'This Week' Transcript: Hoyer, Boehner and Bill Gates

The Democrats are prepared for this. They have -- all of their candidates have over $1 million in the bank. They've seen this wave coming. They've constructed a high seawall.

You don't have the open seats the Republicans had in -- in 1994 to shoot out or the Democrats had in 2006. And instead of a wind at your back, it's kind of a crosswind. And if you can be Scott Brown and get your sail up and hoist it right, you can ride it into shore, but just relying on, "They're the other guys, we're not," is not going to work.

The Republicans have got to take this anger and translate it in districts across the country if they're going to win. They have a possibility of taking the House back. This is not an automatic. This is one of those strange years that voter anger is deep, and all these things we're talking about just add to that narrative.

TAPPER: George, what do you see from Tuesday's results that you find interesting? What conclusions did you draw, if any?

WILL: How hard it is to draw national conclusions about this. In California, Barbara Boxer, 69 years old, running with Jerry Brown, 72 years old, is not a youth movement out there. But Barbara Boxer got more votes, I believe, than Carly Fiorina and her principle challenger, Tom Campbell, combined, even though there was a hotly contested gubernatorial and Senate primaries on the Republican side to bring out the vote.

In Arkansas, a right-to-work state, out of 1.1 million workers in Arkansas, only 41,000 are unionized workers. Unions went in, spent $10 million, accusing Blanche Lincoln of being insufficiently subservient. And, surprise, surprise, she won. Having won, she starts out 20 points behind her Republican opponent.

And in Nevada, Harry Reid might, on a good day, get to 43 percent in Nevada. So he has to figure out in his canny way how to win with 43 percent. Here's how you do it: You spend a lot of money to take down your most -- what you think is your strongest opponent. You pick your opponent.

There are six other lines on that ballot, independent candidates. That'll disperse the vote. And there's a none-of-the-above in Nevada. You can vote, "I don't like any of these people." So in that sense, he may have brought down to 43 percent the winning total and his -- his threshold of victory.

TAPPER: Let's talk about that Arkansas primary, because Senator Blanche Lincoln did finally defeat Bill Halter, who had been supported by labor unions. And that night that she beat him in the run-off, a White House official -- an anonymous White House official -- called our friend, Ben Smith, at Politico and said, quote, "Organized labor just flushed $10 million of their members' money down the toilet on a pointless exercise. If even half that total had been well targeted and applied in key House races across the country, that could have made a real difference in November."

Asked about the quote, here's what White House press secretary Robert Gibbs had to say. He said, "First of all, I should say that the president wouldn't agree with that characterization, but"...

(BEGIN VIDEO CLIP)

GIBBS: I think that whether or not that money might have been better spent in the fall on closer elections between somebody -- between people who cared about an agenda that benefited working families and those that didn't, that money might come in more -- more handy then.

(END VIDEO CLIP)

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