12/15/2011 AT 10:50 AM ET
Michelle Obama might think she has the best job in the White House, but President Obama is quick to correct her.
In their only print interview of the holiday season, President Obama and the First Lady tell PEOPLE that Mrs. Obama is far from unhappy in her position.
“The truth – oh, God, I have the best job in the house,” she says, “and I know that very clearly.”
“Except for Bo,” the President adds.
During the chat, which took place in the Map Room of the White House, the President and Mrs. Obama were visited by First Dog Bo, who showed off a jingle-bell collar, prompting the President to roll his eyes.
“I always didn’t like it,” he says. “I’m just saying. Dogs are just like babies. You guys put silly stuff on them and they can’t do anything about it. And if they knew better, they’d be like, ‘Don’t do that!’”
For the full Obama interview and the rest of PEOPLE’s annual roundup of all the hot stars, weddings, splits, babies and news of the year, pick up the special year-end double issue, on newsstands Friday
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