The War on Drugs has been an utter failure. We need to rethink and decriminalize our marijuana laws.

We remain the most prosperous, powerful nation on Earth. Our workers are no less productive than when this crisis began. Our minds are no less inventive, our goods and services no less needed than they were last week or last month or last year

When George Bush came into office, we had surpluses. And now we have half-a-trillion-dollar deficit annually. When George Bush came into office, our national debt was around $5 trillion. It's now over $10 trillion. We've almost doubled it.

We are defined not by our borders but by our bonds.

Now, because he knows that his economic theories don't work, he's been spending these last few days calling me every name in the book. Lately he's called me a socialist for wanting to roll-back the Bush tax cuts for the wealthiest Americans so we can finally give tax relief to the middle class. I don't know what's next. By the end of the week he'll be accusing me of being a secret communist because I shared my toys in kindergarten. I shared my peanut butter and jelly sandwich.

I would say of all the things that have happened during the course of my presidency the knowledge that you have hundreds of thousands of people who have been killed, millions who have been displaced, [makes me] ask myself what might I have done differently along the course of the last five, six years.

I do believe that Chancellor Merkel and Germany are a lynchpin in protecting the basic tenets of a liberal, market-based democratic order that has created unprecedented prosperity and security for Europe, but also for the world.