'This Week' Full Transcript: Dec. 6, 2009

STEPHANOPOULOS: And -- and -- and, George, he's going to have the chance to speak again this Thursday when he goes to Oslo to accept the Nobel Peace Prize. How does he deal with this in Oslo?

(LAUGHTER)

WILL: The whole Oslo venture is so surreal. I mean, he's going to give a speech (inaudible) for an award given to him because of the quality of the speeches he gives. I -- all he can say is that I am fighting a war to stop the destabilization of these countries. And we've got some help, and he's going to perhaps by then be able to say already that NATO members are going to pony up...

(CROSSTALK)

STEPHANOPOULOS: ... thousand.

WILL: Still.

STEPHANOPOULOS: Would you write that speech?

NOONAN: Oh, this is just the sort of thing that -- normally a sitting American president wins a Nobel Prize, that's just good, definitely get a bounce out of the Nobel Peace Prize. Not in this case, because of what George says. I just think people will look at it and think, "Oh, man. This is just more talk in a fancier tuxedo."

STEPHANOPOULOS: But he can't back down?

HAASS: What...

(CROSSTALK)

HAASS: Oh, no, he's got to. And he's got to, in a sense -- the one opportunity here -- it's interesting, to go to Oslo for a Nobel Peace Prize speech and argue why there has to be a security component. And, actually, that's -- that's where I would disagree with Katrina. It's not a question of just politics or just economics. What we've learned in history, you get overwhelmed by having those kinds of strategies. There has to be a security component. My problem with the policy is I think it's out of balance, that the security component has now grown more than -- than it should.

One last point. Pakistan, they have a different agenda than we have. They see Afghanistan as their hedge. It is the real estate (ph) that they have to make sure they're not surrounded by India. We have a problem. We have a partner that does not share the same geopolitical outlook that we do.

So it's not simply the Pakistanis are worried about being abandoned by the United States again. We have to keep in mind that we're very much working in tandem with someone who has very different geopolitical...

(CROSSTALK)

STEPHANOPOULOS: Let me bring this back to our domestic agenda. We got some jobs numbers on Friday. Unemployment actually went 10.2 percent to 10 percent. Before the president goes to Oslo, he's going to give a speech on Tuesday laying out some new ideas on how to create new jobs. And one of the big questions at issue is whether to tap the TARP, the bailout fund, to -- to pay for some of these programs. There's debate already on Capitol Hill.

(BEGIN VIDEO CLIP)

REP. NANCY PELOSI (D-CA), SPEAKER OF THE HOUSE: Creating jobs reduces the deficit. And I think the TARP funds are an appropriate use -- appropriately used to create jobs to reduce the deficit.

REP. JOHN BOEHNER (R-OH), HOUSE MINORITY LEADER: What we ought to do with that money is use it -- use it to reduce the budget deficit. There's no -- there's no -- nobody ever had any idea that, when this money came back, that we'd go ahead and spend it on something else.

(END VIDEO CLIP)

STEPHANOPOULOS: Next (inaudible) the president says he's going to tap it.

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