Kroft: "You're sitting here. And you're -- you are laughing. You are laughing about some of these problems. Are people going to look at this and say, 'I mean, he's sitting there just making jokes about money --' How do you deal with -- I mean, wh -- explain."

Obama: "Well --

Kroft: " -- the mood and your laughter."

Obama: "Yeah, I mean, there's got to be --"

Kroft: "Are you punch drunk?"

Obama: "No, no. There's gotta be a little gallows humor to get you through the day. You know, sometimes my team -- talks about the fact that if -- if you had said to us a year ago that -- the least of my problems would be Iraq, which is still a pretty serious problem -- I don't think anybody would have believed it. But -- but we've got a lot on our plate. And -- a lot of difficult decisions that we're going to have to make."

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