'This Week' Transcript: 2011 Year in Review

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It's going to be a major factor in the election going forward. They will demonize Paul Ryan. He gave the Democrats something to really portray as the enemy. But I think Paul Ryan.

AMANPOUR: Do you think -- and, of course, we actually saw our own George Will and Paul Ryan debating these very important issues last week on "The Great American Debate." Do you -- can I get you all to predict who will be, this time next year, preparing his inaugural address?

George?

WILL: All the numbers say the president won't be. But if the president carries the John Kerry states, he has 245 electoral votes. He needs 25 more. Don't count the president out.

ROBERTS: I think probably at this time next year it, would be Barack Obama.

GILLESPIE: Well, I obviously disagree with that. I'm not sure I'm neutral in the Republican Party primary, but like I say, whomever emerges as the nominee is the one who will be doing that.

KARL: Oh, come on.

GILLESPIE: I'm not going to -- I really -- I -- it's too fluid to--

AMANPOUR: Can you tell me who will win Iowa, do you think?

GILLESPIE: ... make a prediction right now.

AMANPOUR: The caucuses?

GILLESPIE: I really can't. I mean, I think, you know, Iowan voters are famously late in deciding, and we're seeing up-and-down, you know, still today, you know, and...

ROBERTS: And for (ph) the influence at the caucus themselves...

GILLESPIE: Right.

ROBERTS: ... and there's a tremendous amount of "Betty Sue, come to my corner." AMANPOUR: All right. Jon?

KARL: All right. I have no idea who's going to be the next president. But I -- but I will say this, I will say that we also, none of us, will have any idea on midnight election night. It's going to be such a close race, this country is so evenly divided. George mentioned -- the Kerry map. This is going to be a close election, and we are going to be awaiting until the following day to find out...

(CROSSTALK)

GILLESPIE: ... well, I would disagree with that.

ROBERTS: If that's the case that we don't call it, then.

GILLESPIE: I actually -- I actually think it's going to be the other way. I think it's going to be a decisive win, one way or the other.

AMANPOUR: All right. And, of course, this conversation will...

KARL: I'll bet you $10,000.

AMANPOUR: ... continues...

(LAUGHTER)

AMANPOUR: ... this conversation will continue in "THE GREEN ROOM." And up next, revolt and revolution, what this year's upheaval in the Muslim and Arab world will mean for the United States in 2012 and beyond.

(COMMERCIAL BREAK)

AMANPOUR: It's been a huge eventful year, both here and around the world. "Time" magazine couldn't find a single individual to name "Person of the Year," instead calling it the "Year of the Protester."

And indeed it was, from the Occupy Wall Street movement here to European demonstrators protesting budget cuts and crowds of Russians calling for election reforms, and most momentous of all, the Arab Spring protests that transformed that part of the world, which is now bursting with new political life. So let's take a look at the big events in the world that happened this year.

(BEGIN VIDEO CLIP)

AMANPOUR (voice-over): It began just as year ago, when a young Tunisian street vendor named Mohamed Bouazizi set himself on fire to protest an unresponsive dictatorship. Suddenly, whole region was ablaze with young people yearning for change.

The majority of the Arab population is under 25.

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