Senator Joe Biden just finished his speech accepting the Democratic nomination for the office of Vice President of the United States.

It was a speech that reminded us of the most precious element of the American Dream — the fact that it is open to all:

Barack Obama and I took very different journeys to this destination, but we share a common story. Mine began in Scranton, Pennsylvania, and then Wilmington, Delaware. With a dad who fell on hard economic times, but who always told me: “Champ, when you get knocked down, get up. Get up.”…

Failure at some point in everyone’s life is inevitable, but giving up is unforgivable. As a child I stuttered, and she lovingly told me it was because I was so bright I couldn’t get the thoughts out quickly enough. When I was not as well dressed as others, she told me how handsome she thought I was. When I got knocked down by guys bigger than me, she sent me back out and demanded that I bloody their nose so I could walk down that street the next day.

After the accident, she told me, “Joey, God sends no cross you cannot bear.” And when I triumphed, she was quick to remind me it was because of others.

My mother’s creed is the American creed: No one is better than you. You are everyone’s equal, and everyone is equal to you.

That equality, Biden told us, was at the heart of the American Dream. But as Republican economics has tilted the playing field so the rich get richer and the rest of us get poorer, it has begun to slip away:

That was America’s promise. For those of us who grew up in middle-class neighborhoods like Scranton and Wilmington, that was the American dream and we knew it.

But today that American dream feels as if it’s slowly slipping away. I don’t need to tell you that. You feel it every single day in your own lives.

I’ve never seen a time when Washington has watched so many people get knocked down without doing anything to help them get back up. Almost every night, I take the train home to Wilmington, sometimes very late. As I look out the window at the homes we pass, I can almost hear what they’re talking about at the kitchen table after they put the kids to bed.

Like millions of Americans, they’re asking questions as profound as they are ordinary. Questions they never thought they would have to ask:

• Should mom move in with us now that dad is gone?
• Fifty, sixty, seventy dollars to fill up the car?
• Winter’s coming. How we gonna pay the heating bills?
• Another year and no raise?
• Did you hear the company may be cutting our health care?
• Now, we owe more on the house than it’s worth. How are we going to send the kids to college?
• How are we gonna be able to retire?

That’s the America that George Bush has left us, and that’s the future John McCain will give us.

And he blasted the Republicans’ failed foreign policies as well:

As we gather here tonight, our country is less secure and more isolated than at any time in recent history. The Bush-McCain foreign policy has dug us into a very deep hole with very few friends to help us climb out. For the last seven years, this administration has failed to face the biggest forces shaping this century: the emergence of Russia, China and India as great powers; the spread of lethal weapons; the shortage of secure supplies of energy, food and water; the challenge of climate change; and the resurgence of fundamentalism in Afghanistan and Pakistan, the real central front against terrorism.

In recent days, we’ve once again seen the consequences of this neglect with Russia’s challenge to the free and democratic country of Georgia. Barack Obama and I will end this neglect. We will hold Russia accountable for its actions, and we’ll help the people of Georgia rebuild.

I’ve been on the ground in Georgia, Iraq, Pakistan and Afghanistan, and I can tell you in no uncertain terms: this Administration’s policy has been an abject failure. America cannot afford four more years of this.

Now, despite being complicit in this catastrophic foreign policy, John McCain says Barack Obama isn’t ready to protect our national security. Now, let me ask you: whose judgment should we trust?

And then, in an echo of the message that has been central to Barack Obama’s candidacy since its beginning — the message that it will be up to all of us, working together, to get America back on track — he called on us to join him in this great task:

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. Our people are too good, 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 Obama is ready. This is his time. This is our time. This is America’s time.

Can we fix our nation? Can we undo years of neglect and abuse and get ourselves back on track?

Tonight, Joe Biden said: yes we can.

UPDATE (8:45AM, Aug. 28): CtW leaders Terry O’Sullivan, General President of the Laborers’ International Union of North America, and Jim Hoffa, General President of the Teamsters Union, watched the evening’s proceedings from Senator Biden’s box with the Senator’s brother, Jim Biden. Here’s a pic (from the left, O’Sullivan, Jim Biden, Hoffa):