If you've got a business - you didn't build that.

When you take on the position of president, you are committing yourself to, first and foremost, protecting the American people. You are accepting an institutional role that requires you to make hard decisions and hard choices, and as a consequence you have to take your moral sense and not put it aside.

As an elected official who comes from the African-American community, there are some similarities. You are always trying to reconcile your own personal biography and affiliations with the demands of the broader democracy. And you need to make sure you are representing everybody.

We have to have better intelligence. We have to have better interdiction capabilities. And so the issue is not how much we spend or how hard we try; the issue is are we doing it the right way? Are we being smart about it?

I see tragedy and comedy and pain and irony and all that stuff. But in the end I think life is fascinating, and I think people are more good than bad, and I think that the possibilities of prog­ress are real.

My hope would be that, as we're moving through the world right now, we're able to get that psychological or emotional peace by seeing very concretely our kids doing better and being more hopeful and having greater opportunities.

The values that we talked about, the values democracy and free speech and international norms and rule of law, respecting the ability of other countries to determine their own destiny and preserve their sovereignty and territorial integrity. Things are not something that we can set aside.