QUESTION: Who's your favourite Basketball player?
OBAMA: Jordan - I'm a Bulls guy.
QUESTION: How are you going help small businesses in 2013 and 2014? and what if any bills are you going to implement for small businesses, in 2013, and 2014?
OBAMA: We've really focused on this since I came into office - 18 tax cuts for small business, easier funding from the SBA. Going forward, I want to keep taxes low for the 98 percent of small businesses that have $250,000 or less in income, make it easier for small business to access financing, and expand their opportunities to export. And we will be implementing the Jobs Act bill that I signed that will make it easier for startups to access crowd-funding and reduce their tax burden at the start-up stage.
QUESTION: What is the first thing you'll do on November 7th, win or lose?
OBAMA: Win or lose, I'll be thanking everybody who is working so hard - especially all the volunteers in field offices all across the country, and the amazing young people in our campaign offices.
QUESTION: What was the most difficult decision that you had to make during this term?
OBAMA: The decision to surge our forces in afghanistan. Any time you send our brave men and women into battle, you know that not everyone will come home safely, and that necessarily weighs heavily on you. The decision did help us blunt the taliban's momentum, and is allowing us to transition to afghan lead - so we will have recovered that surge at the end of this month, and will end the war at the end of 2014. But knowing of the heroes that have fallen is something you never forget.
QUESTION: What are you going to do to end the corrupting influence of money in politics during your second term?
OBAMA: Money has always been a factor in politics, but we are seeing something new in the no-holds barred flow of seven and eight figure checks, most undisclosed, into super-PACs; they fundamentally threaten to overwhelm the political process over the long run and drown out the voices of ordinary citizens. We need to start with passing the Disclose Act that is already written and been sponsored in Congress - to at least force disclosure of who is giving to who. We should also pass legislation prohibiting the bundling of campaign contributions from lobbyists. Over the longer term, I think we need to seriously consider mobilizing a constitutional amendment process to overturn Citizens United (assuming the Supreme Court doesn't revisit it). Even if the amendment process falls short, it can shine a spotlight of the super-PAC phenomenon and help apply pressure for change.
QUESTION: What's the recipe for the White House's beer?
OBAMA: It will be out soon! I can tell from first hand experience, it is tasty.
QUESTION: I am recent law school graduate. Despite graduating from a top school, I find myself unemployed with a large student loan debt burden. While I'm sure my immediate prospects will improve in time, it's difficult to be optimistic about the future knowing that my ability to live a productive life -- to have a fulfilling career, to buy a house, to someday raise a family -- is hampered by my debt and the bleak economic outlook for young people. I know that I'm not alone in feeling this way. Many of us are demoralized. Your 2008 campaign was successful in large part due to the efforts of younger demographics. We worked for you, we campaigned for you, and we turned out in record numbers to vote for you. What can I say to encourage those in similar situations as I am to show up again in November? What hope can you offer us for your second term?