• This is a rush transcript from "Your World with Neil Cavuto," February 7, 2008. This copy may not be in its final form and may be updated.

    NEIL CAVUTO, HOST: Now the man of the hour. We told you about Clint Eastwood. Of course, he's a big muckety-muck in these parts, because he actually owns a lot of this green behind me here. And he's made a great deal of green in his career, and Academy Awards and what have you.

    Clint Eastwood, good to have you very much. Thank you, sir, very much for coming.

    CLINT EASTWOOD, FORMER MAYOR OF CARMEL, CALIFORNIA: My pleasure, Neil.

    CAVUTO: I know you try not to make politics a big thing, but a big day in politics. John McCain's race is won. It looks like he's the Republican nominee.

    What do you think of that?

    EASTWOOD: Well, if that's the way it's supposed to go, that's — I like John McCain personally very much. I haven't gotten involved too much politically.

    I have watched a little bit of the debates on both the Democrats and the Republican. And, so far, I have been kind of just hanging loose and watching a lot. But that is a surprise on Mit Romney dropping out. But it's an expensive deal, when you on Mitt Romney dropping out so soon.

    But it's an expensive deal, when you think of the amount of money that these people are putting out...

    CAVUTO: Sure.

    EASTWOOD: ... and you — or you have to raise to run for office. It's an expensive deal, and it's expensive emotionally on the family and everything else to take that ride. I have only done it on a very small town level; 4,600 people was my...

    CAVUTO: It worked for you.

    (CROSSTALK)

    CAVUTO: But you got elected mayor.

    EASTWOOD: Yes.

    CAVUTO: Many people want to run you for president. But you're a libertarian by nature, aren't you? I mean, because you have criticized both parties in the past and both positions.

    For example, you like this president. You're not a fan of the Iraq war. You were critical of Bill Clinton on trying to get tough on cigarette companies. So, in other words, you have been consistently sort of a thorn in the side of both parties.

    EASTWOOD: Well, it's — you know, I started out in — my first voting was for Dwight Eisenhower in 1952. And the — so, I became a Republican then. And I always liked their kind of philosophy of less government, and watching the spending, and not spending more.

    CAVUTO: Well, they veered from that.

    EASTWOOD: But they have veered so far from it now...

    CAVUTO: Yes.

    EASTWOOD: ... that it's very hard not to be critical.

    And, of course, both parties and both houses seem to be spending like drunken sailors at times. No offense to the Navy, of course.

    (LAUGHTER)

    EASTWOOD: But — and, you know, you can't — you can't spend without looking to the future and what it's going to do, what you're passing along to other generations.

    And I know John McCain and other people have talked about that, holding down spending. And — well, we have got to do that. We're — every time there's an election now, everybody promises so many giveaways, that there's no possibility of holding it down, because, to get in office, you have to sit there and promise everybody something for nothing.

    And that's an era that's different from where I grew up, where people felt, when you — when you got something, you worked for it.

    CAVUTO: I have always thought, Clint, the winning candidate might be the unusual one who stands up and says, I'm not going to bring home bacon.

    (CROSSTALK)

    CAVUTO: You know, I'm not going to build a road or a bridge or a highway or any of that. I'm not going to do any of that.

    EASTWOOD: Yes.

    CAVUTO: I guess that candidate wouldn't get far.

    EASTWOOD: Yes. No, it wouldn't get too far, if you didn't build a bridge to nowhere or something.

    (LAUGHTER)

    EASTWOOD: But if you — but, yes, if just got up and were honest. But the people, the public has been so used to the B.S. factor that's out there, that it seems to be that's what everybody runs on.

    CAVUTO: Have any of them tried to seek you out? I mean, that's the big thing these days, get a big actor or actress, a movie star, to say I'm the greatest thing since sliced bread. I'm sure they bang on your door.

    EASTWOOD: Well, I — when I was mayor of Carmel some years ago, some people came to me and asked if I was — they thought I was sort of positioning myself to go for a Senate race or governor or something like that. But that isn't my idea of a good time.

    CAVUTO: Did you ever entertain it, now knowing what Arnold Schwarzenegger was able to pull off?

    EASTWOOD: No. No. And now, seeing how much work he has, I would less entertain it.

    (LAUGHTER)