'This Week' Transcript: Tim Pawlenty and Mitch Daniels

And here to read the tea leaves are ABC's George Will, Democratic strategist Donna Brazile, the former Republican National Committee Chairman Ed Gillespie, and ABC's senior political correspondent Jonathan Karl.

Welcome, everybody.

George, what is up? Is Sarah Palin going to run?

WILL: I don't know.

AMANPOUR: What do you think?

WILL: Two things are infinite. One is the expanding universe, and the other is media attention to Sarah Palin, who's a genius at manipulating it. She has several political problems, the first of which is there's no undecided vote in this country anymore about Sarah Palin, surely.

Second, the threshold question. It's not usually asked, but it's in everyone's mind in a presidential election. Should we give this person nuclear weapons? And the answer is -- answers itself there. That doesn't mean she can't be without political consequence.

If she gets in now, it will be because, I think, Michele Bachmann is about to get in, and they take up the same political space, and the two of them there can be devastating to Tim Pawlenty, because he has great appeal to the evangelical Christians who are dispositive in Iowa, and she can divide that vote and take it away from him, and thereby help Romney.

AMANPOUR: So do you think from all the reporting you've done, Jon, that there is evidence of any serious laying of the ground by Sarah Palin for a race? Or is this, as George says, really a publicity stunt?

KARL: I see absolutely no evidence that Sarah Palin is preparing to run for president. It doesn't mean that she can change her mind, but, look, she doesn't even have a scheduler. She has no donor network built up. She doesn't have a press secretary. Every decision we can tell is being made strictly by Sarah and by Todd Palin. And there is no preparation. You talk to...

AMANPOUR: The house she's just bought and all of that stuff?

KARL: The house she bought, it's a summer home in Arizona. I don't think that's a sign you're running for president. But, look, if you go and you talk to activists in South Carolina, Iowa, New Hampshire, they will tell you there is no sign whatsoever of Palin or any Palin organization.

AMANPOUR: So, Ed Gillespie, given your former position, what would the effect of a Palin candidacy be on the race?

GILLESPIE: Well, I think she does command a great deal of attention. You know, the media have a love/hate relationship with Sarah Palin. They hate her, but they love to cover her. So she'll have a pretty big impact in terms of other candidates responding to, you know, her policy proposals and her activities. But I like everyone else here have no idea whether or not she's, you know, going to run or not.

BRAZILE: Any moment now, she's going to tweet, and we will learn whether or not she would start off this bus tour at the Lincoln Memorial or the Washington Monument.

Sarah Palin is a phenomenon. She doesn't need to run by the rules established by the Republicans. She can run simply on her own timetable, when she feels like, and she doesn't have to follow conventional wisdom. I think she's running. She sees a big opportunity. And you know what?

KARL: You're certainly hoping she's running, right, Donna?

BRAZILE: No. Look, I'm hoping Michele Bachmann gets in...

AMANPOUR: Well, who is -- who is the dreamboat Republican candidate for the Democrats?

BRAZILE: We don't have one right now.

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