• With: Reince Priebus, RNC chairman

    This is a rush transcript from "Your World," September 3, 2012. This copy may not be in its final form and may be updated.

    (BEGIN VIDEO CLIP)

    REP. PAUL RYAN, R-WIS., VICE PRESIDENTIAL CANDIDATE: The president has no record to run on. In fact, every president since the Great Depression who asked Americans to send them into a second term could say that you are better off today than you were four years ago, except for Jimmy Carter and for President Barack Obama.

    (CHEERING AND APPLAUSE)

    (END VIDEO CLIP)

    NEIL CAVUTO, HOST OF "YOUR WORLD": Well, Paul Ryan could have been a hit among the Republican crowd, but he will be a focus, front and center, of the Democratic crowd this week in Charlotte, North Carolina. They're going to call him on what they say were his half-truths and outright lies and say he misrepresented the president's position.

    And even more than Mitt Romney, they intend to make Paul Ryan a rising star within the Republican Party and the one that Republicans have been galvanized around, a central target.

    Reince Priebus has been watching all of this very closely. The Republican National Committee chairman is here in town holding his own party.

    Reince, good to have you.

    How do you expect to respond to those inevitable responses?

    REINCE PRIEBUS, REPUBLICAN NATIONAL COMMITTEE CHAIRMAN: Well, we have to set up shop here.

    And I just think we have so much to fight for, we have to win every day, and part of winning every day, Neil, is getting down to Charlotte, with the full staff of the RNC, with rapid response, setting the record straight, making sure that the American people know what is at stake.

    You just played a couple of clips earlier and this election will come down to a fundamental question. And it always will. So all the distractions will come and go, but this will come down to whether or not people are better off today than they were four years ago.

    And on this president's watch, he promised to carpet the world, he didn't get the job done, and no amount of smoke machines and laser lights and balloon drops are going to take away from the fact that we need to get our economy back on track and no one can do it better right now than Mitt Romney and Paul Ryan.

    CAVUTO: Reince, I'm sure you have heard that to counter Clint Eastwood, Democrats are looking to Betty White, that she might make an appearance here. I don't know if she says anything or does anything, but that the 90-year-old actress will do a far better job than the 82-year-old actor and director.

    Are you worried?

    (LAUGHTER)

    PRIEBUS: I'm shaking in my boots, Neil.

    No, I'm not worried. The fact of the matter is, Clint Eastwood came out, an American icon, and said something very simple that every American understands , Republicans and Democrats. And that is, the president made a lot of promises. He didn't keep his promises. It is time for Obama to go.

    And so that is what we will talk about. It will be a basic question for the American people. And the nice thing about our position, Neil, is that although the facts are not good for America, the facts are on our side. And I will tell you going into a closing argument, there is nothing better than having the facts on your side.

    And the facts are we are -- too many people unemployed, the president didn't do a darn thing about the out-of-control spending in this country, and he made a lot of promises. And it is too bad because the American dream is worth fighting for and that is why we're here.

    CAVUTO: Well, they are saying, Reince, and they quibble, that is not consistent to a spokesman about the four-year thing, but they are saying we have seen 29 months of steady, albeit tepid, job growth, that things are picking up in key areas and the stock market you referred to -- this would be novel for the president who has bashed the stock market to then use it in his defense -- but he can, so far saying as effectively that it has effectively doubled under his stewardship from extreme lows soon after he took office. What do you think of the argument in and will it matter?

    PRIEBUS: Yes, I heard the guy on that was before me. It sounded like Baghdad Bob to me. I don't know what world he is living in. But the fact of the matter is that we have got an economy where people are just unemployed far too long, more people unemployed for longer and matching records of the Great Depression, Neil, and a debt explosion of almost 51 percent in four years under this president.

    And here is the problem. He has not even passed the budget. The budget he proposed, Neil, was a proposal that included the biggest structural deficits in the history of America. And he has come back and he will try to sell the American people that he needs another four years?

    Another four years of what? We are in the deepest part of the ditch right now. He had his chance. And he had a chance with a Democrat majority in the House and the Senate and he didn't deliver. It is just not good enough, Neil. We have to save this country and fire Barack Obama.

    CAVUTO: All right, Reince, very good to see you, right in town not too far away, always a quick and ready response for Democrats convening.

    Reince Priebus, thank you very, very much.

    PRIEBUS: Thank you, Neil.

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