'This Week' Transcript: Chicago Mayor Rahm Emanuel

Can I say something about Newt? I feel Newt -- we need a little on the pro-Newt side balance. One thing that I think Newt has going for him is we're a nation of insiders, in a way. Everybody's always on the Internet reading stuff. The base of the Republican Party knows that the establishment of the Republican Party doesn't like Newt. That's a big plus.

Second thing is, I mean, on the base -- the second is that Newt's debate strategy was so fresh and so spoke to Republicans. He did this. He said, I'm not going to fight with the other guys here. They'd all be a better president than Obama. What I'm going to do is tell you what we -- what we have to do to get out of the mess we're in. Plus, I'm going to hate the media for you and take them on.

(CROSSTALK)

AMANPOUR: But isn't that the point, though? It is his debate performance that's sort of propelled him sort of where he is right now, after the bad debate performance...

(CROSSTALK)

KRUGMAN: It was his time. I mean, people -- the Republican base does not want Romney, and they keep on looking for an alternative. And Newt, although somebody said he's a stupid man's idea of what a smart man sounds like, but he is more plausible than the other guys that they've been pushing up.

AMANPOUR: OK, very quickly...

NOONAN: He also knows how to make the case for conservative thinking at surprising moments.

AMANPOUR: Herman Cain, is he in or out now?

WILL: He's out. He's done. I want to stay with Ron Paul for just a second. You said look out for him in six weeks, seven weeks. Look for him in eight months. He's not running for Congress again. He could be a third-party candidate. He has dedicated people in place. If he got 4 percent of the vote, there are a whole number of states with electoral votes he can tip over with those.

AMANPOUR: All right.

NOONAN: He would absolutely give the race to Obama.

AMANPOUR: All right. And we will come back again with the roundtable, because up next, as the super-committee barrels toward oblivion, a Washington odd couple tries to break through the gridlock on Capitol Hill. Republican Senator Marco Rubio and Democrat Chris Coons on a prescription for action. They still have hope.

(COMMERCIAL BREAK)

AMANPOUR: Americans right now are watching yet another scene of dysfunctional government play out here in Washington. After all else failed, the super-committee was conceived as a bipartisan solution to America's debt woes.

Right now, though, it's poised on the brink of failure. Still, freshmen senators Marco Rubio of Florida and Chris Coons of Delaware, a Republican and a Democrat, are trying to sow hope in this gloom. They've put together a jobs plan that they believe everyone can support. It's called American Growth, Recovery, Empowerment, and Entrepreneurs Act, also known as AGREE. They say it's small, but it's a start, nonetheless.

I spoke with Senators Rubio and Coons earlier.

(BEGIN VIDEOTAPE)

AMANPOUR: Senators, thank you very much for joining me. Let me ask you first, Senator Rubio, you have said that this is not an earth-shattering bill that you're proposing. Just how many jobs do you think it will create?

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