'This Week' Transcript: Pelosi and Gates

PELOSI: We don't see it that way. We are very proud of the agenda that we have put forth to the American people. our recovery package, as the economists have said, we've had twice as many people unemployed as there are now if we had not moved forward. These actions are all controversial because we were digging our way out of a deep ditch.

so we've been legislating for the past 18 months. The other side has been in campaign mode for 18 months, saying no, stopping job creation and the rest. But our members are the best salespersons for their own districts. They've been elected there. They know their constituents.

AMANPOUR: Are you nervous about November?

PELOSI: No, I'm not nervous at all --

AMANPOUR: Not at all?

PELOSI: No. I'm -- I'm --

AMANPOUR: Because people say I know you're putting on a great face --has you have to

PELOSI: -- that's not.

AMANPOUR: -- going into an election. But people say there's been considerable worry about what will happen in November.

PELOSI: Well, let me say this. I never take anything for granted. And our agenda now is we're not going forward -- we're not going back to the failed policies of the Bush administration. We're going forward.

AMANPOUR: So what does it make you feel, then, when the president's own spokesman said that you might lose the majority?

PELOSI: Well, I -- you know, I --

AMANPOUR: well how do you feel about it

PELOSI: -- with all due respect -- I don't spend a whole lot of time thinking about what the president's employees say about one thing or another.

AMANPOUR: But it directly impacts --

PELOSI: Well, the -- they must realize that.

But you know what, I'm speaker of the House. I have a great chairman of the Democratic Congressional Campaign Committee, Chris Van Hollen. We have a solid plan of messaging and mobilize -- mobilizing at the grassroots level and management of our campaigns. And we have a two to one advantage money-wise

So we feel very confident about where we are, whether that's well known to that gentleman or not.

AMANPOUR: Let me ask you about the tax cuts.

Are you going to take that issue to -- to a fight before the elections, letting the tax cuts for the -- for the two -- 250,000 expire and then keep them on for the middle class?

PELOSI: Well, the -- the tax cuts for the wealthiest -- of the $250,000 and above -- were the -- the Bush initiative. I dont see any reason why we should renew a tax cut that only gives a tax cut to the wealthiest people in America, increases the deficit and doesn't create jobs.

That doesn't make any sense.

AMANPOUR: But I know that's your position, but

PELOSI: Yes

AMANPOUR: -- to the middle class --

PELOSI: But to keep the middle class tax cuts--

AMANPOUR: Would you take this to a vote before the election

PELOSI: It would be my hope. But let me just say, on The Recovery Act, nearly $300 billion of The Recovery Act were tax cuts for the middle class. most people dont realize that

The Republicans want to have the tax cut and they want it unpaid for -- $700 billion added to the deficit for an initiative that does not create jobs.

AMANPOUR: Can I show you something?

PELOSI: Sure.

AMANPOUR: there's so much polarization, so much partisanship, so much -- not just amongst the politicians, but in the press, amongst the people. You talked a little bit about what, you know, us and them, in your view. I want to show you this, which is a Republican commercial.

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