. ♪ ♪ ♪ ♪ ♪ ♪ >>> as white house senior adviser and longtime friend to president obama, valerie jaretscoop on the president's strategy for the next two years. we went to washington, d.c., for this exclusive interview. ♪ ♪ ♪ >>> thank you so much for spending some time with us. >> my pleasure. >> it's no secret that in the last year and a half the obama administration has taken a few hits. >> it's been challenging. it has been challenging times in which he is the president, that's true. >> absolutely. in 2010, the midterm elections democrats took a big hit -- >> schlacking to use his words. >> losing the house and losing leverage in the senate and so forth. how do you make sense of that kind of a loss? >> well, look. . the fact of the matter is our country has been through an extremely devastating economic time and there wasn't a family in our country that wasn't touched by the recession, worst recession in our life time and that's the circumstance in which the president walked into office and he had to deal with the hand he was dealt and he took it on, head-on and he did everything wi