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Inside Obama’s World: The President talks to TIME about the Changing Nature of American Power

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Inside Obama’s World: The President talks to TIME about the Changing Nature of American Power
In an exclusive interview with TIME's Fareed Zakaria, President Obama opens up on Iran, Afghanistan, China and the challenges the U.S. faces in navigating a rapidly changing world. A full transcript of their conversation follows

Fareed Zakaria: When we talked when you were campaigning for the presidency, I asked you which Administration’s foreign policy you admired. And you said that you looked at George H.W. Bush’s diplomacy, and I took that to mean the pragmatism, the sense of limits, good diplomacy, as you looked upon it favorably. Now that you are President, how has your thinking evolved?
President Obama: It is true that I’ve been complimentary of George H.W. Bush’s foreign policy, and I continue to believe that he managed a very difficult period very effectively. Now that I’ve been in office for three years, I think that I’m always cautious about comparing what we’ve done to what others have done, just because each period is unique. Each set of challenges is unique. But what I can say is that I made a commitment to change the trajectory of American foreign policy in a way that would end the war in Iraq, refocus on defeating our primary enemy, al-Qaeda, strengthen our alliances and our leadership in multilateral fora and restore American leadership in the world. And I think we have accomplished those principal goals.

We still have a lot of work to do, but if you look at the pivot from where we were in 2008 to where we are today, the Iraq war is over, we refocused attention on al-Qaeda, and they are badly wounded. They’re not eliminated, but the defeat not just of [Osama] bin Laden, but most of the top leadership, the tightening noose around their safe havens, the incapacity for them to finance themselves, they are much less capable than they were back in 2008.

Our alliances with NATO, Japan, South Korea, our close military cooperation with countries like Israel have never been stronger. Our participation in multilateral organizations has been extremely effective. In the United Nations, not only do we have a voice, but we have been able to shape an agenda. And in the fastest-growing regions of the world in emerging markets in the Asia Pacific region, just to take one prominent example, countries are once again looking to the United States for leadership.

That’s not the exact same moment as existed post–World War II. It’s an American leadership that recognizes the rise of countries like China and India and Brazil. It’s a U.S. leadership that recognizes our limits in terms of resources, capacity. And yet what I think we’ve been able to establish is a clear belief among other nations that the United States continues to be the one indispensable nation in tackling major international problems..

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