'This Week' Transcript: Tim Pawlenty and Mitch Daniels

WATKINS: Absolutely. It's something that I think our generation of college students have really -- have had to face, taking out loans just so they can, you know, go -- go to those four-year institutions. I'm fortunate to where I actually have two offers right now, but I think one of the things that I'm coming to terms with is, they're not in fields of which I want to pursue or that I want a career in.

AMANPOUR: And, Melech, where do you sit right now in terms of do you have a job? Do you have a prospect of paying down your student loans?

THOMAS: Well, I actually have no student loans from my undergraduate, but I have to take out $20,000 for my first year of graduate school.

AMANPOUR: Let me turn to you both. You've now listened to them. You see what they've studied. You've heard their prospects. Mort, as the owner of a real estate company, as the publisher of newspapers and magazines, what do you think they need to do? And are they hirable, what you've just heard right now?

ZUCKERMAN: Well, I don't know enough about their individual skills and capacities, but this is the worst atmosphere for employment that we've had in 50 or 60 years. I mean, just think of the fact, in the '70s, '80s and '90s, the United States created over 20 million jobs in each one of those decades. In the first decade of this country, we created zero jobs.

If I were hiring today, I would look for people of these qualities and characteristics, but I'd look for a particular thing, quite frankly. The one thing that I look for more than anything else is some evidence of determination, which to me is the most important quality in terms of how people will do in their career.

AMANPOUR: And, Doug, you set up your own company. You were an entrepreneur. I mean, you just didn't wait for the jobs to come to you.

IMBRUCE: I've always advised individuals to look not just for a career, but for a calling. And I think that if you can demonstrate to a potential organization, potential employer that you have true passion about their product, I mean, besides integrity and, you know, an obvious academic background, that's what we look for at my company, Qwiki, is we look for a real passion about our products.

AMANPOUR: We've heard the advice and the analysis from the entrepreneurs and CEOs, but for you, when you were told that if you worked hard and you got into a university and if you got into a great university and you spent the four years, that it would be an inevitable passport to a good job. Do you feel betrayed? Do you feel like the American dream hasn't quite played its part for you?

THOMAS: Well, to be quite frank, especially people of African descent, the American dream has never really been a reality. And so as much determination as some of my peers even at Howard University have had, because African-Americans usually have to work twice as hard to get a job in a field where the job market is already shrinking, it becomes very, very frightening and very, very paralyzing for some of the students. And so I won't say betrayed, because the American dream never really promised us much.

AMANPOUR: Stuart, it did promise for people like you.

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