Since I've never been called a man of few words, let me say this as simply as I can: Yes. Yes, I accept your nomination to run and serve with Barack Obama, the next President of the United States of America.

Joe Biden formally accepted the nomination for Vice President for the Democratic Party last night. Joe came onto the stage after a moving introduction by his son Beau. And with his family in the audience, including his mom who taught him that "you are defined by your sense of honor, and you are redeemed by your loyalty," he gave a rousing acceptance speech.

Joe told America about his childhood, about being picked on because of his stutter, about his father teaching him to always get up after you've been knocked down, and about the promise that if you work hard, you can succeed in the world. And he spoke about how that promise is slowing slipping away.

Fortunately, Joe told the audience, in Barack Obama, we have a candidate who can and will restore the American Dream for people across the country.

You know, you can learn a lot about a man campaigning with him, debating him, seeing how he reacts under pressure. You learn about the strength of his mind, but even more importantly, you learn about the quality of his heart. I watched how Barack touched people, how he inspired them, and I realized he had tapped into the oldest belief in America: We don't have to accept a situation we cannot bear. We have the power to change it. And change it―and change it is exactly what Barack Obama will do. That's what he'll do for this country.

Our greatest presidents―from Abraham Lincoln to Franklin Roosevelt to John Kennedy―they all challenged us to embrace change. Now, it's our responsibility to meet that challenge.

Millions of Americans have been knocked down. And this is the time as Americans, together, we get back up. Back up together. Our debt to our parents and grandparents too great, our obligation to our children is too sacred.

These are extraordinary times. This is an extraordinary election. The American people are ready. I'm ready. Barack is ready. This is his time. This is our time. This is America's time.

Watch Joe accept the vice presidential nomination below.