• This is a rush transcript from "Your World With Neil Cavuto," September 24, 2009. This copy may not be in its final form and may be updated.

    NEIL CAVUTO, HOST: Some kudos from Hugo:


    HUGO CHAVEZ, VENEZUELAN PRESIDENT (through translator): It doesn't smell of sulfur here anymore.



    CHAVEZ: It doesn't smell of sulfur. It's gone. No, it smells of something else. It smells of hope.


    CAVUTO: All right, now Venezuela President Hugo Chavez is singing President Obama's praises at the United Nations — Venezuela today, Libya yesterday; two rogue states, two endorsements.

    With friends like that, who needs enemies?

    My next guest knows a thing or two about dealing with tough guys, especially guy who want him dead. He dodged bombs when his country was at war with Russia last year. Remember that? Mikheil Saakashvili is the president of Georgia. He's going to be addressing the United Nations tonight.

    He has all his security team in here in the studio with us, so not a single tough question will be asked.


    CAVUTO: Mr. President, very good to have you.

    MIKHEIL SAAKASHVILI, PRESIDENT OF GEORGIA: I mean, I'm not Hugo Chavez, definitely.

    CAVUTO: No.


    SAAKASHVILI: You can ask any question you want.

    CAVUTO: There's no sulfur here.

    SAAKASHVILI: In this studio, lots of sulfur, from his point of view.


    CAVUTO: Let me ask you. This is my first chance to talk to you with more time gone by since the dustup with Vladimir Putin, a man who has said some pretty crass about you, not the least of which that he wants you dead. That is pretty scary stuff.

    SAAKASHVILI: No, I don't think so, because I think that that is usual.

    I mean, from what Georgia represents, from the point of view of Vladimir Putin, is something that cannot exist. This is the country that managed to defy him. He had — he invaded us with the same number of troops as the Soviet Union invaded Afghanistan. He wanted us gone as a country. And he wanted me dead.

    And, I mean, he wanted certain parts of my body as well, as he proclaimed publicly. Well, when I heard about that and I heard about...

    CAVUTO: Yes, that was very painful when I heard that particular image.

    SAAKASHVILI: No, but, I mean, Nicolas Sarkozy, president of France, like, you should really get to notorious to the point when Nicolas Sarkozy speaks about parts of your body, I mean, basically Putin telling him about that.

    CAVUTO: Yes.

    SAAKASHVILI: And when I heard about them, I said, well, they will not have enough ropes for that. And I still insist on that, because one year since their invasion, Georgia not own only survived, but we are, like, in World Bank business ratings, it's like the top places to make business, we are number 11 in the world, just little bit behind the United States and ahead of Finland, Germany, Japan. And Russia, if you are interested, is like 105th. In terms of corruption, Russia is next to Nigeria. We are next to — and Nigeria and Venezuela, by the way, especially Venezuela...


    CAVUTO: You know, Mr. President, do you ever...

    SAAKASHVILI: And we are next to Denmark and Netherlands. And it is quite something.

    CAVUTO: But — it is something, but I always — when you tempt the tiger, the tiger can either attack or just — just pace, just wait.

    Do you sense, as many in the foreign policy community say, that — that he's just, sitting us out, just waiting?

    SAAKASHVILI: Absolutely.

    I mean, people tell me, please don't give them pretext. And that's — I argue with my friends, these kind of guys don't need pretext. They need the situation. They need to feel that, you know, the United States, free world, that — diverted somewhere else. They have lots of other allies, other bad guys, you know, like Hugo Chavez.

    You know, he — last year, Putin invaded Georgia, occupied two of our regions, wanted to take the whole of the country, couldn't make it, took the regions. We have half-a-million refugees. That is to say, one-tenth of our population. It's like exactly same thing what Nazi Germany did with Czechoslovakia and Sudetenland.

    And, you know, the only country that really fully recognized it in the world, guess who? Hugo Chavez. And that shows you something. I mean, I don't even think Hugo Chavez knows where Caucasus is. I don't know to which school did he went, but...


    CAVUTO: But what do you think of the fact that our president is — is — has more friendly relations with Vladimir Putin, was saying some very flattering things about people who used to not say very flattering things about us, and that there might be talk of a deal between Vladimir Putin and our president to slap sanctions on Iran, and that maybe you're, you know, collateral damage here?