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Obama: Racism is no excuse for not excelling

CBSTV Videos 2:46 mins

As a young man, "Sometimes I wrote off my own failings as just another example of the world trying to keep a black man down," said President Obama during a commencement address at Morehouse College in Atlanta, "but one of the things you've learned over the last four years is that there's no longer any room for excuses."

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