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President Obama, buffeted by criticism of his massive health care reform bill and election setbacks, said today he remained determined to tackle health care and other big problems despite the political dangers to his presidency.

‘I’d rather be a really good one-term president than a mediocre two-term president,’ he told ABC’s ‘World News’ anchor Diane Sawyer in an exclusive interview today.

Obama sat down with Sawyer two days before he will deliver a State of the Union speech to a joint session of Congress, and he acknowledged the political setbacks of his first year in office.

The State of the Union will be Obama’s chance to jump start his agenda, but he ducked when Sawyer asked if he could guarantee there would not be a tax increase for anyone making less than $250,000.

‘I can guarantee that the worst thing we could do would be to raise taxes when the economy is still this weak,’ he replied.