If you look at countries like South Africa, where you had a black majority, there have been efforts to tax and help that black majority, but it hasn't come in the form of a formal reparations program.

I promised to bring change to Washington. The underlying reason for the economic mess we're in has been building for years. It's a fundamental imbalance in which the top 1 percent now gets almost a quarter of all national income. We haven't seen income and wealth this concentrated since the late nineteen twenties, and we all know what happened then - the Great Depression. We'll never really get out of the gravitational pull of the Great Recession until we fix this basic problem.

Our Founding Fathers, faced with perils we can scarcely imagine, drafted a charter to assure the rule of law and the rights of man, a charter expanded by the blood of generations. Those ideals still light the world, and we will not give them up for expedience's sake.

If you look at how I've tried to and how I'll continue to try to govern, I'm not driven by some ideological agenda. I'm a pretty practical guy and I just want to make sure that things work.

Inequality also distorts our democracy. It gives an outsized voice to the few who can afford high-priced lobbyists and unlimited campaign contributions, and runs the risk of selling out our democracy to the highest bidder. And it leaves everyone else rightly suspicious that the system in Washington is rigged against them - that our elected representatives aren't looking out for the interests of most Americans.

A mother deserves a day off to care for a sick child or sick parent without running into hardship - and you know what, a father does, too. It's time to do away with workplace policies that belong in a 'Mad Men' episode.

That's part of what I tried to describe to my team and supporters after the election, there was a lot of disappointment.