President Obama's news conference -- full text

You know, when I first started this race, Iraq was a central issue, but the economy appeared on the surface to still be relatively strong. There were underlying problems that I was seeing with health care for families and our education system and college affordability and so forth, but obviously, I didn't anticipate the worst economic crisis since the Great Depression.

And so, you know, the typical president, I think, has two or three big problems. We've got seven or eight big problems. And so we've had to move very quickly and I'm very proud of my team for the fact that we've been able to keep our commitments to the American people, to bring about change, while at the same time managing a whole host of issues that had come up that weren't necessarily envisioned a year-and-a-half ago.

Troubled? I'd say less troubled, but, you know, sobered by the fact that change in Washington comes slow. That there is still a certain quotient of political posturing and bickering that takes place even when we're in the middle of really big crises.

I would like to think that everybody would say, You know what? Let's take a time-out on some of the political games, focus our attention for at least this year, and then we can start running for something next year. And that hasn't happened as much as I would have liked.

Enchanted? Enchanted. I will tell you that when I — when I meet our servicemen and -women, enchanted is probably not the word I would use. But I am so profoundly impressed and grateful to them for what they do. They're really good at their job. They are willing to make extraordinary sacrifices on our behalf. They do so without complaint. They are fiercely loyal to this country.

And, you know, the more I interact with our servicemen and -women, from the top brass down to the lowliest private, I'm just — I'm grateful to them.

Humbled by the — humbled by the fact that the presidency is extraordinarily powerful, but we are just part of a much broader tapestry of American life, and there are a lot of different power centers. And so I can't just press a button and suddenly have the bankers do exactly what I want or, you know, turn on a switch and suddenly, you know, Congress falls in line.

And so, you know, what you do is to — is to make your best arguments, listen hard to what other people have to say, and coax folks in the right direction.

This metaphor has been used before, but the ship of state is an ocean liner. It's not a speedboat. And so the way we are constantly thinking about this issue, of how to bring about the changes that the American people need, is to — is to say, if we can move this big battleship a few degrees in a different direction, you may not see all the consequences of that change a week from now or three months from now, but 10 years from now or 20 years from now, our kids will be able to look back and say, that was when we started getting serious about clean energy. That's when health care started to become more efficient and affordable. That's when we became serious about raising our standards in education.

And — and so I — I have a much longer time horizon than I think you do when you're a candidate or if you're listening, I think, to the media reportage on a day-to-day basis.

And I'm humbled, last, by the American people who have shown extraordinary patience and I think a recognition that we're not going to solve all of these problems overnight.

OK. Lori Montenegro?

Q: Thank you, Mr. President. Mr. President, when you met with the Hispanic Caucus a few weeks ago, reports came out that the White House was planning to have a forum to talk about immigration and bring it to the forefront.

Going forward, my question is, what is your strategy to try to have immigration reform? And are you still on the same timetable to have it accomplished in the first year of your presidency?

And, also, I'd like to know if you're going to reach out to Sen. John McCain, who is Republican and in the past has favored immigration reform?

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