In fact, the best thing we could do on taxes for all Americans is to simplify the individual tax code. This will be a tough job, but members of both parties have expressed an interest in doing this, and I am prepared to join them.

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.

Civility also requires relearning how to disagree without being disagreeable. Surely you can question my policies without questioning my faith or, for that matter, my citizenship.

I then spoke to chancellor (Angela) Merkel of Germany and we agreed that the United States and our European allies will work closely together in the weeks and months ahead.

We don't quit. I don't quit. Let's seize this moment.

One of the things that you come pretty early on to understand in this job, and you start figuring out even during the course of the campaign, is that there's Barack Obama the person and there's Barack Obama the symbol, or the office holder, or what people are seeing on television, or just a representative of power. And so when people criticize or respond negatively to me, usually they're responding to this character that they're seeing on TV called Barack Obama, or to the office of the presidency and the White House and what that represents.

It's no wonder that America's engagement in the region has strong, sustained, bipartisan support. So I'll be handing my successor a strong foundation - including closer ties with Singapore - on which to continue building, and I'm optimistic that will happen.