• With: Mark Levin

    This is a rush transcript from "Your World," February 27, 2014. This copy may not be in its final form and may be updated.

    NEIL CAVUTO, HOST: Well, happy fifth, Tea Party. Now just take the Fifth and scram, Tea Party, because in case you think the Tea Parties are celebrating five years on the national stage, today, a look how they're to busy fighting back at establishment still trying to give them the hook.

    (BEGIN VIDEO CLIP)

    REP. NANCY PELOSI, D-CALIF., HOUSE MINORITY LEADER: The Tea Party hijacked the name Republican. I wish the Republicans would take it back.

    (END VIDEO CLIP)

    CAVUTO: Well, Nancy Pelosi might just be getting her wish, because establishment Republicans are trying to do just that.

    Let's just say, five years later, those Tea Partiers are not about to let them.

    Welcome, everybody. I'm Neil Cavuto.

    And where does the time go? And it's their party and they could cry if they want to, but they're not, Tea Parties loaded for bear five years to the day they first growled their message to the world: too much spending, too much taxing, too much lying. So things were going to start changing, and they did, and fast, beginning with rallies across the nation that tended to grow by the month, a force that would later go on to topple Nancy Pelosi and Democrats in the House and make one John Boehner speaker of that House.

    But for all of their commotion, the mainstream media treated Tea Partiers as quaint as best and racist as worst. Not fair, not balanced, not remotely right. A double standard that pointed out then and point out now showed no standards. Tea Partiers were crackpots. Occupy Wall Streeters were just cool. Tea Partiers defending the flag, well, the wacky right. Occupiers burning the flag, just right on.

    Cutting taxes was selfish, living off bigger government saintly. Anti- spending was bad. Anti-war, well, good. Reading the Constitution in public, pathetic. Ripping it up in public, profound. Tea Parties divisive. Those Occupiers, well, they were incisive.

    Those covering Tea Party rallies cracked. Those covering anti-Tea Party rallies cool. I saw it for myself just as a reporter out there covering them. The message from the mainstream, just ignore them, even though there was hardly anything sinister about any of them.

    No matter. This was not about killing the messengers. This was an all-out push against their message, and it popped up again today. Take a look.

    The mainstream media constantly slamming it, to those in power having none of it, to no less than the president of the United States mocking it, the powerful Democrats who were demonizing it, even Republicans turning their back on it, but after five years under fire, Tea Partiers still fired up and having none of it, today upping the ante and sending a warning to both parties: We have had enough of it and we have had enough of you.

    (BEGIN VIDEO CLIP)

    SEN. RAND PAUL, R-KY.: I have got good news for you though and bad news. The good news is, your government is open. The bad news is, your government is open...

    (LAUGHTER)

    PAUL: ... and still borrowing over a million dollars every minute.

    REP. MICHELE BACHMANN, R-MINN.: Took the gavel out of Nancy Pelosi's hand in 2012. You did that.

    (CHEERING AND APPLAUSE)

    MARK LEVIN, TALK RADIO HOST: You will not allow your country to fail.

    UNIDENTIFIED MALE: Freedom and liberty, use them or lose them.

    (END VIDEO CLIP)

    CAVUTO: To radio talk show host Mark Levin, one of the speakers addressing that crowd today, as he has almost from the very beginning.

    Mark, good to have you. Of course, it's been a very different five years, hasn't it? Controversy in the beginning, but at least it wasn't that way among Republicans. Now it's as if Tea Party types and their message is anathema to a lot of Republicans. What do you make of that?

    LEVIN: Well, what I make of it is, the Republican Party has lost its sway.

    And but for the Tea Party movement, which is an American grassroots movement which promotes basic American values, fiscal integrity, limited federal government, constitutionalism and so forth, there would be no national voice for we, the people.

    So, it's not so much that so many of us have lost our way. It's that Washington has lost its way, and you can see it every single day, the way that they spend, the way that they borrow. And so what has happened over a five-year period?

    They have unleashed their consultants, their media. They have used the floor of the Senate and the floor of the House to disparage and malign the American people. The Tea Party is a big chunk of the American people. That's what it is.

    CAVUTO: Do you think it's a third party?

    LEVIN: I don't think it's a third party yet, but if the Republican Party continues to trash the Tea Party, that could happen.

    Look, Reagan in 1976 was right. He said, what is the point of a third party, when all we're going to do is continue to elect the left? What the Tea Party is doing is, rather than rallying to the very people who ignore them, who trash them, who will not respond to them in a positive way, they have now gone into primaries, some success, some not, just like the Republicans, just like the Democrats.

    And they have organized in different ways, which is why they're feared. If they weren't feared, if they weren't a power, they would be ignored.

    CAVUTO: Do you think that many in the mainstream, though, Mark, see the Tea Party now as more disruptive than helpful?

    LEVIN: I hope so, and I think so.

    I mean, I see these billionaires coming on your show now and then, like fellow Langone.

    CAVUTO: Ken Langone.

    LEVIN: And he can back a Chris Christie and turn around and back a Cuomo.

    People are sick and tired of this. That's utterly unprincipled. We don't want these parties to work together. We want to protect the country, preserve the republic, get back to limited government. Billionaires and millionaires are not affected so much by what is going on here, Obamacare, Dodd-Frank, high taxes, economic dislocation.