Transcript: Diane Sawyer Interviews New Jersey Gov. Chris Christie

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CHRIS CHRISTIE: Well, listen, it's part of, you know, what we do. And we're from New Jersey. And when you're from New Jersey, what that means is you give as good as you get. And so, you know, being CC'd means that, you know, if somebody wants to take a shot, I'm gonna take a shot right back. And they're gonna hear it direct and blunt and straight. And I think people appreciate that.

DIANE SAWYER: Have you seen the little boy who wants to be governor?

CHRIS CHRISTIE: Yeah, I'm gonna-- In fact, I'm seeing him later today.

DIANE SAWYER: You're seeing him?

CHRIS CHRISTIE: Yeah, he's coming. He's coming to the statehouse later today. He wants to be governor. I'm gonna give him a shot. (laughs)

DIANE SAWYER: He may give it to you as good as he gets.

CHRIS CHRISTIE: Well, I have no doubt from watching that video that he will give it to me as good as I give it.

DIANE SAWYER: He may just say, "It's time, step aside."

CHRIS CHRISTIE: Well listen, if he does -- he makes a good case -- I'll let him sit in the chair and see what he can do.

DIANE SAWYER: All right. A couple of national questions if I can. I was scooped in the eighth grade, of course, by the question [asked earlier in the day by a New Jersey student], but you're still saying categorically not running 2012?

CHRIS CHRISTIE: No, I'm not running for president.

DIANE SAWYER: Categorically, not running?

CHRIS CHRISTIE: Yeah, I mean, I don't know how else to put it, Diane. I mean, the answer is no. I'm not doing it.

DIANE SAWYER: Why not? If you see things falling apart, most people have the impulse to go in and try to save the situation.

CHRIS CHRISTIE: A good way to put it: You don't make a decision to run for president of the United States based on impulse. I don't feel ready in my heart to be president. And unless I do, I don't have any right offering myself to the people of this country. It's much too big a job. And so you have to first feel in your heart that you're ready and that you want it more than anything else.

And I don't feel that so I don't want to, you know, participate in the vanity exercise just because people ask me to do it or because people say, "You could win." Well, that's not the point. The point is: Could I do the job and do I want to do the job? And right now, this is the job I want to do.

DIANE SAWYER: And if Mitt Romney becomes president, that's great with you?

CHRIS CHRISTIE: Well, listen, we have a number of candidates who are good. I'm not gonna focus on any one in particular. There's a number of them. I don't even know if we know the complete field yet. So let's-- So who's-- Who's in the field?

DIANE SAWYER: If Donald Trump is president, is that great with you?

CHRIS CHRISTIE: Oh, Donald's a really good friend of mine. I don't know that Donald really wants to be president. I mean--

DIANE SAWYER: Does he want to be the Republican nominee?

CHRIS CHRISTIE: I don't even know that he wants that in particular. Listen, I-- I--

DIANE SAWYER: Have you asked him? Did he tell you?

CHRIS CHRISTIE: We've spoken about it, and all I can say to you is that, you know, I'll believe it when I see it. I have great respect for Donald and he's a friend. He and Melania are friends of mine and Mary Pat's. But, you know, Donald's very good.

DIANE SAWYER: Think it's a stunt?

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