• With: Mark Levin, radio host

    This is a rush transcript from "Your World," July 17, 2012. This copy may not be in its final form and may be updated.

    NEIL CAVUTO, HOST OF "YOUR WORLD": They asked for it. Today, they got it. Mitt lets her rip over this.

    (BEGIN VIDEO CLIP)

    PRESIDENT OBAMA: Invest it in roads and bridges. If you have got a business, that -- you didn't build that. Somebody else made that happen.

    MITT ROMNEY (R), PRESIDENTIAL CANDIDATE: Somebody else made that happen.

    (BOOING)

    ROMNEY: That somebody else's government, in his view. Do we believe in an America that is great because of government? Or do we believe in an America that's great because of free people allowed to pursue their dreams to build their future?

    (CHEERING AND APPLAUSE)

    ROMNEY: The idea to say that Steve Jobs didn't build Apple, that Henry Ford didn't build Ford Motor; to say something like that is not just foolishness. It's insulting to every entrepreneur, every innovator in America. And it's wrong.

    (CHEERING AND APPLAUSE)

    ROMNEY: President Obama attacks success and, therefore, under President Obama, we have less success. And I will change that.

    (CHEERING AND APPLAUSE)

    (END VIDEO CLIP)

    CAVUTO: Well, clearly, the Mormon is stormin'.

    And just count one Mark Levin loving.

    Mark, what do you make of his response today?

    MARK LEVIN, FORMER U.S. DEPUTY ASSISTANT EDUCATION SECRETARY: I like it. Now, four more months of this and we should be OK, because, look, the fact is, and what Romney is tapping into there, is we Americans we're not about welfare and food stamps and unemployment and government health care and all the rest of that crap. We're about success. That is the American dream. We Americans are about independence and free will and the pursuit of success. And what Obama said on Saturday is so outrageous. He's disrespecting the American people. Everybody out there who holds a job and works hard and applies their skills and gets an honest -- puts in an honest day for a paycheck or starts a business, he just slapped everybody around, because it's never been millionaires and billionaires with Obama.

    He despises the capitalist system. His attacks on Bain Capital Neil, it's not about Bain Capital. It's not because Bain Capital was a failure. It's not because Bain Capital killed jobs. He despises Bain Capital because it's a success and it created jobs, the same reason he despises energy and the health care industry and all these other private enterprises that he's seeking to undo.

    CAVUTO: Well, what was most telling in the president's remarks over the weekend was the fact that it wasn't the entrepreneurs that did it alone. He was more or less saying that they had plenty of help.

    But he seemed to be saying, beyond just whether they had relative help or whether they had friends and co-workers, but he took it by greater extension to the government, even detailing, as some of his supporters later did, providing the very roads and bridges that got you to your destination, which I thought bordered on lunacy.

    But I'm wondering now, given Mitt Romney's very, very vitriolic response, whether those lines of attack, since they seem to be, you know, targeted right at Mitt Romney and how he acquired his wealth, whether that was essentially what conservatives ordered in terms of the response they wanted to see out of Mitt Romney, period.

    LEVIN: Well, let me say two things about what you said.

    The first part of what you said, I didn't know we were having a national debate over roads and bridges. I thought we were having a national debate over someone who's trying to fundamentally transform America and destroy our capitalist system. That's a little different than having a debate over roads and bridges.

    And the road to nowhere is the road to nowhere. The reason you have roads is for mobility and commerce, not just to have roads. But that aside, we conservatives have debated and fought left-wing radicals like Obama since high school and college and law school.

    We know how to fight them. You cannot fight them like RINOs and establishment Republicans who are always afraid about landing a right hook while they're taking 15 punches. So we understand how to fight these people.

    And the way you fight Obama is to know who he is. And, so, this is why I put out my statement, for what it's worth, over the weekend. Take what Obama is doing and turn it on him. This man has low-hanging fruit all over the place. Start picking it. It's ripe. He's responsible for the low unemployment rate. He's responsible for the high foreclosure rate.

    He's responsible for outsourcing our credit to the Chinese and outsourcing NASA to Russia, and outsourcing our oil to the Saudi Arabians. This man has the most disastrous record as a president running for reelection than any president in modern American history.

    CAVUTO: But, you know, Mark, something the president said hit a nerve – I've been listening to you -- hit a nerve with you. It clearly hit a nerve with Mitt Romney, who has sort of been like Cool Hand Luke through this process and not getting too emotional and not getting too agitated.

    For Mitt Romney, that's about as agitated and annoyed as I've seen him, maybe because it cuts to the core of entrepreneurialism, of capitalism itself, of success in this country, where you're more or less bastardizing the concept.

    LEVIN: Yes.

    CAVUTO: And I think that, today, at least, and we'll see what happens, united a lot of conservatives, because this is what they wanted to see out of Mitt Romney.

    Do you suspect it lasts? Do you suspect his anger in response lasts? What do you want to see?

    LEVIN: I don't know. I don't know Mitt Romney that well, but I do want to see this to be a consistent effort, and just to stay on offense.

    And I think what upsets all of us who heard what he said on Saturday is Obama is attacking our heritage. He's attacking the American dream. He's attacking why we, as Americans, are special and exceptional and different from so much of the rest of the world. He's putting us down as individuals.

    CAVUTO: He says he's not.

    Now, I want to give the benefit of the doubt here. What he's saying is that these entrepreneurs could never have done it on their own, that we have the very system in place and the very opportunities and infrastructure, whatever you want to call it, in place that allows this to happen.

    It sounded like a stretch of argument.

    LEVIN: Once again...

    CAVUTO: But what do you make of that, that no man is an island; no entrepreneur is in it on his own?