• With: Sen. Mitch McConnell, R-Ky.

    This is a rush transcript from "Your World," October 28, 2014. This copy may not be in its final form and may be updated.

    NEIL CAVUTO, HOST: Republican senator Mitch McConnell telling me, and only me, that he has an idea.

    (BEGIN VIDEOTAPE)

    CAVUTO: Senator McConnell, very good to have you.

    I'm reading that -- maybe something subliminal with you in the backdrop of these Corvettes, no doubt a push for the young vote, the young male vote. How would you describe it?

    SEN. MITCH MCCONNELL, R-KY., MINORITY LEADER: Well, the Corvette Museum is in Kentucky, and all the Corvettes are made here in Kentucky. So it's kind of one of the things we do here.

    CAVUTO: That's right.

    MCCONNELL: And we're -- we're really proud of it.

    CAVUTO: Do you have a Corvette, sir?

    MCCONNELL: No, I don't.

    (LAUGHTER)

    MCCONNELL: I can't afford it.

    (LAUGHTER)

    CAVUTO: Well, you know, speaking of affording these, you just recently cut your campaign a $1.8 million check, thereabouts.

    MCCONNELL: Yes.

    CAVUTO: Many read into that that the campaign's short of dough, you're in trouble. What do you say?

    MCCONNELL: No.

    You know, I did the same thing six years ago. It's to counter all the outside ads from Harry Reid's super PAC and the Democratic senatorial committee, who all came in here and added funds in the last week. So it's simply a reaction to their doubling down on me. And I'm doubling down on them.

    CAVUTO: OK.

    I noticed both campaigns, yours and your opponent's, pulling out all the stops this weekend, Hillary Clinton, Elizabeth Warren expected to make campaign appearances on behalf of your opponent. You're going to have the country singer Lee Greenwood and I think Bobby Jindal, among others, campaigning.

    Right now, you have picked up a little bit in the polls. Are you worried, though, that the Clintons are your biggest threat this weekend?

    MCCONNELL: Yes, look, the Clintons came in big time in '08, six years ago.

    Hillary was here, actually, the day before the election in a county up in Eastern Kentucky which I had never carried before, and I did carry it that day. So I always have good luck when the Clintons come here.

    (LAUGHTER)

    MCCONNELL: And so I welcome them back.

    Look, our people are not foolish, Neil. They know there's not a dime's worth of difference between an Obama Democrat and a Clinton Democrat. The biggest issue in our state is the war on coal created by this administration. Both Clintons support the war on coal that's created a depression in Eastern Kentucky, with a lot of coal miners losing their jobs.

    It only underscores that my opponent, no matter how much she may bob and weave and try to deceive, is going to be an Obama Democrat, and our state does not like the president's agenda. We defeated him overwhelmingly in 2012. And we're going to do that again a week from today.

    CAVUTO: You mentioned Hillary Clinton, Senator. I would be remiss if I didn't mention her trying to dial back her "businesses don't hire people" remarks. What did you make of that?

    MCCONNELL: It's astonishing. It's astonishing.

    Look, one of the reasons this has been the most tepid recovery after a deep recession since World War II is this administration's view toward business in general, as if they were the enemy. Who do they think hires people? Who do they think makes the economy grow and expand? It's the private sector.

    Hillary will be just like the president, and we will see that in the campaign in 2016. She won't differ with him on anything significant. The country's had enough of this spending and borrowing and taxing and regulation and tepid growth that's a result of these kind of left-wing policies.

    So as far as I'm concerned, the Clintons can keep on coming on back to Kentucky. They have been a part of this whole mess that we have experienced here. And we're going to have a sound victory a week from now that begins to say to the American people we're going to take America in a different direction.

    CAVUTO: Are you surprised, though, that you're in the race of your life? I mean, after all, your biggest selling point is not only your longevity, but the fact that you have a good shot at becoming the next majority leader of the Senate should it tip Republican. And it's been a tough -- it's been a tough road. Why has it?

    (CROSSTALK)

    MCCONNELL: Yes, that's exactly the way it is. If you're leader of one of the parties, you get an awful lot of unwanted attention. Every crazy liberal in the country wishes me ill. The president's been trying to beat me for years.

    Look, I'm proud of my enemies. I wouldn't trade them with anybody. But anybody who ran against me this year was going to be well funded by the political left across the country, and my opponent is well funded by the political left across the country, the people in Hollywood, the people who hate coal. They have all sent her money.

    And so if you can raise a lot of money, you can put on a competitive race. They came after me in 2008 with the same kind of approach. And we had a comfortable victory in 2008, and expect to have a comfortable victory in 2014.

    CAVUTO: You know, this comes at a time when a lot of people wonder what you would do if Republicans gained power if you were elected and became the next majority leader. Among many of the things that I have heard you mention, Senator, you would do, defunding and getting rid of the Affordable Care Act was not mentioned in the top of that list. Why not?

    MCCONNELL: Well, it's the top of my list, but remember who's in the White House for two more years. Obviously, he's not going to sign a full repeal.