Transcript: Speaker Nancy Pelosi Speaks to ABC's Diane Sawyer

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DIANE SAWYER: You have-- I'm going to get my count wrong-- five grandchildren?

NANCY PELOSI: Oh, no, no. Many more.

DIANE SAWYER: (LAUGHS) Many more. Okay. I thought I was going to get my count wrong.

NANCY PELOSI: Yeah, I love my grandchildren. And-- you know, again, as I have to make a decision about what I do next, it certainly weighs in on how-- my-- my real accomplishment in life is being a mom and a grandmother. And--

DIANE SAWYER: Seven grandchildren, we're--

NANCY PELOSI: More. Eight. Eight grandchildren and one step-grandchild.

DIANE SAWYER: All right.

NANCY PELOSI: But--

DIANE SAWYER: How does it weigh in? How does it factor into your decision?

NANCY PELOSI: Well, you know-- it is-- I keep thinking they're going to be able to do all these things with me. And-- they like the idea that I can do things-- for the American people, especially for children. And they always tell me about poor children, and-- and why is it that way? So-- so, we'll have our communica-- our conversation. I-- I'll have a conversation with my caucus, I'll have a conversation with my family, and-- pray over it, and decide how-- to go forward. But today isn't that day. Today is the day to congratulate John Boehner and the Republicans, to speak and listen to my colleagues who are not coming back. To again-- respect the wishes of the American people.

DIANE SAWYER: And what do you say to children and grandchildren about defeat?

NANCY PELOSI: It's part of the game. It's part of the game. You can't get too vested in that you don't understand that one possibility is to win, and sometimes you do. And one possibility is to lose. But what is important is that-- and I say this to my candidates-- the public will decide whether you win or lose the election. But you will decide whether you win the campaign. And how you stick to your values, how you-- present-- the dignity that has drawn you to-- and the values that have drawn you to public service to begin with. And I believe-- that-- that our candidates have won the campaign in terms of who they are, and their commitment to the American people. They may not have won this election.

DIANE SAWYER: The President said he was sad. It was sad. And for you, sad, bruising?

NANCY PELOSI: Well, it's sad in terms of my colleagues who won't be coming back. For me, I'm a professional.

DIANE SAWYER: Never felt it?

NANCY PELOSI: Well, I felt it for my colleagues, I felt it for the American people. Because I do believe that there's a distinction. There was a distinction-- and a clear choice in this election about taking the American people forward, fighting for the middle class, preserving social security, not privatizing it, making it in America, not shipping jobs overseas and getting a tax break for doing so. So, I believe that there was a lot at stake.

DIANE SAWYER: We all have to talk to ourselves in moments when it feels bruised.

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