"Number one. Malia and Sasha, for whatever reasons – and I think Michelle gets the lion's share of the credit – are right now just wonderful kids. They're smart, they're funny. But most importantly, they're kind, they're respectful, they're responsible, they're well-behaved. I could not ask for better kids. And so, I'm not anticipating complete mayhem for the next four, five years," he said.
He jokingly added: "I should also point out that I have men with guns that surround them often … ," adding that that security was "a great incentive" for running for re-election.
Any potential future boyfriends might want to take note.
"I might invite him over to the Oval Office," Obama said of any boys who could be in the girls' future, "ask him for his GPA. Find out what his intentions are, in terms of career.
He added: "Malia, Sasha, if you're watching this, I'm just joking."
Brees wanted to know how the president balanced his responsibilities with being a family man.
Obama said that he has struggled with that balance throughout his career, but said he and his wife make sure that they set aside time every day for the family.
"As president, I have this huge advantage. I live over the store. At 6:30, no matter how busy I am, unless there was an actual national emergency, at 6:30, I'm up and I'm having dinner with the kids. And we're sitting around that dinner table. And so, for an hour to an hour and a half, my only focus is them."
Spending time with his daughters is important to the president, who was raised without his own father.
While the first lady had what the president describes as a "Leave It to Beaver" upbringing -- in a traditional family unit -- Obama was raised by his mother, Ann Dunham, with help from her parents.
Despite those differences, he and his wife have the same values with respect to parenthood, he said.
"She comes at it base on what she had. I probably come at it based on, to some degree, what I didn't have. Although … the love, the attention, the unconditional interest in a child, I got from my mother. And I got from my grandparents," he said.
"A lot of my parenting skills come from thinking about, you know, what would my mom do in this situation? But obviously it's a little different from me, not having had a father. And you know, some of that stuff I had to learn on my own," he said.
For him, being a father is "a combination of complete and total affection and devotion to that child, but also structure and limits and understanding that your child isn't your friend, at least when they're young. You're the parent. And you've got to set limits for them. And provide structure for them. And say 'no' to them. And tell them when they're wrong and tell them when … some things are more important than other things. And imparting values. You know, my mother was pretty good about that."
It was only later in his life that Obama realized that some important interests in his life were due to the influence of his father, the late Barack Obama Sr.
"You know, he gave me my first basketball," said the president, who plays basketball regularly. "He took me to a Dave Brubeck concert. And suddenly, you know, shortly thereafter, magically, surprisingly enough, I was interested in jazz."
Basketball star Wade, who has full custody of his two sons, asked if Obama had any advice for single dads.