But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.

I think that there's no doubt that as I see friends, families, children of gay couples who are thriving, you know, that has an impact on how I think about these issues.

What is required of us now is a new era of responsibility - a recognition, on the part of every American, that we have duties to ourselves, our nation, and the world, duties that we do not grudgingly accept but rather seize gladly, firm in the knowledge that there is nothing so satisfying to the spirit, so defining of our character, than giving our all to a difficult task. This is the price and the promise of citizenship.

The more freely information flows, the stronger the society becomes, because then citizens of countries around the world can hold their own governments accountable. They can begin to think for themselves.

This is the moment when we must build on the wealth that open markets have created, and share its benefits more equitably. Trade has been a cornerstone of our growth and global development. But we will not be able to sustain this growth if it favors the few, and not the many.

In the course of a healthy debate, we prioritize different goals, and the different means of reaching them. But without some common baseline of facts, without a willingness to admit new information and concede that your opponent might be making a fair point, and that science and reason matter - then we're going to keep talking past each other, and we'll make common ground and compromise impossible.

I began feeling the way I imagine an actor or athlete must feel when, after years of commitment to a particular dream...he realizes that he's gone just about as far as talent or fortune will take him. The dream will not happen, and he now faces the choice of accepting this fact like a grownup and moving on to more sensible pursuits, or refusing the truth and ending up bitter, quarrelsome, and slightly pathetic.