Transcript: Gen. Casey, Steele vs Kaine

KAINE: George, let me talk about New York 23, because it is a gift that keeps on giving and it's going to play out forward. The year for the GOP started when the chairman said he was going to come after any Republican that voted for the stimulus. Senator Specter said I'm not going to wait, I'm going to join the Democrats right away. The year is ending with Dede Scozzafava, a Republican elected official that the party unified behind, the party, the DNC and the RCC, gave her $800,000. Then they let right-wing radio and talk show hosts chase her out of the race, with Sarah Palin, and she ended up supporting us. That's the first time I've been happy that they're good fund-raisers.


KAINE: She put that money behind our candidate. We won for the first time since 1870 in that district.

STEELE: The reality...

KAINE: And you're seeing the same dynamic play all over the United States.

STEPHANOPOULOS: You got the first word, you get the last word.

STEELE: The reality of it is, you know, hang your hat on that hook. I take the hat back come next November. Your problem right now, Governor, is that you lost New Jersey, you lost Virginia -- your home state. You could not deliver. And the Democrats can't deliver and that's what the American...

KAINE: We delivered in every congressional...


STEELE: I had the last word, Governor. I had the last word.


STEELE: You've got to deliver something. And what you delivered is a 2,000-pound baby that nobody wants.


STEPHANOPOULOS: You guys continue that in the green room. We're going to be right back with the roundtable and later the "Sunday Funnies."


(UNKNOWN): And in breaking news, the House passed the health care reform bill at 11:07 this evening by a vote of 220 to 215. Nancy Pelosi was said to be so emotional, she was on the verge of blinking.

RONALD REAGAN, FMR. PRESIDENT OF THE UNITED STATES: Unemployment hangs over the lives of 11 million of our friends, neighbors, and family.

BARACK OBAMA, PRESIDENT OF THE UNITED STATES: Our unemployment rate climbed to over 10 percent, the sobering number.

REAGAN: We're going to keep inflation, interest rates, and government spending, taxing, and borrowing, down and get Americans back on the job.

OBAMA: Additional investments in our aging roads and bridges, incentives to encourage families and businesses more energy efficient, additional tax cuts for businesses to create jobs.

REAGAN: This time, we're going to get the job done, and get it done right.

OBAMA: I'm confident that we're moving in the right direction.


STEPHANOPOULOS: Barack Obama facing the highest unemployment since Ronald Reagan was president back in 1983. We'll talk about that and all the week's politics, here in our roundtable.

I'm joined, as always, by George Will, Republican consultant Frank Luntz, the author of "What Americans Really Want -- Really!"

Is that the right way to pronounce that? The right inflection?


Democratic strategist Donna Brazile, Sam Donaldson and Cokie Roberts.

And George, so much happened in the political world this week, but that unemployment rate on Friday, 10.2, probably the most significant development.

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