Part one here.
10:42 AM PT: On energy policy, President Obama says we need to reduce our overall dependence on oil, noting that overall, imports now account for less than half our oil consumption. On the question of why he hasn't visited Israel, he points out that he has visited twice, and that the U.S. has Israel's back unequivocally.
10:44 AM PT: On the Limbaugh question, he doesn't speculate on what was in Limbaugh's heart or on the political ramifications, but says: "All decent folks can agree that the remarks that were made don't have any place in the public discourse. The reason I called Ms. Fluke is that I thought about Malia and Sasha and [...] I want them to be able to speak out in a civil and thoughtful way, and I don't want them attacked or called horrible names because they are being good citizens. I wanted Sandra to know that I thought her parents should be proud of her. And that we want to send a message to all of our young people [...] and we want you to be engaged."
10:46 AM PT: CNN's Jessica Yellin: Do you think there's a war on women (as DCCC has claimed). Obama: Women will make their own determination who to vote for—on a range of of issues, things like the economy and the education. "I believe Democrats have a better story to tell to women about how we're going to solidify the middle class, grow the economy, make sure everybody has a fair shot, and make sure that everybody does their fair share."
10:49 AM PT: On immigration: "Every American should want immigration reform. We've got a system that's broken. [...] Millions of families living in the shadows worried about deportation. [...] Workers worried about being undercut by [those here illegally] [...] We can be a nation of laws and a nation of immigrants. It's not just a Hispanic issue. It's an American issue." Why hasn't reform happened? "What used to be a bipartisan issue became a partisan one. [...] My hope is that after this election the Latino community will have sent a message that they want bipartisan" progress.
10:51 AM PT: And how will that bipartisan solution come about? "I can't vote for Republicans. They're going to have to come to the conclusion that this is good for the country."
10:51 AM PT: Question: "What would you like to say to Mr. Romney?" Obama: "Good luck tonight." Question: "No really?" Obama: "Really."
10:57 AM PT: Final two questions are about NATO/G8 summit. First question is about Chicago security. Yawn. Second question is about transition plans for withdrawing from Afghanistan. Obama reaffirms that the plan is to get out by 2014. "What we are now going to be doing ... is to make sure that that transition is not a cliff, but that there are benchmarks along the way ... so that it is gradual." "Yes the situation with the Koran burning concerns me. It's an indication of the challenges in that environment and that now is the time to transition. Obviously the violence directed at our troops is unacceptable." Obama again reaffirms draw down plans but says "There are going to bumps" on the road.
10:59 AM PT: Obama closes by offering condolences to the family of Rep. Donald Payne of New Jersey, who died earlier today at 77.
11:01 AM PT: Sarah Palin was watching, apparently:
Pres. Obama, where does personal responsibility come into play? And how much will this new, unauthorized mortgage bailout cost taxpayers?
— @SarahPalinUSA via web
Of course, she said if we didn't pass TARP we'd be looking at a great depression, so I guess that means she's for bank bailouts but against what she (incorrectly) sees as homeowner bailouts.