'This Week' Transcript: Charles Schumer and Lindsey Graham

But some Republicans are seeing hypocrisy there. I want to show a bit of an ad that's being run by a group called ShePAC. It's aligned with Sarah Palin. They're saying the Democrats should be asking Bill Maher, the comedian, to turn back that $1 million he gave to Obama's super PAC because of his history of attacks on women. Take a look.

(BEGIN VIDEO CLIP)

MAHER: Hi, Bill Maher here. Sarah Palin agreed to do commentary at Fox News, which is actually very similar to her day job, talking to a baby with Down's syndrome. Speaking of dumb (bleep) it's not because they have breasts. It's because they are boobs.

(END VIDEO CLIP)

STEPHANOPOULOS: Should Democrats give the money back?

SCHUMER: Well, no. I mean, look, the bottom line is that Rush Limbaugh's comments were just nasty and directed at a particular young woman who had a particular point of view and was expressing herself. Bill Maher is a comedian. It's much different. Rush Limbaugh has tremendous weight in the Republican Party. No one will rebut him. Bill Maher's a comedian who's on at 11 o'clock at night but has very little influence on what's happening here.

So, you know, again, they're sort of -- they're sort of in a hole, and they're always trying to look for excuses. But to focus...

STEPHANOPOULOS: Are you in that hole, Senator Graham?

SCHUMER: ... against women...

GRAHAM: No, America's in a hole. We -- two years since the stimulus was passed, George, they promised 8 percent unemployment by the summer of 2009. Two years later, we're at 8.3 percent. Obama health care was passed on a party-line vote. People in the country don't like it. Eighty percent of small businesses by the administration's own numbers are projected to have to give up their coverage by 2014, and it was supposed to add surpluses to our problems over 10 years, and now it's adding to the deficits.

And the president says, I'm for all-of-the-above when it comes to energy. Well, those are words coming out of his mouth. They don't come from his heart. No Keystone pipeline, no drilling in the gulf. At the end of the day, the economy is not doing well because of his politics.

STEPHANOPOULOS: Let me follow with Senator Schumer on that, because, Senator, you've been taking some heat for urging President Obama to petition Saudi Arabia to increase production. From Newt Gingrich, Congressman McCarthy and others, they say instead the focus should be, just as Senator Graham just suggested, on increasing production here at home.

SCHUMER: Well, we have to do both. And that's again -- once again, they don't have any real answers. In the short term, we know why prices are up. It's because of Iran, and Iran's threatening to cut off oil production. The Saudis have 2.8 million barrels of extra production. Total Iranian production is 2.2 million. If the Saudis were to promise that they'd replace every barrel Iran took off the market with a new barrel on the market, the price of oil would plummet, and I believe the administration's working quietly towards that.

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