Instead of having a set of policies that are equipping people for the globalization of the economy, we have policies that are accelerating the most destructive trends of the global economy.

We now live in a world where the most valuable skill you can sell is knowledge. Revolutions in technology and communication have created an entire economy of high-tech, high-wage jobs that can be located anywhere there's an internet connection. And today, a child in Chicago is not only competing for jobs with one in Boston, but thousands more in Bangalore and Beijing who are being educated longer and better than ever before.

I began feeling the way I imagine an actor or athlete must feel when, after years of commitment to a particular dream...he realizes that he's gone just about as far as talent or fortune will take him. The dream will not happen, and he now faces the choice of accepting this fact like a grownup and moving on to more sensible pursuits, or refusing the truth and ending up bitter, quarrelsome, and slightly pathetic.

We are not going to be able to rebuild Afghanistan into a Jeffersonian democracy.

And we have done more in the two and a half years that I've been in here than the previous 43 Presidents to uphold that principle, whether it's ending 'don't ask, don't tell,' making sure that gay and lesbian partners can visit each other in hospitals, making sure that federal benefits can be provided to same-sex couples.

I continue to believe that she has not jeopardized America's national security. Now, what I've also said is that, and she's acknowledged, that there's a carelessness in terms of managing emails that she has owned and she recognizes. But I also think it is important to keep this in perspective. This is somebody who has served her country for four years as secretary of state and did an outstanding job, and no one has suggested that in some ways, as a consequence of how she handled emails, that that detracted from her excellent ability to carry out her duties.

Donald Trump will be the next president, the 45th president of the United States. And it will be up to him to set up a team that he thinks will serve him well and reflect his policies. It takes a while for people to reconcile themselves with that new reality. Hopefully, it`s a reminder that elections matter. I think it`s important for us to let him make his decisions, and I think the American people will judge over the course of the next couple of years whether they like what they see.