The conservative revolution that Reagan helped usher in gained traction because Reagan's central insight - that the liberal welfare state had grown complacent and overly bureaucratic, with Democratic policy makers more obsessed with slicing the economic pie than with growing the pie - contained a good deal of truth.

The only time I get frustrated with activist criticism is if I have recognized them, and invited them to work with me to figure out how we solve this problem that they're concerned about, and either they don't engage out of the sense of purity - "I'm not going to shake his hand" - or you're not sufficiently prepared so you don't even know what to ask for, or you're not being strategic as an activist and trying to figure out how the process has to work in order for you to get what you want.

But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.

One thing I think we have to do is to make sure that the undocumented workers who are living in America today, that they have to take responsibility. They've got to register, pay a fine, pay their back taxes, learn English and then get on a pathway in which they could have the prospect of being here legally.

[The White House staff] start bringing in their kids, who you think should be babies and now are in second grade or something, and you've watched them grow up. So I think what ends up happening is you end up maintaining those networks and those contacts, but the concentrated interactions and experience that you have here, I don't think, I don't expect you can duplicate anyplace else.

I'm personally very grateful to my many friends in the Greek-American community, sons and daughters of Greece who have found success in every walk of American life.

[ William Ayers] is an example of what I'm talking about. This is a guy who lives in my neighborhood, who's a professor of English in Chicago who I know and who I have not received some official endorsement from. He's not somebody who I exchange ideas from on a regular basis.