• With: Rep. Ron Paul, R-Texas

    This is a rush transcript from "Your World," December 2, 2011. This copy may not be in its final form and may be updated.

    NEIL CAVUTO, HOST OF “YOUR WORLD”: Well, the jobs news not good news for Mitt Romney. Here's another. The Republican front-runner might not be the front- runner, at least not now. According to Rasmussen, Newt is the party's new beauty, the former speaker now the present Republican leader for now.

    To a not-so-convinced Ron Paul. The Texas congressman joins me out of Manchester, New Hampshire. Congressman, what do you think of that poll?

    REP. RON PAUL, R-TEXAS, PRESIDENTIAL CANDIDATE: Showing Newt well ahead?

    Well, there's been quite a few that jump up in the polls and they quickly go down. So only time will tell how long he'll be up there.

    CAVUTO: You have your doubts as to whether this up-again/down-again state of Republican leaders continues. Right?

    PAUL: Yes, I would have to think so.

    Any of these polls, somebody announces, then they're at top within a week and then they're down in three weeks and it is up and down.

    CAVUTO: Right.

    PAUL: They cannot be all that reliable.

    I was just talking to some people today that seemed to be pretty knowledgeable of how politics work. And he says in reality people wait until the last couple of weeks and then they really make up their minds. We're getting awfully close to that, but there will still be a lot of minds made up yet between now and next month.

    CAVUTO: You have said -- and we will get to this in a second into a little more detail, Congressman -- that you don’t think Newt Gingrich is a true conservative. What did you mean by that?

    PAUL: And who said he was a true conservative?

    CAVUTO: You did. You doubted that he was a true conservative.

    PAUL: Oh, I doubted it. Yes, I thought you said I said he was.

    Well, you know, you get in -- playing these games on semantics.

    What I think a true conservative is might not be exactly what you think a true conservative is. But what I think about as true conservative in voting in Congress over the years is when you have a vote on a conservative issue, you only get 10 or 15 or 20, maybe 30 voting what the true conservative position is.

    And I would say that I never remember or thinking that Newt Gingrich was part of that group.

    CAVUTO: Interesting, because you sort of upped the ante here that since we had this surge of Newt Gingrich, you have probably led more than others the effort to reassess the whole Gingrich presidential candidacy.

    This ad is what is striking people’s attention. We have a clip from its right here.

    (BEGIN VIDEO CLIP)

    NARRATOR: Newt Gingrich renewed his support for an individual mandate, a key tenant of President Obama’s health care law.

    RUSH LIMBAUGH, RADIO TALK SHOW HOST: Support for an individual mandate? Folks, don’t ask me to explain this.

    NEWT GINGRICH (R), PRESIDENTIAL CANDIDATE: And a real question of seriousness.

    UNIDENTIFIED MALE: Everything that Gingrich railed against when he was in the House, he went the other way when he got paid to go the other way.

    UNIDENTIFIED MALE: You are an embarrassment to our party.

    UNIDENTIFIED FEMALE: He’s flipped and flopped based on who is paying him.

    UNIDENTIFIED MALE: He's demonstrating himself to be the very essence of the Washington insider.

    (END VIDEO CLIP)

    CAVUTO: Boy that was a fast spot to get out there. When did you guys put this together?

    PAUL: That was just a couple of days ago. As a matter of fact, that wasn’t too tough because we didn’t have to be too creative. We just had to get some clips mostly of what he said or someone else said about him. So we weren't all that creative. We don’t have any creative language in there. That's not me giving an opinion.

    It was just a recording. I think one of the things, I really don't like that part of politics, and I wish we could just debate purely the issues. But I think I was a little bit frustrated with the fact that these events were not being fully discussed in the media.

    At the same time, I thought the media was getting out-of-control when they were dwelling so much time on another candidate and had nothing to do with his issues and his beliefs. And of course you know who I'm talking about.

    CAVUTO: Are you talking about Herman Cain right now?

    PAUL: Yes. How much time should we spend on that?

    I don't say the media shouldn’t even talk about it, but if you go back and look at the hours spent on that vs. the little bit of information talking about the flip-flopping of the candidates and their positions, I just thought it was necessary to get some of that information out.

    CAVUTO: I take it from that, you mean you that this announcement that Herman Cain is going to make tomorrow I guess whether he is in or out of the race, you don't think that this should be the issue that takes him out of the race?

    PAUL: I would have preferred that it would have been his proposal for a national sales tax and the fact that he was closely connected to the Federal Reserve System, and that he supported the bailouts.

    That, to me, was much more important than spending the time and energies and the amount of airtime used to talk about something that, like I said, was important. But in priorities, I would have said that these issues are more important, whether they are Herman Cain’s or Newt Gingrich’s positions. I think we should talk about where they have been and what they do and how often they change their tune. And I think that would be a much better use of time on the air.