I could see America playing a slightly smaller role in the Middle East but I would not see us abandoning the region and just say "Oh," like I said, "China, Russia, it's yours now. Global focus is just on our hemisphere." I don't see that happening.

America was the funder of petro-dictatorships. We treated all these countries as basically big, large gas stations: Libya station, Iraq station, Iran station, Egypt station, Syria station, and all we asked of them were three things: Keep your palms open, your prices low and don't bother Israel too much, and you can do whatever you want to your own people.

Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer's travel season. This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country.

When people get frustrated, it's when they feel they are living in a context that deprives them of dignity, deprives them of justice and deprives them of the freedom to realize their full potential, and that to me is what the Arab awakening was all about. I think it applied to every country, and so I have been an unmitigated supporter of it.

The financial crisis just made the hole deeper, which is why our stimulus needs to be both big and smart, both financially and educationally stimulating. It needs to be able to produce not only more shovel-ready jobs and shovel-ready workers, but more Google-ready jobs and Windows-ready and knowledge-ready workers.

Most jobs are outsourced to the past, they aren't outsourced to India or Mexico or Pakistan or anywhere else.

It has always been my view that terrorism is not spawned by the poverty of money; it is spawned by the poverty of dignity. Humiliation is the most underestimated force in international relations and in human relations. It is when people or nations are humiliated that they really lash out and engage in extreme violence.