'This Week' Transcript: Axelrod, McConnell and Queen Rania

Most Americans think what's been happening around here for the last year-and-a-half is extreme, and they want to change it. And they know that the way to change it is to change the Congress, because you don't get to make policy unless you get elected.

AMANPOUR: But you didn't tell me what you think about those kinds of comments from people who want to be, you know, a senator. I mean, it's kind of bizarre, don't you agree?

MCCONNELL: I don't think the people of Nevada should be attacked for the choice they made in the primary. And the candidate is running dead even with the majority leader of the United States Senate. Obviously, the people of Nevada think that she's a very good candidate or she wouldn't be running even with someone of such power and significance.

AMANPOUR: Do you think there will be more bipartisan compromise when they come in or less?

MCCONNELL: I think the way to get bipartisan compromise is to not have one side have an overwhelming majority. And the American people know that if they're frustrated with this administration, it won't change on November 2nd. The president will still be there for at least two more years. But they can take the first step toward moving this government back toward the political center, and maybe even a little bit right of center, if there's a very good election.

AMANPOUR: Senator Mitch McConnell, thank you very much for joining me.

MCCONNELL: Thank you.

(COMMERCIAL BREAK)

(UNKNOWN): The fresh and new ideas sound slightly like -- I'm sorry, did I say slightly -- exactly like your old ideas.

(UNKNOWN): Rein in the Washington, D.C., red tape.

(UNKNOWN): Cut Washington red tape.

(UNKNOWN): Act immediately to reduce spending.

(UNKNOWN): Have real reforms to reduce spending.

(UNKNOWN): Change the way we do business in Washington.

(UNKNOWN): Change business as usual in Washington.

(UNKNOWN): Make the tax cuts permanent.

(UNKNOWN): Make the existing tax cuts permanent.

(UNKNOWN): A smaller...

(UNKNOWN): ... a smaller...

(UNKNOWN): ... less costly...

(UNKNOWN): ... less costly and more accountable...

(UNKNOWN): ... and more accountable government in our nation's capital.

(UNKNOWN): ... government in our nation's capital.

(END VIDEO CLIP)

AMANPOUR: Jon Stewart from "The Daily Show" with his own take on the House Republican Pledge to America, one of the topics we'll discuss today on our roundtable with George Will, Democratic strategist Donna Brazile, Ron Brownstein of the National Journal, and Matthew Dowd, former Bush political strategist.

Welcome to you all.

So, George, Pledge to America. It's nice. It's glossy. There are lots of pictures. Is it new?

WILL: No, in the sense that Mr. Stewart's quite right, that Republicans are acting like Republicans, which is sort of what they want to do, limited government, smaller government, less spending.

This was prepared against the backdrop of what I consider the most important number in all the blizzard of numbers we're hearing this year: One in four, only one in four Americans expect their economic condition to be better next year than this year, so they're gloomy.

They blame it on that institution six blocks away and the one 10 blocks away that way.

AMANPOUR: So Congress and the White House?

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