convention. The times have changed – and so have I. I’m no longer just a candidate. I’m the President."

Watch the full video of his remarks, and read the full transcript:

Part 1

Part 2

Part 3

Part 4

Part 5