'This Week' Transcript: Sen. John McCain

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GERARD: Let me make this last point. One of the things that is wrong is that for the last 30 years in both the United States and Canada, we have told our kids, you have got to go to school and become financial engineers. What we should have been doing is getting more mechanical engineers.

It's not our fault. It's the system that said you ought to go to school and become a financial engineer. We've got too many financial engineers--

(CROSSTALK)

ZUCKERMAN: Financial services is a major industry in this country. We don't tell kids what to do. We can make it very attractive for kids to go into the hard sciences.

GERARD: Tell them they'll make $28 million.

ZUCKERMAN: And have the jobs available. Not everybody thinks in terms of going into the financial industry.

AMANPOUR: $61 billion of budget cuts. Mark Zandi says 700,000 jobs will be lost.

FREELAND: I think he's right. I mean, I think that, you know, the problem is the U.S. government at both the federal and the state level needs to figure out how to walk and chew gum at the same time. So what you need to do is find a way in the medium term to have a full, a sold promise to the markets, we're going to deal with essentially the health care problem.

(CROSSTALK)

GERARD: We lost 55,000 factories that don't pay taxes anymore. Each one of those workers employed four more workers.

AMANPOUR: David, Leo, Chrystia, Mort, thank you very much indeed, and this is a conversation that will just keep continuing.

We've seen them on the front lines of the protests sweeping the Middle East. But what is next for the women of those revolutions? Will they be as active in shaping the future of their region? And can the prominent role they have played be a spoiler for Islamic militants looking to take advantage of those upheavals? A powerhouse roundtable coming up next. And Tina Brown will be on hand to unveil the new and improved Newsweek magazine.

AMANPOUR: Welcome back, and now we turn to those revolutions rocking the Middle East. There are reports of escalating violence in Libya today. Rebel fighters clashing with Gadhafi loyalists. A lot of uncertainty about how much territory the rebels actually control. It has of course been a truly historic last few weeks in Libya and throughout the Middle East and North African region. Many things have changed, not just governments, but the people themselves, and perhaps especially the women. Their influence could well have a huge impact on what happens next. ABC's Lama Hasan has been in the region throughout and has this report now from Libya.

(BEGIN VIDEOTAPE)

HASAN: The wave of change sweeping across the Arab world has finally given women a voice. Everywhere I went in the region, I was impressed and surprised by the women I saw. Something changed. A barrier was broken. They felt empowered and determined to bring down regimes.

UNIDENTIFIED FEMALE: (inaudible), we never want (ph) you (ph)!

HASAN: Mothers dragging their children along so they could witness history. Girls who were not shy about mixing with boys, standing shoulder to shoulder with them to fight for their cause.

Here in Libya, with the protests now giving way to the armed rebellion, it's the work being done by Dr. Iman and her sister, Salwa, a lawyer, behind the scenes, that is making a difference in keeping the momentum of this revolution going.

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