'This Week' Transcript: Susan Rice

ARIANNA HUFFINGTON I know. But this is a greater priority than adding more forces.

MARTHA RADDATZ (OC) George, can we just pick up on a, a good point you made earlier, Arianna, and that is, Pakistan. I mean we keep talking about Afghanistan. Pakistan is really, truly, the huge problem here. And I think you've got a Pakistani government that is still in absolute denial that they have a problem in their own country. Suicide bombing after suicide bombing, they denounce that. But then they still don't turn their attention to the areas where they should be turning their attention.

GEORGE WILL (OC) If Pakistan did not exist, we wouldn't be worrying about Afghanistan.

MARTHA RADDATZ (OC) Absolutely right. And that's why, going after al Qaeda, they do get into Afghanistan.

RICHARD HAASS A bit of exaggeration, because places like Afghanistan can still become breeding grounds for terrorists who in an age of globalization as we saw on 9/11, can do serious damage. But it's interesting, we spent the first ten minutes of this conversation talking about, what, North Korea and Iran. Pakistan has five dozen, plus or minus, nuclear weapons. The is a country that to some extent is failing, where the government is not in control of all of the territory. The government is not even control of all the government. This is a major, major problem. When you make the short list of the foreign policy national security nightmares facing the Obama administration, this would probably be - better be at the top of the list.

GEORGE STEPHANOPOULOS (OC) Or is it...

MARTHA RADDATZ (OC) And they say it is. They say it is. But their solutions aren't huge.

DAVID FRUM But the solutions are dangerous. I mean the President has often flirted with the idea of pressuring India to make concessions on Kashmir in order to stabilize Pakistan. So in order to help a, a, a very doubtful government with its, with its domestic problems, you are going to put pressure on one of America's best friends in the world, potential best friends, most important best friends to give up on its vital interests in order to assuage an unassuageable situation.

GEORGE STEPHANOPOULOS (OC) We have a few minutes left and I want to turn back to the home front and the economy. The President began this week before he went overseas with something of a surprise announcement on both GM and Chrysler. And one of the things the President did was put the idea of bankruptcy directly on the table.

PRESIDENT BARACK OBAMA What I'm talking about is using our existing legal structure as a tool that, with the backing of the US government, can make it easier for General Motors and Chrysler to quickly clear away old debts that are weighing them down. What I'm not talking about is a process where a company's simply broken up, sold off and no longer exists.

GEORGE STEPHANOPOULOS (OC) Maybe not, George Will, but the President sent shock waves through Michigan, Indiana and Ohio. And it, it's pretty clear that especially in the case of Chrysler, if there's no merger with Fiat, they are going into bankruptcy. And the chances that GM are going into bankruptcy are also well above 50/50. They're going to have to pay their creditors $1 billion on June 1st. They don't have the money right now.

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