Transcript: White House Senior Advisor David Plouffe

CAMERON: No, I don't think it could. There were countries like Britain and France that were prepared to step forward and ask their brave service personnel to fly missions over Libya, to drop bombs on Gadhafi's tanks, and to stop his war machine in its tracks.

AMANPOUR: How do you prevent Libya from becoming Iraq?

CAMERON: From everything I've seen of the National Transitional Council, they want to be national and transitional. They don't want to descend into tribalism or extreme Islamism.

Second point, this isn't Iraq, partly because the Libyans have done this largely themselves. You don't have the vacuum that was there in Iraq that led to such a -- such a problem.

AMANPOUR: Gadhafi, he's still there. He's leading some kind of insurgency. What do you think's going to happen to him?

CAMERON: I think strategically it is over for the Gadhafi regime. Obviously, what I want to see is Gadhafi brought to trial, perhaps in his own country to start with, but the ICC rules are there, as well -- so that he faces up to the crimes that he committed against his people.

AMANPOUR: Let's switch to the economy and to what we all saw in England during August, the riots on the street.

CAMERON: Well, first of all, I don't think it was in any way linked to the economy. These were not protests. They were not political arguments. They weren't political demonstrations. It was, quite simply, looting. It was criminality.

AMANPOUR: You've instituted austerity measures. The economic growth is not there. People are saying now, as they look at austerity, that perhaps your governments are focusing on the wrong thing and that it should be about growth and employment. What do you say to that?

CAMERON: Well, we obviously need growth and employment in our country. And actually, the British economy has grown this year. We have created jobs since the election, particularly jobs in the private sector.

But the key point is this: You have to remember that Britain was forecast to have a bigger budget deficit than Greece. It was forecast to have the biggest budget deficit in the whole of the G-20. If we haven't got on top of our deficit and shown the world we had a plan to make our economy pay properly for itself, then we would have seen interest rates go up, we would have seen confidence sapped out of our economy.

You can see in other parts of Europe where exactly that has happened. We have to understand, this is a debt crisis. It's not a traditional cyclical recession, where you just turn on the money taps. You've got to deal with the debts. You've got to show the world you can pay for your debts, as well as having a very strong growth strategy.

AMANPOUR: Another huge spotlight on England over the summer was the Rupert Murdoch-News Corp-News of the World phone-hacking, and you were front-and-center in parliament talking about that. Has, as you said, James Murdoch still got questions to answer about this? And, secondly, do you believe this is the end of the cozy relationship that's existed between your government and previous governments and the Murdoch empire?

CAMERON: Basically, the answer to both is -- is yes.

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