But regulators have not been doing a terrific job of enforcing those regulations.

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John Kerry is working on this legislation right now, and he's doing a terrific job reaching out across the other side of the aisle because this should not be a partisan issue.

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Sometimes, as is shown by the sad case of Richard Grasso of the New York Stock Exchange, a boss can get canned even after doing a terrific job, if his paycheck is embarrassingly high.

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Her husband, Secretary of Veterans Affairs Eric Shinseki, is doing a terrific job and Patty has become just one of my dearest friends and just always a spot of courage in a sea of work. (Laughter.) So where's Patty?

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And finally I want to commend our new Surgeon General Dr. Benjamin who I finally got to meet. (Laughter.) Three months on the job and we're already making you crazy, right? (Laughter.) But you're doing a terrific job just jumping right in.

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And I know that many of you have had a chance to interact with our Secretary of Education, Arne Duncan, who's doing a terrific job, and I think you understand when you talk to him that this administration is serious about breaking down some of the barriers to reform that have existed in the past.

WHITEHOUSE: President Obama Calls for New Steps to Prepare Children for College and Careers | The White House