'This Week' Transcript: Former Vice President Dick Cheney

CHENEY: I have trouble seeing how we're going to achieve our objective short of that. And I doubt very much that the diplomacy will be effective if there's not the prospect that, if diplomacy fails, that we will, in fact, resort to military force.

STEPHANOPOULOS: Let's turn to politics. There's a lot of debate about what it's going to take for the Republicans to win back the White House. And our latest poll at ABC's "Washington Post" shows how deep the hole is for the Republican Party, worst numbers in a generation.

One telling -- and I want to put up on the screen right now -- Americans were asked, who's doing what's best for the country versus what's best for their own political interests? Only 20 percent believe Republicans doing what's best for the country, 52 percent for President Obama. The brand is at its lowest numbers ever in polling.

Does that worry you?

I know you didn't worry about your personal poll numbers.

But for the party, does that worry your -- and how should they fix it?

CHENEY: Well, I think we have got a long way to go, obviously, to rebuild the party. I think it's very important that we bring in a new generation of leadership. I think after the presidential election last year, you know, we got whipped. A lot of us thought we were going to pull it out. And that didn't happen. And we clearly need to spend time and effort on building the base, building the party, making it a full-time, professional operation in terms of the RNC. There's a lot of work to be done, no question about it.

STEPHANOPOULOS: Part of that new generation, your daughter, Liz, running for Senate --

CHENEY: She is indeed.

STEPHANOPOULOS: -- in Wyoming has rankled a lot of feathers in Washington, most of the Republican senators supporting the incumbent, Mike Enzi. He himself said this week that he felt a bit blindsided by your whole family, said he thought you were his friends.

How do you respond to that criticism?

CHENEY: Well, Mike also said he and I are fishing buddies, which is simply not true. Never happened. The fact of the matter is, Washington is not going to elect the next senator from Wyoming. The people of Wyoming will elect that senator.

Mike has a record, if you go back and review his finances, of getting about 84 percent of his campaign funds Washington-based PACs. That's more than any senator of either party. He doesn't get much money from Wyoming. In the quarter just reported, Liz got 25 percent of her funds from Wyoming; he got 13 percent of his from Wyoming. She outraised him in the last quarter, over a million dollars in the first quarter out there.

So I think it's a great campaign. She's going full speed. She's going to win and Washington isn't going to decide who's the next senator from Wyoming; Wyoming is.

STEPHANOPOULOS: Far behind right now.

CHENEY: She just started.

STEPHANOPOULOS: Let me -- broader, you have also said that your daughter and others represent this new generation, and one of the things they're going to do is energize the base, but is that really the problem the Republican Party has?

Right now -- the presidents you worked for were pretty such in reaching out beyond the base, persuading people who weren't voting for Republicans to vote for them.

Isn't that what the party has to do?

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