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...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. And my attitude is that this is a fight that is entirely consistent with what we've done last year, it's entirely consistent with who I am and how I campaigned...

Author: /time Magazine | Title: 'It Always Takes Longer Than You Think' | 1/21/2010 | See Source »

...Look, even if we hadn't tackled health care, this year was going to be a tough year. During the transition period last year, it became apparent very quickly that we were going to have to make some fast, tough and in some cases politically unpopular decisions to make sure the financial system didn't melt down and we did not spiral into a second Great Depression. We made those decisions and executed them, and I am absolutely convinced that had we not acted the way we did that the situation would've been far worse. (See how Barack Obama...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

...also think that I have to make sure that our team doesn't lose sight of our broader message. Which is that the American people have a right to see what's going on, understand what's going on. That there are some things you can compromise, but there are some things you shouldn't compromise. If you're dealing with the interest groups here in Washington, don't get too comfortable. That's something you have to constantly reinforce and remind...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

...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...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

...high-tech sectors, because they are seeing already the incredible investments that are happening that are going to have 20-, 30-year payoffs. It was the biggest investment in 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...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

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