Kroft: I mean, you were really talking about income inequality, which suggests redistribution of wealth.
Obama: I’m gonna interrupt you there, Steve.
Kroft: There are gonna be people who say, ‘This is the socialist Obama and he’s come out of the closet.’
Obama: Look, the– everybody’s at– concerned about inequality. Those folks in there, who were listenin’ to the speech, those are teachers and small business people, and probably some small town bankers, who are in there thinking to themselves, ‘How is it that I, we’re workin’ so hard,’ and meanwhile, they know that corporate profits are at a record level, that a lot of folks are doin’ very well. What’s happened to the bargain? What’s happened to the American deal that says, you know, we are focused on building a strong middle class?
Kroft: This is the class warfare you have been accused of by the Republicans?
Obama: Look, the problem is, is that our politics has gotten to the point, where we can’t have an honest conversation about the greatest income inequality since the 1920s. And we can’t have an honest conversation about the irresponsibility that resulted in the worst financial crisis since the Great Depression, without somebody sayin’ that somehow we’re bein’ divisive. No, we’re bein’ honest about what happened and we’ve gotta be honest about how we move forward.
Kroft: Isn’t it your job as president to find solutions to these problems, to get results, to figure out a way to get it done?
Obama: It is my job to put forward a vision of the country that benefits the vast majority of Americans. It is my job to make sure that my party is behind those initiatives, even if sometimes it’s breakin’ some china and goin’ against some of the dogmas of our party in the past. We’ve done that on things like education reform. And it’s my job to rally the American people around that vision.
Watch Video of President Barack Obama‘s 60 Minute Interview: