STEPHANOPOULOS: Let me ask you about Pastor Terry Jones. He gave a press conference today. Says he’s going to go through with burning the Korans. Is there anything you can say to him to convince him not to?

OBAMA: If he’s listening, I just hope he understands that what he’s proposing to do is completely contrary to our values of Americans. That this country has been built on the notions of religious freedom and religious tolerance. And as a very practical matter, as commander of chief of the Armed Forces of the United States I just want him to understand that this stunt that he is talking about pulling could greatly endanger our young men and women in uniform who are in Iraq, who are in Afghanistan…

STEPHANOPOULOS:I wonder what this must feel like from behind your desk. You’re President of the United States. You have to deal with the fallout. And he’s a pastor who’s got 30 followers in his church. Does it make you feel helpless or angry?

OBAMA: It, well it is frustrating. Now, on the other hand, we are a government of laws. And so, we have to abide by those laws. And my understanding is that he can be cited for public burning. But that’s the extent of the laws that we have available to us. You know, part of this country’s history is people doing destructive or offensive or harmful things. And yet, we still have to make sure that we’re following the laws. And that’s part of what I love about this country.