This is a rush transcript from "Hannity & Colmes," January 10, 2008. This copy may not be in its final form and may be updated.

ALAN COLMES, CO-HOST: Finally tonight, time to announce who you think won tonight's Republican debate.

The winner is Ron Paul with 32 percent, followed by Fred Thompson with 22 percent. In third place, Mike Huckabee, with 18 percent.

By the way, we invited Ron Paul along with the other candidates, all of whom appeared tonight except Ron Paul. He said he had another event to go to and declined our invitation.

SEAN HANNITY, CO-HOST: By the way, Ron Paul did not win, in my opinion, by any means. As a matter of fact, I think he lost the debate tonight.

(CROSSTALK)

HANNITY: I got chased by the Ron Paul people.

COLMES: I'm going to tell you. I have a snowball here, by the way.

But he was invited to be with us tonight.

HANNITY: What was interesting, I thought Fred Thompson -- Frank Luntz's group has shown Fred Thompson had a big night tonight. Mitt Romney, Rudy Giuliani and Senator McCain. I mean, and Mike Huckabee. They said it was a strong debate tonight.

(CROSSTALK)

COLMES: I say this as somebody who obviously is on the other side here, but I thought it was one of the better debates tonight. The questions were good. I thought it was a good give and take among the various candidates, and I thought all of them did well.

HANNITY: You know what's great is when we finally get to the general election, as we have been discussing all throughout this campaign, there are such distinct differences that will be highlighted, Republican versus Democrat, and I think that's good for the public. And when those debates begin, it will be interesting.

COLMES: And when you lose it'll be a validation of the things I've been saying all along.

HANNITY: I'll take that bet. I won a couple from you over the years.

COLMES: Do you think Republicans will win the presidency?

HANNITY: I think there's a very good chance, yes.

COLMES: Am I going to get a steak dinner at Ruth Chris?

HANNITY: I think you might, yes.

COLMES: All right. Maybe a couple of them, if you want to up the ante.

HANNITY: If you lose.

COLMES: You want to do it that way.

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