• With: Herman Cain

    This is a rush transcript from "Your World," July 30, 2013. This copy may not be in its final form and may be updated.

    NEIL CAVUTO, HOST: And on the day the president is pushing a grand bargain to get more jobs, a look at why he seems very selective about what constitutes progress on jobs.

    A few hundred for solar projects that ended up costing us billions worth the price. Only 2,000 jobs tops for the Keystone pipeline hardly worth the fuss. Never mind Republicans think he is way off. Since when are 2,000 jobs anywhere worth sloughing off, or Democratic D.C. City Council happily hiking the minimum wage and scaring thousands of Wal-Mart jobs off. Or the president himself today speaking at an Amazon facility where they're adding jobs, but because unions don't think they pay enough, they're all but waving off those jobs.

    To Herman Cain, who is just ticked off.

    Herman, what do you make of all this?

    HERMAN CAIN, CEO, THE NEW VOICE: Well, ticked off is family-friendly language for how I really feel.

    (LAUGHTER)

    CAIN: And I feel that the president is playing two games out here, Neil, distraction politics and class warfare.

    Look, the 2,000 jobs that the Keystone pipeline would probably create directly doesn't include the jobs that would be created indirectly as a result of those 2,000 jobs. Secondly, it would increase our accessibility to oil and gasoline in this country, because we are already looking at the price of gasoline being nearly twice the national average.

    Distraction politics also because in his speeches, as you know, he talks about phony scandals. Well, I got news for the president. The American people, those that not gullible, they are not buying it. There was nothing phony about the people that died in Benghazi. There's nothing phony about the abuse of the IRS. So that's number one.

    And, number two, if I may, class warfare. The demonstrations in New York by fast-food workers is nothing but the SEIU stirring the pot. Do you think Betty on the whopper board called six cities around the country and said let's have a demonstration and boycott?

    No. They are stirring the pot to try and basically push the notion that they are not being treated fairly. Let the marketplace decide.

    (CROSSTALK)

    CAVUTO: Well, let the marketplace decide. The SEIU, you're referring to the service workers union.

    But I do want to go back to the president and how he has shifted his position on jobs, particularly with regard to Keystone, because when he talked to The New York Times, he was relegating it to 2,000 jobs tops. Today, he went even further. I want to get your reaction to this, because it flies in the face of even recent comments. This is the president today.

    (BEGIN VIDEO CLIP)

    PRESIDENT BARACK OBAMA: They keep on talking about this -- an oil pipeline coming down from Canada that is estimated to create about 50 permanent jobs. That's not a jobs plan.

    (END VIDEO CLIP)

    CAVUTO: All right. A few days ago, he's telling The New York Times 2,000 jobs. His own State Department a couple of years ago said it was going to create 40,000 jobs. The companies involved peg it anywhere between 20,000 and 60,000 jobs. What is behind the moving math? What's going on here?

    CAIN: You know, Neil, in 1994, I had to point out to Bill Clinton, Mr. President, your numbers are wrong. So now I have to point out to President Obama, Mr. President, your numbers are simply wrong.

    But he is right about one thing. Keystone is not a jobs plan. It's a jobs start. Nobody ever claimed that the Keystone pipeline was going to be all we needed to get a robust economy going.

    So once again, he wants people focusing on his careless use of numbers, trying to figure out what is right, what is wrong. That's part of distraction politics, in my opinion.

    CAVUTO: All right. Well, in this environment, any job is better than no job, but good points all.

    CAIN: Yes.

    CAVUTO: Herman Cain, great seeing you again.

    CAIN: Happy to be with you, Neil. Content and Programming Copyright 2013 Fox News Network, LLC. ALL RIGHTS RESERVED. Copyright 2013 CQ-Roll Call, Inc. All materials herein are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of CQ-Roll Call. You may not alter or remove any trademark, copyright or other notice from copies of the content.