Our work has only begun. In our time we have an historic opportunity to shape a global balance of power that favors freedom and that will therefore deepen and extend the peace. And I use the word power broadly, because even more important than military and indeed economic power is the power of ideas, the power of compassion, and the power of hope.

What the United States has done hasn't always been liked or popular. But if you look at some of the most populous places in the world - China, India - the United States is not only respected but, in fact, popular.

We still go out and elect people who we think are going to govern and better our interests. So we may not have the same confidence in the people we elect, but we still go out and elect them.

We [USA] need to deal with our problems here at home if we're going to be strong enough to lead abroad.

Most of the people who were responsible for 9/11 are now in custody or have been killed. But there are others, and they plot and they plan, and they hope to pull it off again. And while we have to be right 100 percent of the time, they only have to be right once. So there's no way to overreact to that.

I wish that after the war against Saddam Hussein we had been more effective at rebuilding Iraq quickly. I think had we done it from the provinces, in, rather than from Baghdad, out, we might have been more successful.

One of the signs that things are going reasonably well for democracy is that we have the states where they're closer to the people. Federalism is a strength. We have all of these civil society institutions - civil society is a very important hallmark of democracy.