'This Week' Transcript: Barbara Walters Exclusive with Massachusetts Senator-Elect Scott Brown

AILES: I thought he did a pretty good job of delivering his speech. He seemed to get a little bit of his energy back. He'd fallen away over the last few months. You know, he did some dumb things, like take on the Supreme Court. But the media saved him and blamed it all on Alito. But you know, that speech, he's got to follow it up with his -- look, there is an easy way to get it done. I went to the White House one night because I had to meet with Ronald Reagan. And there was a lot of laughter down at the end of the hallway. I waited about 10 minutes, and out came Reagan and Tip O'Neill, arm in arm, with a drink in their hand, telling Irish jokes. In the paper the next day, they kind of trashed each other's ideas, but they obviously cut some kind of a deal.

And that's, you know, there are ways. If he wants to invite the four Republicans and four Democrats over to the Super Bowl and say, come on, guys, we've got to get some jobs...


HUFFINGTON: He tried to do that. He wasted three months...

AILES: No, that's the way it gets done.


HUFFINGTON: He wasted three months trying to get Chuck Grassley to agree to what Max Baucus was trying to do. So he's tried that again and again and again.

AILES: He's tried to get Republicans to agree with him, there's no question. And the media will report that -- what they say is a Republican is evolving, as if he's a caveman if he leans towards the president on something.

WILL: In Baltimore, at the meeting that Paul liked, the president said "I read your bills." To most Americans, it was news that the Republicans had bills. But in fact, he got engaged in a dialogue with Paul Ryan of Wisconsin. If he'd met Paul Ryan halfway, you'd have health care soon.

WALTERS: I just want to ask, in the few seconds we have left, Sarah Palin is now on your payroll. OK? 2012, presidential candidate?

AILES: I have no -- no idea, no idea whether she even wants to. I don't think she -- she knows. I mean, everybody hates her who's ever written a book because they didn't sell many. She wrote a book and it sold two million in two weeks, and so now they hate her, they have a new reason to hate her. I don't know...

WALTERS: But you hired her to be a commentator. Do you think -- so you must think she has some qualifications? She seems to be very popular with certain groups. Do you think she has the qualifications to be president?

AILES: FOX News is fair and balanced. We had Geraldine Ferraro on for 10 years as the only woman the Democrats ever nominated. Now we have the only woman that the Republicans nominated. I'm not in politics, I'm in ratings. We're willing.

HUFFINGTON: Roger, you clearly are in ratings, but if you are in ratings, can you explain to me why FOX went away from the meeting the president was having in -- why did you go away, 20 minutes before the end?

AILES: Because we're the most trusted name in news.

HUFFINGTON: OK and on that note...

WALTERS: I thought we were the most trusted name in news.

AILES: And we believe two liberal polls have now proven it.


WALTERS: I've got to go. The Roundtable, as you've been listening to, continues in the green room and ABCNews.com. I know you're going to want to hear it and you can get political updates all week long by signing up for our newsletter also on ABC.com. And coming up we have "The Sunday Funnies."

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