'This Week' Transcript: House Speaker John Boehner and House Democratic Leader Nancy Pelosi

BRAZILE: We've had 30 years of talking about tax cuts, tax cuts, tax cuts. We need to have a year where we talk about how to create jobs, how to stabilize the economy, how to invest in infrastructure. That's what we're missing in this conversation.

INGRAHAM: Well, we -- that's all great, but we have no money. I mean, this is like a big fantasy. We are tapped out of money in the United States, and we're talking about infrastructure, which would be great, we all want infrastructure, we want great schools, but America has got to get back to work. Boehner might sound like a broken record on that, but if we don't have more jobs in this country, we don't have people back to work, then this is all a big fantasy conversation we're having here today.

NEWSOM: Yeah, my biggest fear, you're not going to have jobs if you have this debate that stifles the ability for people to think past the next six months. I mean, obviously, you're absolutely right, George. In a lame-duck session, it will be very difficult to solve these things. But to start right now, to throw -- to poison the well, in terms of the job creation that is going on, as modest as it is and as frustrating as we all are it's not moving faster, creates a tremendous amount of uncertainty. States like California, with 2 million people unemployed, 10.5 percent unemployment, these -- these states cannot afford this debate in Washington, D.C., right now.

STEPHANOPOULOS: We've got to take a break right now. We're going to come back with a lot more coming up, Bain Capital, Reverend Wright. Will either issue cut come November? Plus, Obama...

(BEGIN VIDEO CLIP)

OBAMA: Ronald Reagan said that, that great socialist Ronald Reagan.

(END VIDEO CLIP)

STEPHANOPOULOS: Obama invokes Reagan.

(BEGIN VIDEO CLIP)

ROMNEY: President Clinton said the right thing when he said the era of big government was over.

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STEPHANOPOULOS: Romney cites Clinton. What is up with that? And why did Facebook's IPO go flat?

(BEGIN VIDEO CLIP)

MEYERS: Facebook on Friday went public, making the company worth an estimated $104 billion, though I don't know if you can really put a price tag on watching your high school friends slowly get fatter.

(LAUGHTER)

FALLON: This week, investors will be able to buy shares of Facebook stock for the first time ever. It's great. Now you can lose all your money in the same place you lost all your time.

(END VIDEO CLIP)

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

(UNKNOWN): He's running for president, and if he's going to run the country the way he ran our business, I wouldn't want him there. He's so out of touch with the average person in this country, how could you care? How could you care for the average working person if you feel that way?

(UNKNOWN): Day one, President Romney immediately approves the Keystone pipeline, creating thousands of jobs that Obama blocked. President Romney introduces tax cuts and reforms that reward job-creators, not punish them. President Romney issues orders to begin replacing Obamacare with commonsense health care reform. That's what a Romney presidency will be like.

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STEPHANOPOULOS: Those are the ads up on the air right now. Let's talk about it on our roundtable. I'm joined again by George Will, Donna Brazile, Matthew Dowd, Laura Ingraham, Gavin Newsom.

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