Video: 'Election 2012 | DNC Convention Coverage and Obama's DNC Speech 9/6 | The New York Times' (coverage begins at 7:00 p.m. EDT, Biden speaks at 9:31 p.m. or 2:31:00 into the video and Obama speaks at 10:27 p.m. or 3:27:00 into the video)

(Thursday, September 6, 2012, Obama started speaking at 10:27 p.m. EDT; during the 2012 Democratic National Convention) — President Barack Obama of Illinois accepted the Democratic Party’s nomination for a second term tonight at the Time Warner Cable Arena in Charlotte, North Carolina, making a forceful argument that he had rescued the economy from disaster and ushered in a recovery that would be imperiled by a return to Republican stewardship.

Describing himself as “mindful of my own failings,” Obama conceded the country’s continuing difficulties while defending his record and pleading for more time to carry out his agenda. He laid out a long-term blueprint for revival in an era obsessed with short-term expectations.

“I won’t pretend the path I’m offering is quick or easy; I never have,” Obama told a packed arena of 20,000 party leaders and activists. “You didn’t elect me to tell you what you wanted to hear. You elected me to tell you the truth. And the truth is, it will take more than a few years for us to solve challenges that have built up over decades.”

He added: “But know this, America: Our problems can be solved. Our challenges can be met. The path we offer may be harder, but it leads to a better place. And I’m asking you to choose that future.”

Obama was nominated unanimously early today by the 5,556 delegates of the convention.

Vice President Joe Biden of Delaware was nominated for a second term by voice vote. He accepted the nomination earlier this evening, speaking at 9:31 p.m. EDT.

The Obama-Biden ticket would oppose the Republican ticket of former Governor Mitt Romney of Massachusetts for president and Rep. Paul Ryan of Wisconsin for vice president (nominated in August 2012) in the 2012 United States presidential election.