Never give up on your dreams.

It is my view that if society was doing the right thing with respect to you, [and there were] programs targeted at helping people rise into the middle class and have a good income and be able to save and send their kids to school, and you've got a vigorous enforcement of anti-discrimination laws, then I have confidence in the black community's capabilities to then move forward.

If the global economy is unresponsive to people who feel left behind, if inequality continues to grow, then we could end up seeing more and more of these divisions arise throughout advanced economies around the world.

I have always had extraordinarily good relations with very conservative colleagues. And that's not because I agree with any of them or fudge on my positions, but people feel I listen to them and give them the benefit of the doubt. I assume the best of people. And that, I think, is an attitude that is maybe rare in politics.

If we are going to solve the challenges we face, you need a President who will pursue genuine solutions day in and day out. And that is my commitment to you. We need immigration reform that will secure our borders, and punish employers who exploit immigrant labor; reform that finally brings the 12 million people who are here illegally out of the shadows by requiring them to take steps to become legal citizens. We must assert our values and reconcile our principles as a nation of immigrants and a nation of laws. That is a priority I will pursue from my very first day.

In the campaign back in 2007, 2008, people would say, "Oh, he's being naïve. He thinks that there's no red states and blue states. And wait 'til he gets here." And I will confess that, I didn't fully appreciate the ways in which individual senators or members of Congress now are pushed to the extremes by their voter bases. I did not expect, particularly in the midst of crisis, just how severe that partisanship would be.

Historically - when you look at how America has evolved, typically we make progress on race relations in fits and starts. We make some progress, and then there's maybe some slippage.