'This Week' Transcript: Rand Paul, Rep. Mike Pence and David Stockman

BAYH: Well, yes. And it's going to be very difficult for moderate Republicans when they see Bob Bennett taken out in Utah, what happened to Lisa Murkowski in Alaska or to Mike Castle in Delaware, to compromise with the president. They'll face an uproar in their own party. And in my party, many of the moderates were obliterated. So I think we can actually make progress on some things. Tax reform may be one of them, education reform another. But on the -- the big things, I think George is right. There will probably continue to be gridlock, fight it out running up to the next election.

DOWD: But ultimately -- ultimately the president of the United States -- I know the Democrats like to say it's the Republicans' fault that we haven't done this and all -- and the Democrats said the same thing about President Bush in his presidency, the reason why there wasn't more compromise, because his -- his fault. Ultimately, I think it's -- it's contingent upon President Obama reaching across the aisle in a real, credible way and trying to bring Republicans along. He has the biggest megaphone. It's up to him to do it.

AMANPOUR: I've got to bring Amy Walter -- and I want to -- but I want her to react to this. We're going to put up what President Obama will be saying on "60 Minutes" this -- this evening and also what John Boehner will be saying, the next speaker of the House.


OBAMA: We were so busy and so focused on getting a bunch of stuff done that we stopped paying attention to the fact that leadership isn't just legislation, that it's a matter of persuading people.

BOEHNER: There seems to be some denial on the part of the president and other Democrat leaders -- you would think that the other party would understand that the American people have clearly repudiated the policies that they've put forward the last two years.


AMANPOUR: Amy Walter, political director at ABC, what did the voters say as they came out? Did they repudiate one party, both parties? What did they say?

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