This idea that America is somehow on the verge of collapse, this vision of violence and chaos everywhere, doesn't really jibe with the experience of most people.

So how do Latinos feel if there's a big investment just in the African American community, and they're looking around and saying, "We're poor as well. What kind of help are we getting?" Or Asian Americans who say, "Look, I'm a first-generation immigrant, and clearly I didn't have anything to do with what was taking place."

If you look at what happened, I came in the middle of the worst financial crisis since the Great Depression. And unlike Franklin Delano Roosevelt who waited, well, didn't take office until about three years into the Great Depression, it was happening just as I was elected.

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.

I think that our politics everywhere are gonna be going through this bumpy phase. But as long as we stay true to our Democratic principles, as long as elections have integrity, as long as we respect freedom of speech, freedom of religion, as long as there are checks and balances in our governments so that the people have the ability to not just make judgments about how well government is serving them but also change governments if they're not serving them well, then I have confidence that over the long term, progress will continue.

I think we've done a pretty good job staying in touch with the American people. But at a certain point you can't help but lose some feel for what's on the ground because you're not on the ground.

There may be no greater tribute to Steve Jobs' success than the fact that much of the world learned of his passing on a device he invented.