Full Transcript: ABC News Iowa Republican Debate

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MICHELE BACHMANN: Well you'd have to go back to 1993 when Newt first advocated for the individual mandate in healthcare, and as recently as May of this year, he was still advocating for the individual mandate in healthcare. And Governor Romney sent his team to the White House to meet with President Obama to teach them how to spread the RomneyCare model across the nation. That's why I say, Newt/Romney, you've got to have our nominee as someone who is a stark, distinct difference with President Obama.

Who can go toe to toe and hold him accountable. President Obama knows me in Washington D.C. I've taken him on on issue after issue. Our nominee has to be willing to not agree with Barack Obama the-- on these issues, but stand 180° opposite of all the candidates on this stage I've been fighting President Obama for every year that I've been there, and I've taken him on. And I will take him on in the debate and defeat him.

GEORGE STEPHANOPOULOS: Governor Romney. (APPLAUSE)

MITT ROMNEY: I know Newt Gingrich. And Newt Gingrich is a friend of mine. But, he and I are not clones, I promise. (LAUGH) That-- that is not the case. So this Newt Gingrich thing, we gotta get that out of our mind altogether-- Newt and Romney thing, sorry. Let-- let me say this about-- about health care. One, I didn't send a team of anybody to meet with Barack Obama. I wish he'd have given me a call. I wish when he was putting together his health care plan, he'd have had the courtesy and-- and perhaps the judgment to say, "Let me-- let me talk to a governor. Let's talk to somebody who's dealt with a real problem that-- that understands this topic," and get on the phone.

I'd have said (BACKGROUND VOICE), "Mr. President, you're going down a very, very bad path. Do not continue going down that path because what you're gonna do is you're gonna raise taxes on the American people. You're gonna cut Medicare. Let's not forget, only one president has ever cut Medicare for seniors in this country, and it's Barack Obama. We're gonna remind him of that time and time again.

And finally, the plan we put in place in Massachusetts, it deals with the 8% of our people who didn't have insurance. The 92% of people who did have insurance, nothing changes for them. If I'm President of the United States, we're gonna get rid of ObamaCare and return, under our constitution, the 10th Amendment, the responsibility and care of health care to the people in the states.

GEORGE STEPHANOPOULOS: I wanna bring Governor Perry-- (APPLAUSE) you've heard this argument, I wonder which side you come down on.

RICK PERRY: Yeah, well, I-- I'm-- I'm stunned, 'cause-- the fact of the matter is, you know, Michele kinda hit the nail on the head when we talked about the individual mandate. Both of these gentlemen have been for the-- individual mandate. And I'm even more stunned, Mitt, that you said you wished you could've talked to Obama and said-- "You're goin' down the wrong path," because that is exactly the path that you've taken Massachusetts. The Beacon Hill study itself said that there's been 18,000 jobs lost because of that individual mandate.

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