'This Week' Transcript: Adm. Mike Mullen

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WILL: But if you're asking, in the aftermath of November 2nd, are the fellows up there going to come in and raise taxes? No. And by the way, on one of the tax -- the favorite new taxes of the wonk class in this town is a value-added tax. They forget that last April the Senate voted on this, in a non-binding resolution. It voted 83-13 to disapprove of value-added tax.

REICH: You know, even in this town, that seems inured to hypocrisy, for the Republicans in Congress to say, "We must have a tax break, we must extend the Bush tax breaks for the top earners, but at the same time, we don't have enough money, we cannot, because of the deficit, extend the unemployment insurance for working Americans who have been out of work in record numbers, long-term unemployed," gets some sort of an award for hypocrisy. I mean, this is absurd on its face.

AMANPOUR: I want to raise the issue of Sarah Palin. She's had a big week, as we've been saying. Let's just play what she told Barbara Walters, which will air on Barbara Walters' thanksgiving special.

(BEGIN VIDEO CLIP)

PALIN: I'm looking at the lay of the land now and trying to figure that out, if it's a good thing for the country, for the discourse, for my family, if it's a good thing.

(END VIDEO CLIP)

AMANPOUR: Well, that was about whether she was going to run for president, and she was subsequently asked by Barbara, "If you ran against Barack Obama, could you win?" And she said, "I think I might be able to." Is she going to run?

BRAZILE: Well, any time you say you have to check with your family, that's always in my judgment a euphemism that, "I'm running." Look, she has a lot of commercial activity yet to sell before she actually tosses her gloves in the ring. She has a book to promote; she has a TV show. I'm sure George is going to stay up tonight to watch it, George.

AMANPOUR: George?

WILL: I'll pass.

(CROSSTALK)

BRAZILE: And she has Fox News. So she has -- unlike other -- the other candidates that have to go out there and build up their name ID, Sarah Palin has a strong name identification.

But once she decides to run for president -- for the presidency, all things are off the table, all of this celebrity. She has to begin to put together policy papers. She has to put together an organization. And while it might look good, might look good to think about it, it's very tough to run for president of the United States.

AMANPOUR: Do you think she will?

WILL: No. Well, no, I don't think she will, partly because the very people that decide our elections, the independent voters, have made up their mind about her, and it's a negative judgment they've made.

After the 2008 campaign, she had two things she had to do. She had to go home to Alaska and study, and she had to govern Alaska well. Instead, she quit halfway through her first term and shows up in the audience of "Dancing with the Stars" and other distinctly non-presidential venues.

AMANPOUR: Where her daughter is participating.

WILL: Where her daughter is participating.

AMANPOUR: A mother's support.

WILL: Pardon?

AMANPOUR: A mother's support.

WILL: It's stirring family values, but not it's good training to be president.

AMANPOUR: How does the world look at a Sarah Palin run in 2012?

LUCE: With deep horror, I think, but also some amusement. I think there's a -- there's a trope out there that this is the best scenario possible for Barack Obama.

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