Despite all the noise and hullabaloo - military cooperation, intelligence cooperation, all of that has continued. We have defended them consistently in every imaginable way. But I also believe that both for our national interests and Israel's national interests that allowing an ongoing conflict between Israelis and Palestinians that could get worse and worse over time is a problem. And that settlements contribute.

We've got to make sure that teachers are respected, that they are rewarded, that young people like yourself who have talent and want to work with people, that you're able to support yourself and live out a great life being a teacher.

The easiest way to save money is to waste less energy.

No party has a monopoly on wisdom. No democracy works without compromise.

I can document this past week [of presidency] we've put out memos from every agency showing what did we do. Try to be as honest as possible. There's a little hype involved obviously. It's spin because it's our agencies. We feel some pride about it. But tried to be self-critical as well.

My greatest hope is to be able to pass the same dreams and hopes and vision that I've been able to enjoy in my life, on to the next generation. Not just for my children - because with a mother like Michelle, my kids are going to be great - but for all children. There are too many children in this country for whom the American dream is so distant and the odds against them are so daunting.

A good compromise, a good piece of legislation, is like a good sentence; or a good piece of music. Everybody can recognize it. They say, 'Huh. It works. It makes sense.'