BARBARA WALTERS: How did you feel when you read about the three heads of the auto companies taking private planes to Washington?
BARACK OBAMA: Well, I thought maybe they're a little tone deaf to what's happening in America right now. And this has been a chronic problem, not just for the auto industry, I mean, we're sort of focused on them. But I think it's been a problem for the captains of industry generally. When people are pulling down hundred million dollar bonuses on Wall Street, and taking enormous risks with other people's money, that indicates a sense that you don't have any perspective on what's happening to ordinary Americans. When the auto makers are getting paid far more than their counterparts at Toyota, or at Honda, and yet they're losing money a lot faster than Japanese auto makers are, that tell me that they're not seeing what's going on out there, and one of the things I hope my presidency helps to usher in is a, a return to an ethic of responsibility.
That if you're placed in a position of power, then you've got responsibilities to your workers. You've got a responsibility to your community. Your share holders. That if -- there's got to be a point where you say, 'You know what, I have enough, and now I'm in this position of responsibility, let me make sure that I'm doing right by people, and, and acting in a way that is responsible.' And that's true, by the way, for members of congress, that's true for the president, that's true for cabinet members, that's true for parents. I want all of us to start thinking a little bit more, not just about what's good for me, but let's start thinking about what's good for our children, what's good for our country. The more we do that, the better off we're going to be.
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WALTERS: You might have a Blackberry?
OBAMA: Well, I'm, I'm negotiating to figure out how can I get information from outside of the ten or 12 people who surround my office in the White House. Because, one of the worst things I think that could happen to a president is losing touch with what people are going through day to day.
More on Wednesday's "Good Morning America" and "World News" and watch "A Barbara Walters Special: Barack and Michelle Obama" Wednesday at 10 p.m. ET
http://abcnews.go.com/Politics/President44/story?id=6329959&page=1