December 11, 2011 7:50 PM

President Obama: The economy, the Congress, the future

Obama: Well, first of all, I'll tell you, Steve, it doesn't really matter who the nominee is gonna be. The core philosophy that they're expressing is the same. And the contrast in visions between where I want to take the country and what-- where they say they want to take the country is gonna be stark. And the American people are gonna have a good choice and it's gonna be a good debate.

Kroft: What do you make of this surge by former Speaker Gingrich?

Obama: He's somebody who's been around a long time, and is good on TV, is good in debates. And, you know, but Mitt Romney has shown himself to be somebody who's good at politics, as well. He's had a lot of practice at it. You know, I think that they will be goin' at it for a while. When the Republican Party has decided who its nominee is gonna be, then we'll have plenty of time to worry about it.

Kroft: Four years ago. Springfield. Cold.

Obama: It was freezing.

Kroft: You declared your candidacy. And you said, "The reason we've not met our challenges is a failure of leadership, the smallness of our politics, the ease with which we're distracted by the petty and the trivial, our chronic avoidance of tough decisions, our presence for scoring cheap political points instead of rolling up our sleeves and building a working consensus to take on big problems." I mean those were eloquent words and true words. Unfortunately, they're still largely true today. Did you overpromise? Did you underestimate how difficult this was gonna be?

Obama: I didn't overpromise. And I didn't underestimate how tough this was gonna be. I always believed that this was a long term project. That reversing a culture here in Washington, dominated by special interests, it was gonna take more than a year. It was gonna take more than two years. It was gonna take more than one term. Probably takes more than one president.

The one thing I've prided myself on before I was president, and it turns out that continues to be true as president: I'm a persistent son of a gun. I just stay at it. And I'm just gonna keep on stayin' at it, as long as I'm in this office. And we're gonna get it right. And America will succeed. I am absolutely confident about that.



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