Word: reformator
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...have an idea, it's because I read Robert Caro's biography 40 or 50 years later. So that process is one that people have legitimate concerns about. And one of the things that I think is very important for us to do moving forward on financial reform, on energy legislation, on the jobs package that we're going to put forward, is we've got to do a better job highlighting what's good in these measures...
Well, it seems obvious that when you get through with this bill, you're going to be turning to some of the things that upset people and the perception that you're at one with Wall Street, at one with Big Government. And obviously that means financial reform and also I think budget and infrastructure are going to be big things this year. But let me ask you first about the financial reform part of it. One of your advisers, Paul Volcker, has said that none of the financial instruments that have been developed over the past 20 years have...
With respect to financial reform: This was always one of our top agendas. I started talking about this during the campaign, and I made a major speech about how we're going to move forward [last] March. My hope had been that health care wouldn't take this long. And that we would've teed up both energy and financial reform before the end of the first year. If there's one thing I have learned - you asked earlier about something I've learned about this process - it always takes longer than you think...
...just close on financial regulatory reform. This is going to be a top priority. You are already seeing the big banks and some of these other interests lining up in opposition to basic core reforms, like making sure that consumers know what the fine print is when it comes to their credit cards or their debit cards or their mortgages. You're already seeing them resisting the idea that they should have a regulatory regime that isn't full of loopholes...
...education. And it wasn't just the usual formulas. Some of it was helping to make sure teachers didn't get laid off, but what [Secretary of Education] Arne Duncan is doing with our Race to the Top Fund - we've already had 48 states react by implementing reforms that had been resisted for years. And you're starting to see the teachers' unions really think through how can they be a partner in the process of reform. And when it comes to infrastructure, not only was it the biggest investment in infrastructure since the Eisenhower Interstate Highway System...