'This Week' Transcript: Speaker John Boehner

AMANPOUR: How is that economic crisis -- I mean, the mess we've seen in Europe over the past week -- going to affect Americans here at home?

FERGUSON: Pretty directly, actually, because the situation in Europe is now the double dip. I mean, that's been confirmed by the new head of the European Central Bank, who's talking about another recession. And the U.S. needs the eurozone and, indeed, the European Union generally to be growing well, because if American consumers aren't out there shopping, exports are one of the few areas that the U.S. can hope to get growth out of. And that is something that the administration has been hoping for. So a euro recession is really bad news for the U.S.

DOWD: And I also think it has a tremendous affect on the American psyche, because I think where Americans are today is they feel like they're the victims of a lot of uncontrollable global forces in the world. And they don't feel anybody is out there sort of in front, saying to say, "Here's how we're going to do this. Here's -- I'm in charge."

And even President Obama in his sort of speak, I think, reinforces the ideas, "I can't really do anything about this. Republicans are at fault, or this is going on internationally. I can't do this," as opposed to saying, listen, I got a plan, this is what we're going to do, and this is how we're going to go forward. So as the country sees all of this going around the world, it's just another thing of, like, who's in charge?

WILL: You had the failure this week of MF Global, the financial institution, had good news. That is, it failed without implicating the American taxpayers. The bad news is, it failed because it made a bet on European sovereign debt, so that -- if you want to know if we're connected, look at the rubble of MF Global.

HUFFINGTON: But also it failed because it did not make big enough bets. That's the real danger here, that too-big-to-fail is still there, and that's one of the dangers that's still looming ahead.

AMANPOUR: All right. And we'll be back in a moment, because coming up, foot-in-mouth disease strikes the Republican presidential field, Herman Cain, Rick Perry. Words get in the way in an uncertain field that has yet to gel. Our roundtable will continue after a break.

(COMMERCIAL BREAK)

AMANPOUR: Herman Cain's sunny campaign took a stormy turn this week. The candidate sent mixed messages for days, as he confronted sexual harassment allegations from his past. And so will the scandal bring his soaring campaign back down to Earth? Let us bring back the roundtable.

George, first to you. Can Herman Cain survive it and fix it?

WILL: He can fix it, and he still won't survive. That is, I don't think his is a viable presidential campaign. He's just not...

(CROSSTALK)

AMANPOUR: Regardless of this?

WILL: He's not conducting it as a presidential campaign. He's not going where the early voters are going to vote, things like -- little indices like that. He's not raising money. This looks like something other than what it purports to be.

AMANPOUR: So, Matt?

DOWD: Well, but I think what's interesting about that is, I agree he's not conducting this like a normal campaign, but the interesting thing is, is he either leads the polls or is tied in the polls not doing all the traditional things in this campaign.

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