Transcript: George Stephanopoulos' ABC News / Yahoo! News Exclusive Interview With President Obama

PRESIDENT OBAMA: You know, that when all is said and done-- the mark of success is do you have children who are happy and healthy and-- able to go out there and function as responsible-- loving people. And-- so far so good. You know, I-- I think in-- in this business-- as is true for a lot of professionals, I think-- you love your kids, but you always got these distractions and they're always-- things tugging at you. And Michelle very early on-- being that anchor that says, "No, no, you know, if we've got-- a parent/teacher conference--"

GEORGE STEPHANOPOULOS: You're gonna be there.

PRESIDENT OBAMA: "--we're gonna be there." At soccer games. You know, Sasha may say it doesn't matter, but it does. That steady drumbeat-- from Michelle-- was exactly right. And-- it-- it's-- it's part of the reason why, I think-- not only are the kids doing well, but-- it-- it provides me-- just a constant source of joy and-- and sustenance.

GEORGE STEPHANOPOULOS: Four years is a long time in kids' years.

PRESIDENT OBAMA: Yeah.

GEORGE STEPHANOPOULOS: They were pretty little during the-- the last campaign. How do you protect them? This time around, when everybody's saying all these bad things about you?

PRESIDENT OBAMA: You know, so far so good. I mean, partly because-- they don't watch-- they don't watch news. Although, the-- you know, they're starting to read.

GEORGE STEPHANOPOULOS: On the internet, right?

PRESIDENT OBAMA: They-- they're starting to go on the internet. I think that the thing we worry about has less to do with-- them hearing folks say mean stuff about me, which--

GEORGE STEPHANOPOULOS: They don't have to answer them.

PRESIDENT OBAMA: They-- they-- they don't-- they don't-- they know who their daddy is. And-- and they're not worried about that. The thing I do worry about is trying to figure out that balance of making sure they've got space to make mistakes, be teenagers, et cetera. But obviously, they're not-- typical-- in some ways. So they're still having sleepovers. And they're still going to the mall. And they're still going to movies. But they've got this guy with a gun following them around! And-- and-- and so just-- just trying to make sure that that space is maintained. We've been able to do it so far. Our secret service detail is terrific about it. But it-- it's a balance that has to be struck.

GEORGE STEPHANOPOULOS: Finally, since we are on the web here-- live on Yahoo.com, everyone wants to know which-- websites do you surf?

PRESIDENT OBAMA: You know, I'm pretty eclectic. You know, I'll-- you know, I read a lot of newspapers that I used to read in print, I now read on-- on the web.

GEORGE STEPHANOPOULOS: Do you have an iPad or just--

PRESIDENT OBAMA: I-- I've got an iPad. And-- and-- Steve Jobs actually gave it to me-- a little bit early. And-- (LAUGH)

GEORGE STEPHANOPOULOS: Oh, that's pretty cool.

PRESIDENT OBAMA: Yeah, it was cool. I got it directly from him. And-- you know, I go to ABCNews.com, of course, and Yahoo.

GEORGE STEPHANOPOULOS: And Yahoo, too, thank you.

PRESIDENT OBAMA: Of course. But-- you know, typically, my-- I-- I-- I read on the web what I read in hard copy. I mean, there-- there are some exceptions. There are some blogs and some websites that-- that are interesting that-- you don't have--

GEORGE STEPHANOPOULOS: --make a comment.

PRESIDENT OBAMA: I-- you know-- I don't. I-- I figure if I-- if I got started-- I wouldn't stop. And I've got other things to do.

GEORGE STEPHANOPOULOS: Mr. President, thanks for your time.

PRESIDENT OBAMA: I appreciate it. Thank you so much.

GEORGE STEPHANOPOULOS: And thanks to all of you for joining us on Yahoo.com and ABCNews.com. If you missed any of it, you can get it any time on either website. Take care.

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