'This Week' Transcript: GOP Candidate Rick Santorum and Rep. Barney Frank

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GARRETT: That's quite possible. Look, the thing for Speaker Gingrich is, everyone around this table and many Republican voters know that he lacks discipline. But Newt Gingrich doesn't need to be disciplined for eight months. He needs to be disciplined for eight weeks. That's possible. Newt Gingrich is a factor in Iowa. He's gaining in New Hampshire. He'll probably win South Carolina and he leads by a big margin in Florida. You ask yourself today, would you rather be Newt Gingrich or Mitt Romney? You would rather be Newt Gingrich, because he has momentum and the momentum is real. And the one thing about Newt Gingrich, if you've ever been in a room with him, he creates an idea factory that people like to respond to. I saw this in the Obama campaign in 2008. People supported Barack Obama not just the candidate and policies, but because of the way they felt about themselves being supportive of that kind of a candidate. If you get an idea factory going, people will say, you know what, I'm an idea person, I like being around ideas. I think of myself somewhat better when I'm around Gingrich.

If that takes hold, and I'm not predicting it will, but if it does, that's the kind of thing that can overcome the lack of organization, lack of precinct captains and all that other. Excitement can matter a lot in politics. Gingrich might tap into that.

(CROSSTALK)

HUFFINGTON: -- Newt Gingrich is going to be running. There are so many of them. If you go to the Newt Gingrich of the '90s, remember, in his first speech as speaker, he said something which would be impossible to say today in the Republican primary, and I want to quote. He said, "the balanced budget is the right thing to do, but it doesn't have the moral urgency of coming to grips with what is happening to the poorest Americans." He talked about poverty. He talked about a moral responsibility. That Newt Gingrich is not at all the Newt Gingrich running now, who is comparing the labor laws for children to something (ph) that should be abolished, who is talking about poor children becoming janitors.

So we have a Gingrich 1.0, which, like Microsoft, was the best iteration. You know, the more he iterates, the worse he gets.

GARRETT: But remember, he said that as speaker, after having said something favorable about orphanages the month before, and that got him on the cover of Time magazine as the Grinch who stole Christmas. So, that speech was a reaction to something he said earlier, which is not altogether that dissimilar from what he said about child labor laws.

Now, oddly enough, in that respect, there's a component of consistency.

AMANPOUR: Let me turn to Rick Perry, because he also, and he had his boomlet, and he's now tied for last with Rick Santorum. Let's just see. He just spent a lot of money and he's put up a new ad in Iowa. Let's just listen.

(BEGIN VIDEO CLIP)

GOV. RICK PERRY, R-TEXAS: When you run for president, you get a bunch of questions about your faith. People want to know what drives you, how you make decisions. Some liberals say that faith is a sign of weakness. They're wrong. I think we all need God's help.

I'm Rick Perry. I'm not ashamed to talk about my faith. And I approved this message.

(END VIDEO CLIP)

AMANPOUR: Not ashamed to talk about his faith. Why is he getting at, why is he doing that now?

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