• This is a rush transcript from "Your World With Neil Cavuto," August 26, 2008. This copy may not be in its final form and may be updated.

    (BEGIN VIDEO CLIP, JULY 1988)

    GOV. WILLIAM JEFFERSON CLINTON (D), ARKANSAS: In closing...

    (CHEERING AND APPLAUSE)

    (END VIDEO CLIP)

    (LAUGHTER)

    NEIL CAVUTO, HOST: You remember that? We were merciless in the media, right? Bill Clinton giving an embarrassingly long-winded speech on behalf of 1988 nominee Michael Dukakis. It was so long when, he won a thunderous ovation when he simply kind of said, "in closing," and the rest is history.

    Governor Michael Dukakis joins us right now, the 1988 nominee, who — and I was telling the governor this during the break. I think he started the Clinton era.

    Without giving Bill Clinton the opportunity to speak, I thought it all — in retrospect, Governor, it was sort of like the opportunity John Kerry gave to Barack Obama, and launched Obama.

    MICHAEL DUKAKIS (D), FORMER MASSACHUSETTS GOVERNOR: Maybe, although Clinton was one of the best governors in the country at the time. And all of us who were governors, Republicans, as well as Democrats, knew that.

    Watch Neil's interview with Michael Dukakis

    CAVUTO: Why did you choose him to be...

    DUKAKIS: Because I knew him, I liked him. And it was not his fault that the speech was so long. I mean, we approved it.

    (CROSSTALK)

    CAVUTO: Yes, it was. It was.

    DUKAKIS: It just got longer...

    (CROSSTALK)

    CAVUTO: No, he added some things, right?

    DUKAKIS: But he kids around about that.

    CAVUTO: He does. He does.

    A lot of folks say, Governor, 20 years later, it's closing, that with Hillary Clinton's speech tonight, it's over. The Clinton era is over.

    DUKAKIS: No, I do not believe that. I mean, she's going to be in the Senate, I hope with a Democratic president.

    CAVUTO: But I'm talking about presidential timber.

    DUKAKIS: In what sense?

    CAVUTO: Running for president again.

    DUKAKIS: Who knows.

    I mean, we have got a guy on the Republican side who is 72. He's running for the presidency. And Ronald Reagan was, what, when he left older than that. Your friend Dukakis is going to be 75 in November, and I feel like a kid.

    CAVUTO: Are you really?

    DUKAKIS: Yes.

    CAVUTO: Wow. OK.

    DUKAKIS: So, you know, we're — us older folks are trying to stay healthy.

    CAVUTO: But there's a feeling here that, at this convention in particular, Governor, I'm not saying they're persona non grata, but a lot of them — and you have heard from some of their supporters, the die-hards, who are saying, they are not getting respect, they are not being treated with respect. And they are not happy. What do you make of that?

    DUKAKIS: Well, I think that's a very, very thin sliver. Neil, I...

    CAVUTO: Well, Harriet says three million of 18 million votes will jump to John McCain.

    DUKAKIS: Well, I doubt that very much, because the gulf between what Hillary Clinton believes and what John McCain believes is so huge that...

    CAVUTO: I do not think they care, Governor. I think they so viscerally dislike Obama that they are going beyond issues. This is a like a Greek and Italian emotional thing, you know?

    (LAUGHTER)

    DUKAKIS: Look, a lot of it depends on her. And I think she is going to be very good, not just tonight. But she's going to go out and she is going to campaign hard, especially in those states where she did well.

    And I think it's going to be a very genuine kind of support for Obama. But, in the last analysis — and you have heard me say this before — it is going to be in those precincts that this election is going to be won.

    CAVUTO: And you think that is where Obama is very strong, but Democrats in general, I do not know if they have picked up steam since you warned about it, are not, right?