ANN COMPTON: If you are elected, you've made a lot of campaign promises; you can't keep most of those. Maybe not even if you had a rubber stamp Democratic Congress. Can you?

BARACK OBAMA: Well, I think that we are not going to get everything done all at once, because of this financial crisis that's going to require a lot of attention, a lot of resources.

Not just money, but staff time thinking about how do we right the ship. And so, it means that some priorities may get deferred but the core commitments that I've made in this campaign — changing the tax code so that middle class families are getting more of a break, initiating the kind of investment in clean energy that we have to have to deal not only with the economy and climate change and our national security, making sure that our health care system is controlling costs and providing better care for people, improving our education system — those four domestic items will get done.

COMPTON: The first year?

OBAMA: Well, we will start working on them in our first year. We will have progress on all fronts by the end of my first term.