President Barack Obama is telling graduates of the U.S. Air Force Academy that they are the first class in nearly a decade to graduate into a world that has no Osama bin Laden, no war in Iraq and no questions about when the war in Afghanistan will end.

The president declared that there is a "new feeling about America." He said the work of ending one war and setting the path to end the Afghan war has set a foundation for what he called "a new era of American leadership."

Obama's commencement speech carried clear themes of his re-election bid.

He asserted that America is exceptional and more respected now. And he reiterated his economic vision of cutting the debt but putting more money into education, science, manufacturing and

(Copyright 2012 by The Associated Press.  All Rights Reserved.)