The Russians don't make determinations about what our defense posture is.

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 think that to the extent that we focus on problems where we can build a moral and a political consensus, then I think that we move the country forward and when we are divided and our politics is focused on dividing, then I think we're less successful, not just from the perspective of the Democratic Party or the Republican Party but from the perspective of the nation as a whole.

The federal government and our democracy is not a speedboat. It's an oceanliner, as I discovered when I came into office. It took a lot of really hard work for us to make significant policy changes, even in our first two years, when we had larger majorities than Mr. Trump will enjoy when he comes into office.

It's not enough to celebrate the ideals that we're built on, liberty and justice and equality for all. Those just can't be words on paper, the work of every generation is to make those words mean something, concrete in the lives of our children. And we won't get there as long as kids in Baltimore or Ferguson or New York or Appalachia or the Mississippi delta or the Pine Ridge reservation believe that their lives are somehow worthless.

The terror attacks have reshaped the campaign and may have given another boost to Donald Trump.

As you might imagine, if you're a teenager having a couple of people with microphones and guns always following you around, that could grate on them. But you know, they've handled it with grace and I give Michelle [Obama] most of the credit for how well they've done, but I also just think they are graceful, good young, young women.