Transcript: Charlie Gibson Interviews President Bush

BUSH: Well, first of all, no one will be more relieved than my mother and dad, because one of the things I learned during his presidency is being the son of the President is a lot tougher than being the President. I mean, it is really agonizing to have somebody you truly love get banged around in the political process. It was hard. And so, no doubt they're going to be relieved to have their boy out of the limelight. And I bet a lot of our friends will be relieved, too.

GIBSON: You're only 62, though.

BUSH: Right.

GIBSON: Is there one more deal in you? Is there one more thing you really want to achieve?

BUSH: That's an interesting question. I'm confident -- look, first of all, you don't get to be President unless you're a "Type A" personality who's driven to do things. And I am confident I'll be driven to do something; I just can't tell you what it is yet.

Steve Hadley and I were sitting around -- he's the National Security Advisor -- sitting around; I said, wouldn't it be interesting for baby boomers not to retire in nice places, but to retire -- during their retirement, go help people deal with malaria or AIDS. In other words -- and I'm not suggesting that's what I'm going to do, but it is the kind of thing that intrigues me.

But I, frankly, Charlie, haven't had time to figure it out yet. But I will. I mean, look, I'm going to have a lot of time to think. My day is going to go from getting up early-early, and being at the Oval Office at 6:45 a.m., and having a lot to do when you get there, to waking up at 6:45 a.m., getting Momma the coffee -- (laughter) -- and kind of wandering around trying -- what's next, boss?

GIBSON: How about you? One thing you want to do after you leave?

MRS. BUSH: Well, I want to keep working on a lot of the things I've worked on, but obviously, from another -- not from the government side, not from the inside side. But there are plenty of things for everybody to do, and there are lots of ways to serve. And we'll figure out those other ways to serve.

BUSH: This institute is going to be an interesting place, a public policy forum. It will be -- it's non-partisan. It's not going to be George Bush's wonderful place. It's going to be a place where smart people come and debate issues and talk about issues. But it will also be a launching pad for a variety of projects. I mean, I could conceivably help organize people going to volunteer on the President's Malaria Initiative, for example. I keep talking about malaria, because it happens to be the type of initiative where it is easy to plug in volunteers.

GIBSON: You've called on former Presidents to fill various roles -- your Dad obviously, President Clinton. Is there one area that you think you can really be helpful to President Obama, President-Elect Obama, soon to be President Obama?

BUSH: Yes, that's right. I don't know, Charlie. Obviously, one of my parting words to him will be: If I can help you, let me know. The interesting thing about being President, though, is that these issues come so hard and so fast, that you really do rely upon the people that are close to you, because they've got the latest information, they've got the latest intelligence, they're people whose judgment you trust. Obviously, you reach out beyond the White House, but the decision-making is -- ends up being with a trusted group of people.

GIBSON: Is the President too much in a bubble?

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