A glimpse into the rich inner lives of Mr. and Mrs. Scrooge McDuck

ANN ROMNEY: It was a crushing disappointment. Not for us. Our lives are going to be fine. It's for the country.

WALLACE: Is it true you began to cry?

ANN ROMNEY: I did, of course. Yes. Very disappointed.

WALLACE: Cry for what?

ANN ROMNEY: Cry -- it's not -- again, is not sorrow for, oh, my gosh, you know, our lives are, you know, this dream -- the dream was to make a difference. The dream was to serve.

WALLACE: Governor, we begin to see random pictures of you, pumping your own gas with your hair messed up; hugging Ann in the kitchen, hanging out with the kids at Disneyland. Did you have a plan? Or were you just trying to get through the day?

MITT ROMNEY: No, we were just living our life. And obviously people would see us in various places, either walking along the beach or, in this case, getting gas for the car. And they'd take out their cell phones and take a picture. None of those were done by professional photographers or I might have, you know, combed my hair, seen them coming.

WALLACE: Mrs. Romney, as we sit here right now, have you gotten over the defeat? Or is that going to take more time?

ANN ROMNEY: I think it takes time. I think I'm mostly -- you know, the great "Princess Bride" line, "mostly dead."

WALLACE: A week after the election, Governor, you had a conference call with top donors, in which you said that -- you blamed your defeat on the president giving away things.

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MITT ROMNEY: It's a proven political strategy which is, you have a bunch of money from the government to a group and, guess what, they'll vote for you.

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WALLACE: To some people, it sounded like the remark you made in your campaign about 47 percent of Americans looking for handouts.

MITT ROMNEY: The president had the power of incumbency. ObamaCare was very attractive, particularly to those without health insurance. And they came out in large numbers to vote. So that was part of a successful campaign.

ANN ROMNEY: I'm not biased! And, you know, and he -- I mean, he really is a selfless person that really, truly cared about the American people. He truly cares about making a difference and about helping others. And for him to be portrayed in a very negative light in another way was very hard.

He has enormous skill set in dealing with difficult issues and I totally believe at this moment if Mitt were there in the office, that we would not be facing sequestration right now.

MITT ROMNEY: We took them to Disneyland. We took them snow skiing.

And then our son -- sons Matt and Craig live close to an open space area. We throw the ball for the dogs, we play sports with the kids. They like kicking balls, hitting baseballs. You know, we do the things that grandparents are expected to do with grandkids.

MITT ROMNEY: And -- and I won't get a third chance. I'm not doing it again.

The weakness that our campaign had and that I had is we weren't effective in taking my message primarily to minority voters, to Hispanic-Americans, African-Americans, other minorities. That was a real weakness.

We did very well with the majority population, but not with minority populations. And that was a -- that was a failing. That was a real mistake.

WALLACE: Why do you think that was?

MITT ROMNEY: Well, I think the ObamaCare attractiveness and feature was something we underestimated in a -- particularly among lower incomes. And we just didn't do as -- as good a job at connecting with that audience as we should have.

 MITT ROMNEY: But -- of course. But among those ideas, clearly, we have to do a better job bringing minority voters in to vote for Republicans and that's Hispanic-Americans, African-Americans, other minorities. We've got to do a better job taking our message to them to help them understand why we're the party with the ideas that will make their life better.