• With: Herman Cain, former presidential candidate

    This is a rush transcript from "Your World," January 10, 2012. This copy may not be in its final form and may be updated.

    NEIL CAVUTO, HOST OF “YOUR WORLD”: Meanwhile, Newt Gingrich is taking a lot of heat today, but not from the left -- from the right for sounding too much like the left.

    Listen to this.


    NEWT GINGRICH (R), PRESIDENTIAL CANDIDATE: He’s going to have walk the country through the things that they did at Bain, because in three or four cases, they don’t look like capitalism. They look like rich guys looting.

    Is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of other people and walk off with the money?

    It’s Romney who’s spent a lot of time talking about his role as a businessman, that that was one of his credentials. So I think he owes us a press conference to explain it.


    CAVUTO: All right, Speaker Gingrich standing by those comments on our air today.

    Why Herman Cain says it’s really not Newt Gingrich to blame; it’s the negative campaign against Newt Gingrich from one Mitt Romney that might have triggered all this. Herman, good to see you.

    HERMAN CAIN, CEO, THE NEW VOICE: How are you, Neil? Happy to be here.

    CAVUTO: So bad for bad, is that what’s happening?

    CAIN: Look, this is like being in the middle of a food fight.

    And one of the reasons that I have elected not to endorse anybody, I don’t want to get in the middle of a food fight, because the most important thing is the mission that I’m on. And that is to make 999 the law of the land and to help defeat Barack Obama. So, I don’t want to fragment...


    CAVUTO: All right, so it’s positive agenda you have. This is a negative-for-negative agenda.

    CAIN: Exactly.

    CAVUTO: You say Newt Gingrich was, what, pushed into this?

    CAIN: I believe he was pushed into it.

    If you look at the amount of money that was spent in Iowa against Newt, he had no choice, other than try and retaliate with something like this. I know it’s ugly. I know it’s dirty. It shouldn’t be that way, but really he had no choice in order to be able to put together something to attack Romney on at this point.

    CAVUTO: But it does sound weird, a Republican criticizing someone who did what he did through private enterprise, and not spending a dime of taxpayer cash.

    CAIN: Look, these candidates have broken the Reagan rule from the beginning. Reagan’s 13th commandment, you know, don’t go negative against another Republican. But they did it anyway. And Romney wasn’t the first one to start it. Now Newt has been backed into a corner.

    CAVUTO: Yes, but when I had Ron Paul here, Herman, he said -- he was criticized for a lot of negative campaigns targeting everybody.

    CAIN: Yes.

    CAVUTO: And he said, well, sometimes, I just go back and use their own words against them.

    And so the attack you heard from Mitt Romney and all when he had to describe some of these ads, most of which he disavowed, was that, well, were they untruthful, were they lies? No.

    CAIN: Well, see, I happen to believe, with all due respect by Representative Paul that was a cop-out, using their own words against them.

    Neil, 13 million people are out of work. Another million people have given up. And eight million people are underemployed. That means that the real unemployment rate is 18 percent. That’s what people want to hear about.

    My criticism of all of the candidate’s who’s talking about a specific positive solution to fix our most pressing domestic problem, which is the economy? You don’t hear enough about that. And the voters are getting sick of it.

    CAVUTO: But they do work, these ads, right?

    CAIN: Yes.

    CAVUTO: Whether you call them negative or not, they do plant seeds of doubt.

    CAIN: Yes.

    CAVUTO: And in this case, with Newt Gingrich in Iowa, from his 37 percent approval numbers, it planted seeds about, maybe he’s not all he says he is.

    CAIN: Right.

    CAVUTO: Which is real, the nice Newt or now the in-your-face Newt?

    CAIN: I think the in-your-face Newt brings out a side of Newt that was always there, but to his credit he was trying to hold back on doing that. But he had no choice.

    CAVUTO: OK. So, now I know you’ve left the race.

    CAIN: Yes.