PRESIDENT OBAMA IN INFORMAL CONVERSATION WITH COLLEGE STUDENTS EXPLAINS HIS PHILOSOPHY OF GOVERNING

THE LAST WORD, MSNBC, July 18, 2011--Lawrence O'Donnell explains government debt ceiling crisis. He shows a fascinating clip of President Obama talking to a group of college students about his philosophy of government. Here is an in-depth look at the intelligence and sophistication of a deep political thinker.

The President explains how compromise over practical issues need not betray moral principles and eventually wins the day.

The clip starts at about 2:40.