Obama on New Yorker Cover: “It’s a Cartoon…I’ve Seen and Heard Worse”

The presumptive Democratic nominee downplays the controversial magazine cover drawing a lot of attention this week in a CNN "Larry King Live" interview.

In his first extended reaction to the cover, Obama dismisses the artwork, saying "that's why we've got the First Amendment," but does note it could keep rumors swirling.

"I do think that, you know, in attempting to satirize something, they probably fueled some misconceptions about me instead. But, you know, that was their editorial judgment."

Read full transcript here.