'This Week' Transcript: O'Donnell and Coons


Maybe we won't care. But I still care...


WILL: Twenty months ago...

AMANPOUR: She has a point, right? Young voters are the future.

WILL: Well, that's -- that's...


WILL: Yes, that's tautology, but not -- not...


WILL: Not a political point. No, 20 months ago the question was, does the Republican Party have a future? In the last 20 months, we've had two things happen. A, the Tea Party movement has energized the Republican Party, and the Democrats are trying to hold onto one house of Congress right now. I don't think that's the sign of a party that's in trouble.

DOWD: And I think Meghan's right, but you have to also make the counterpoint. As Barack Obama won younger voters by 30 points. He as of right now has a difficulty getting any of those voters to a rally who have lost -- a great deal are disappointed in what's happened...


AMANPOUR: Is that about the economy?

DOWD: I think it's about two things. It's what they thought, like many people did, that Barack Obama and the Democrats were going to come to Washington and were going to change things, and they feel like -- in my view, they feel like it's politics as usual.

So now you have a Republican Party that's gone off on too many social issues, too many issues that's not in line with the younger voters. They're very disappointed, and my guess is there's a lot of younger voters who are totally fed up with both political parties at the time and are looking for something else.

MCCAIN: Of course. I mean...

WILL: But the Tea Party -- what the Tea Party has done, among other things, and surely you'd acknowledge this, is they have driven the Republican Party, pulled it away from the social issues.

MORAN: Because it's an emphasis on the fiscal issues.

WILL: Precisely.

MORAN: And they're co-opting the party, and that -- that is important. A lot of the money behind the Tea Party is not mom-and-pop money. It's...

AMANPOUR: It's very wealthy money.

MORAN: It's very wealthy money. People definitely purchasing, trying to purchase the Tea Party movement. And a lot of those issues -- free trade, the kinds of issues that the Chamber of Commerce and that some of the other big money behind the Republican Party this year, trying to co-opt the Tea Party movement -- I'm sure quite how many of those Tea Party activists would agree with them.


AMANPOUR: ... about this, because, you know, everybody would think by the -- what they stand for that perhaps business would get behind them. BusinessWeek -- Bloomberg this week had the following, on the front, basically, saying that the Tea Party is not trusted by business. And it says the Tea Party's brand of political nitroglycerin, in short, is too unstable for businesses that look to government for predictability, moderation, and the creation of a stable economic environment.

Whatever you think of the social issues, surely the economy and business is the big issue right now.

WILL: Business also looks to government for tax subsidies, for corporate welfare, and the Tea Party movement does, indeed, threaten that. Bravo the Tea Party movement.

DOWD: Big business wants...

AMANPOUR: Bravo the Tea Party movement?

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