Transcript: Barbara Walters Interviews the Obamas

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PRESIDENT BARACK OBAMA: Let's see, what time is it?

BARBARA WALTERS: Mr. President, you pray.

PRESIDENT BARACK OBAMA: I do.

BARBARA WALTERS: Every day?

PRESIDENT BARACK OBAMA: Every night.

BARBARA WALTERS: Read the bible?

PRESIDENT BARACK OBAMA: Yes.

BARBARA WALTERS: Why do you think it is that so many people think you're a Muslim and…why is there that confusion?

PRESIDENT BARACK OBAMA: Well, you know, the internet has a powerful effect, these days. And so you know, the way rumors can take on a life of their own ends up being very powerful. But, you know, the, the thing obviously that's important to me is what I believe, and you know, and Michelle and I, you know, have not only, you know, benefited from our prayer life, but I think the girls have too. We, we say grace before we have dinner every night, we take turns. It's interesting listening to the girls, what they pray for, 'cause they…

FIRST LADY MICHELLE OBAMA: Mm-hmm.

BARBARA WALTERS: What do they pray for?

PRESIDENT BARACK OBAMA: Well, you know, they'll talk about family and, you know, thank, thanking God for…

PRESIDENT BARACK OBAMA: …Blessing us, but they'll always add a little twist, you know. I hope we have a great Thanksgiving, I can't wait to see the cousins, or…

FIRST LADY MICHELLE OBAMA: Mm-hmm.

PRESIDENT BARACK OBAMA: They used to pray for a dog, until we got a dog. They've always got their little twists and variations.

FIRST LADY MICHELLE OBAMA: But in the end, we always say, we hope we live long and strong.

PRESIDENT BARACK OBAMA: Long and strong. And then that we give back.

******

BARBARA WALTERS: You have a children's book out.

PRESIDENT BARACK OBAMA: We do!

BARBARA WALTERS: Which it just so happens I have.

PRESIDENT BARACK OBAMA: Yes. Just happen to have it.

BARBARA WALTERS: When the heck did you write a children's book?...In your spare time?

PRESIDENT BARACK OBAMA: You know, I actually wrote this before I was…sworn in.

The book, released last week, is called "Of Thee I Sing, Letters to My Daughters." It contains lessons Mr. Obama drew from some meaningful American lives.

PRESIDENT BARACK OBAMA: All the proceeds are going to the children of those who've fallen in wars in Iraq and Afghanistan. It's a nice way for us to make a contribution to military families who make so many sacrifices each and every day, on our behalf.

BARBARA WALTERS: You know, when we've been together, I have asked you about, something you do at dinner, most nights, and that is, you describe the rose -- the good things that happen -- and the thorn.

PRESIDENT BARACK OBAMA: Right.

BARBARA WALTERS: So this Thanksgiving, look back. What's been rose, and what's been the thorn?

PRESIDENT BARACK OBAMA: Well, I've got a lot of roses. My family's happy and healthy, and they're doing wonderfully. Now, on the thorn side…

BARBARA WALTERS: The Republicans.

PRESIDENT BARACK OBAMA : No, you know, the fact that we haven't been able to make a bigger dent in unemployment during the course of this year. And that's something that, you know, will keep poking me, until, until we solve it.

BARBARA WALTERS: Mrs. Obama, the rose, the thorn?

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