This victory alone is not the change we seek; it is only the chance for us to make that change.

We have to stand up for these issues when it's tough, and that's what I've done. I did it when I was in the state legislature, sponsoring the Illinois version of the DREAM Act, so that children who were brought here through no fault of their own are able to go to college, because we actually want well-educated kids in our country who are able to succeed and become part of this economy and part of the American dream.

Higher minimum wages, full-employment programs, early-childhood education: Those kinds of programs are, by design, universal, but by definition, because they are helping folks who are in the worst economic situations, are most likely to disproportionately impact and benefit African Americans. They also have the benefit of being sellable to a majority of the body politic.

I would say this, I'll go back to those black ladies I was talking about who love them some Barack and love Michelle even more - and by the way, they are not middle-aged anymore, because I'm now middle-aged. So they're a little bit older. As fervent as they were, as excited and happy as they were when I was elected, they had to go to work the next morning. They still had trouble paying those bills. They might have still had a son who was in trouble with the law or couldn't get a job because of a felony record. They didn't stop being grounded.

My presidency is not over. I've got another five years coming up.

I have much more confidence in my ability, or any president or any leader's ability, to mobilize the American people around a multiyear, multibillion-dollar investment to help every child in poverty in this country than I am in being able to mobilize the country around providing a benefit specific to African Americans as a consequence of slavery and Jim Crow.

I think Republicans now are recognizing that [Obamacare cancellation] may not be what the American people, including even [Donald] Trump voters, are looking for. And my hope is that the president-elect, members of Congress from both parties look at, "Where have we objectively made progress, where things are working better?" Don't undo things just because I did them. I don't have pride of authorship.