'This Week' Transcript: Secretary Hillary Clinton, Sen. John McCain

When I interviewed President Obama earlier this week, he acted as if he wasn't really all that familiar, the Republicans will sort it out. He was -- but he was clearly, first of all, aware of the 9-9-9. And, second of all, he had seen the Republicans had been rising and falling, rising and falling. And so, you know, they're lying in wait. And I think that they have gamed out lots of different scenarios for if Perry's the nominee versus Romney. I think they think Romney would be a stronger potential challenger, but Perry would pose some problems because of the Latino vote that he would bring with him.

AMANPOUR: Donna, is it Romney?

BRAZILE: Well, there's no -- I think Jake is absolutely right in his reporting, that the Democrats are worried about Romney. But, look, I still believe that Herman Cain will pose somewhat of a threat to President Obama, not in gaining the black vote, but, look, he comes across once again as -- he's an outsider. He's not attached to any of the establishment. So I still give Herman Cain a little bit more legroom than some Democrats do.

DOWD: President Obama's biggest problem right now is President Obama. He is not going to win -- they want to make this a choice election, which is what they want to do. They kind of want to reprise the 2004 election. They want to make Mitt Romney into the Republican version of John Kerry.

The problem with that is, George W. Bush in 2004 had a huge advantage on strong and decisive leader. So when we made an argument against John Kerry, that he was a flip-flopper and he was indecisive, we had a huge advantage. Right now, Barack Obama has dropped dramatically on the strong and decisive leader. He's risen in the last few days because of international, but if it turns to domestic, that's his problem, and he's going to have a huge problem making that argument.

BRAZILE: Matt, he's lost a lot of Democrats. He lost a lot of Democrats when he came across as being too conciliatory, too bipartisan in his approach. I believe, at the end of the day, those Democrats will come back, those independents, and many others who were leaning Democrats...

DOWD: His biggest problem is not Democrats. His biggest problem is independents -- independents.

BRAZILE: It's independents, absolutely. But when you talk about his leadership, not only in foreign policy, but even on the economy, Democrats give him -- I mean, the country gives him a 15-point advantage over Republicans in handling the economy.

President Obama is going to -- I think overall he will win. I don't know if it's going to be Romney, Perry or Cain, but he will win the election.

DOWD: If he wins the election with a 42 percent or 41 percent job approval rating, it would be the first time in the history of the country that happened.

BRAZILE: I'm ready for the balloons and champagne.

AMANPOUR: All of you, thank you very much, indeed. And this will continue, of course, in the green room.

And coming up, two leaders on opposite sides of the political divide come together with a solution to the jobs crisis. If they can do it, will Washington follow? The heads of the AFL-CIO and the Chamber of Commerce join me next.

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