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 ObamaConsistent with section 202(d) of the National Emergencies Act, 50 U.S.C. 1622(d), I am continuing for 1 year the national emergency previously declared on September 14, 2001, in Proclamation 7463, with respect to the terrorist attacks of September 11, 2001, and the continuing and immediate threat of further attacks on the United States. Because the terrorist threat continues, the national emergency declared on September 14, 2001, and the powers and authorities adopted to deal with that emergency must continue in effect beyond September 14, 2010.
Barack ObamaNow, in practice, in daily social interactions, etc., there may be all kinds of biases and prejudices that are unspoken, that people aren't aware of, that affect who's hired, and who gets loans, and how kids are treated in school. But it's a powerful thing if you have on your side an idea that the overwhelming majority of people believe in because that's how you can build a consensus that's lasting.
Barack Obama