He's already preparing for defeat. Obama: My family would be fine with just 1 term 6/14/11 WASHINGTON â President Barack Obama says his wife and daughters aren't "invested" in him being president and would have been fine had he decided against running for re-election. But he says they believe in what he's doing for the country. Asked about his family's reaction to his wanting another term, Obama said: "Michelle and the kids are wonderful in that if I said, `You know, guys, I want to do something different,' They'd be fine. They're not invested in daddy being president or my husband being president." He says first lady Michelle Obama would be the first one to encourage him to do something "a little less stressful" if she no longer thought that what they were doing was worthwhile for the country. Obama's interview aired Tuesday on NBC's "Today" show.