But at the end of the day, the circumstances of your life what you look like, where you come from, how much money you have, what you've got going on at home that's no excuse ... Where you are right now doesn't have to determine where you'll end up. No one's written your destiny for you. Here in America, you write your own destiny. You make your own future.
Now, because he knows that his economic theories don't work, he's been spending these last few days calling me every name in the book. Lately he's called me a socialist for wanting to roll-back the Bush tax cuts for the wealthiest Americans so we can finally give tax relief to the middle class. I don't know what's next. By the end of the week he'll be accusing me of being a secret communist because I shared my toys in kindergarten. I shared my peanut butter and jelly sandwich.
I think our basic principle that this is a free market system and that that has worked for us, that it creates innovation and risk taking, I think that's a principle that we've gotta hold to as well. But what I don't wanna do is get bottled up in a lot of ideology and is this conservative or liberal. My interest is finding something that works.
The notion that we would condition Iran not getting nuclear weapons in a verifiable deal on Iran recognizing Israel is really akin to saying that we won't sign a deal unless the nature of the Iranian regime completely transforms. And that is, I think, a fundamental misjudgment.
We're starting to make some progress. But there's still gonna be some pain out there. If I don't have this done in three years, then there's gonna be a one-term proposition.
I do have confidence that we're gonna be able to get it right. But it's not gonna be overnight. And there's no silver bullets to this. The fact of the matter is, is that we are suffering from a massive hangover from a binge of risk taking.
One of the things you learn as president is, as powerful as this office is, you have limited bandwidth. And the time goes by really quickly and you're constantly making choices, and there are pressures on you from all different directions - pressures on your attention, not just pressures from different constituencies. And so you have to be pretty focused about where can you have the biggest, quickest impact.
And we can see the positive impacts right here at Solyndra. Less than a year ago, we were standing on what was an empty lot. But through the Recovery Act, this company received a loan to expand its operations. This new factory is the result of those loans.
If we have a phased redeployment where we're as careful getting out as we were careless getting in, then there's not reason why we shouldn't be able to prevent the wholesale slaughter I think some people have suggested might occur.