What we also have to recognize is that the deficit levels that I'm inheriting, over a trillion dollars, coming out of last year, that that is unsustainable. At a certain point, other countries stop buying our debt, at a certain point, we'd end up having to raise interest rates, and it would end up creating more economic chaos and potentially inflation.
Barack ObamaWe live in a culture that discourages empathy. A culture that too often tells us our principle goal in life is to be rich, thin, young, famous, safe, and entertained.
Barack ObamaFor we have always understood that when times change, so must we, that fidelity to our founding principles requires new responses to new challenges, that preserving our individual freedoms ultimately requires collective action.
Barack ObamaPolitics in this country [USA] is always tough. It's always contentious, because this is a big country and a diverse country, and people have strong points of view, and we've got a great diversity of interests.
Barack ObamaI am not in favor of concealed weapons. I think that creates a potential atmosphere where more innocent people could (get shot during) altercations.
Barack ObamaIt is that promise that has always set this country apart-that through hard work and sacrifice, each of us can pursue our individual dreams but still come together as one American family, to ensure that the next generation can pursue their dreams as well.
Barack ObamaThe banks, because of mismanagement, because of huge risk taking, are now in very vulnerable positions. We can expect that we're gonna have to do more to shore up the financial system. We also are gonna have to make sure that we set up financial regulations so that not only does this never happen again, but you start having some sort of - trust in how the credit markets work again.
Barack Obama