Troops 'do not believe that America has lost'

Excerpts from President Bush's address to the nation last night, as prepared for delivery:

''I know many Americans have questions about the cost and direction of this war. So tonight I want to talk to you about how far we have come in Iraq, and the path that lies ahead."

''This election will not mean the end of violence. But it is the beginning of something new: constitutional democracy at the heart of the Middle East. And this vote -- 6,000 miles away, in a vital region of the world -- means that America has an ally of growing strength in the fight against terror."

''Some look at the challenges in Iraq, and conclude that the war is lost, and not worth another dime or another day. I don't believe that. Our military commanders do not believe that. Our troops in the field, who bear the burden and make the sacrifice, do not believe that America has lost. And not even the terrorists believe it. We know from their own communications that they feel a tightening noose -- and fear the rise of a democratic Iraq."

''It is also important for every American to understand the consequences of pulling out of Iraq before our work is done. We would abandon our Iraqi friends -- and signal to the world that America cannot be trusted to keep its word. . . . We would hand Iraq over to enemies who have pledged to attack us -- and the global terrorist movement would be emboldened and more dangerous than ever before."