Transcript And Analysis: Obama Addresses The Nation In Farewell Speech

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President Obama speaks during his farewell address in Chicago on Tuesday.
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President Obama gave his farewell address to the nation on Tuesday night from his hometown of Chicago.

NPR's politics team, with help from reporters and editors across the newsroom, live-annotated the speech. Portions of the transcript with added analysis are underlined in yellow, followed by context and fact checks below.

Note: The transcript was updated throughout the speech. While we are working to correct errors, it may contain discrepancies and typographical errors.

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In a previous version of this annotation, we referred to late 2008 as the high point of oil-barrel imports during President Obama's two terms. Obama did not take office until January 2009.