What I remember thinking at that point, having gone through both the ups and downs of my first four years, and seeing the sea of people was, "What a remarkable country this is and how lucky am I that we live in a place where the son of a single mom, not born into any kind of fame or fortune, in a pretty remote state somehow can end up be in a position to - to make a difference."

The point is ISIL leaders cannot hide. And our next message to them is simple - you are next.

There is no doubt that thanks to the steps that we took early on to rescue our economy and to rebuild it on a new foundation, we are entering into the new year with new confidence that America is coming back.

I do have confidence that we're gonna be able to get it right. But it's not gonna be overnight. And there's no silver bullets to this. The fact of the matter is, is that we are suffering from a massive hangover from a binge of risk taking.

One of the things I think we have to do is make sure that college is affordable for every young person in America. And I also think that we're going to have to rebuild our infrastructure, which is falling behind, our roads, our bridges, but also broadband lines that reach into rural communities. So there are some things that we've got to do structurally to make sure that we can compete in this global economy. We can't shortchange those things. We've got to eliminate programs that don't work, and we've got to make sure that the programs that we do have are more efficient and cost less.

Try to be as honest as possible.

99.9% of plumbers make less than a quarter million dollars a year, and I'm going to give Joe a break whether he wants it or not.