I love being a father. I think there’s a great lie that we tell kids that pleasure creates happiness. Young people think: “Oh, if I get this, I’ll be happy.” But in a lot of ways it’s meeting your responsibilities that makes you happy. For me, I’ve just found that feeling like I’ve done a good job with the kids is a real source of happiness for me.

Boy, being a parent is a hard job, I think, because in parenting you want your kids to like you. Too much sometimes. It’s a hard line to find between doing what’s necessary to give them the tools to be good kids and make good decisions and all that, versus just completely not giving them a chance to accomplish anything because you do everything for them. I kind of feel like it’s okay if these kids go out and make a few mistakes, because they’re going to learn. The last ten years have been interesting, because I’m a stepparent to three kids, and I’m a father to two kids, an older and a younger. And it’s a real interesting dynamic.

I think it’s more modeling. I never bring in my children and say, “Listen, these are the values you should follow in life.” I think it’s a modeling by my wife and me. I think we give them a good life. They saw how we go through life: a difficult time, a hard time, good time. I am very happy. I think they are good kids. If I have hope, it’s because I look at my children.

My greatest joy as a father is to see our children growing up and growing independent, and becoming brilliant ... But also every now and then needing me for something and remembering where I can fit into the world. And one of the great joys you realize is that you need them ... You work for their smile. You work for their joy.

If you ask me where has been the one area where I feel that I've been most frustrated and most stymied it is the fact that the United States of America is the one advanced nation on earth in which we do not have sufficient common-sense, gun-safety laws. Even in the face of repeated mass killings. … And for us not to be able to resolve that issue has been something that is distressing. But it is not something that I intend to stop working on in the remaining 18 months.

The thing actually that I most dislike is cruelty. I can't stand cruel people. And if I see people doing something mean to somebody else, just to make themselves feel important it really gets me mad.

And democracy requires compromise, even when you are 100 percent right. This is hard to explain sometimes. You can be completely right, and you still are going to have to engage folks who disagree with you. If you think that the only way forward is to be as uncompromising as possible, you will feel good about yourself, you will enjoy a certain moral purity, but you're not going to get what you want.

People ask me sometimes, who inspires you, Mr. President? Those quiet heroes all across this country -- some of your parents and grandparents who are sitting here -- no fanfare, no articles written about them, they just persevere. They just do their jobs. They meet their responsibilities. They don't quit. I'm only here because of them. They may not have set out to change the world, but in small, important ways, they did. They certainly changed mine.

Sometimes I wrote off my own failings as just another example of the world trying to keep a black man down. I had a tendency sometimes to make excuses for me not doing the right thing.

Part of what separates us from the other creatures on earth is that we make up stories. We are storytellers. And we can tell bad stories and we can tell good stories. We can tell stories that lead to division and hate and war. Or we can tell stories that lead to cooperation and peace and progress.