Transcribe audio internally

Hey there,

Long Story Short: I'd like to transcribe audio files into written words internally in my computer. Ideas/solutions are welcome.

I'm thinking if I could figure out how to setup a "Line In/Out" thing so that audio from one program could be heard by another I may be good, or at least off to a good start.

Putting a computer speaker next to a computer microphone has too great of an audio quality loss for transcription programs. I'd like to use Google Now, since it seems to be more capable of distinguishing from background noise than Google Docs, but I'll do whatever works.

The only reasonably good (better than google) version of Dragon Dictation works by learning 1 voice, so it wont work in my situation; between different lecturers in different lecture halls. IBW Watson's free online transcription API will allow you to upload files for transcription, but it functioned just as poorly or worse than Google Docs.

I'd like to transcribe my class lectures.I have audio recordings of the lectures that I take with a portable Zoom H1 device, then I am able to get the audio files onto my computer off of its microSD card. Generally, putting this devise near the lecturer results in less background noise than keeping it at my desk; so transcribing prerecorded files would be ideal. Google Now seems to have the best transcription ability by far, and it seems to be superior to whatever Google is using for transcription in Google Docs. By using the Zoom H1 as a USB attached microphone for my computer, I was able to try using Google Docs transcription in real time, but it was hardly able to pic up any words, and usually crashed within a minute or two.

Thanks for the help!!!!