This is a rush transcript from "Hannity & Colmes," January 31, 2008. This copy may not be in its final form and may be updated.

SEAN HANNITY, CO-HOST: And Senator John McCain is gaining momentum, but not all conservatives are jumping for joy. Senator McCain is a polarizing candidate for many. And critics point to his stance on immigration, his work with Russ Feingold. But with a potential Hillary Clinton candidacy on the Democratic side of the aisle, will true conservatives eventually fall in line and support the Arizona senator?

Joining us now, author of the "New York Times" best seller, "If Democrats Had Any Brains, They'd be Republicans," our friend Ann Coulter. How are you?

ANN COULTER, AUTHOR, "IF DEMOCRATS HAD ANY BRAINS": Fine, thank you.

HANNITY: I'm standing on substance here.

COULTER: Yes.

HANNITY: It's immigration. It's limits on free speech. It's not supporting tax cuts.

COULTER: It's Anwar. It's torture at Guantanamo.

HANNITY: Class warfare rhetoric. It's interrogations. It's Guantanamo. It's Anwar. These are not small issues to conservatives.

COULTER: No, and if you're looking at substance rather than whether it's an R or D after his name, manifestly, if our's candidate than Hillary's going to be our girl, Sean, because she's more conservative than he is. I think she would be stronger on the war on terrorism. I absolutely believe that.

HANNITY: That's the one area I disagree with you.

COULTER: No, yes, we're going to sign up together. Let me explain that point on terrorism.

HANNITY: You'd vote for Hillary —

COULTER: I will campaign for her if it's McCain.

HANNITY: If Hillary is watching tonight, you just got an endorsement —

COLMES: I just heard the word no.

COULTER: I was touched when she cried. That part isn't true. But the rest of it is true. He has led the fight against — well, as you say, interrogations. I say torture at Guantanamo. She hasn't done that. She hasn't taken a position in front.

HANNITY: Without interrupting you, let me give you one distinction — that's what liberals do to you. Let me give you one distinction, he did support the war —

COULTER: So did Hillary.

HANNITY: But he stayed with it. He supported the surge. I didn't like his criticisms of Rumsfeld, but he was right —

COULTER: OK, let's get to him supporting the surge. He keeps going on and on about how he was the only Republican who supported the surge and other Republicans attacked him. It was so awful how he was attacked. It was worse than being held in a tiger cage.

I looked up the record. Republicans all supported the surge. He's not only not the only one who supported the surge, I promise you no Republican attacked him for this. And you know why he's saying that, Sean, because he keeps saying it at every debate, I'm the only one. I was attacked by Republicans. He's confusing Republicans with his liberal friends. They're the ones who attacked him for it, his real friends.

HANNITY: Hillary Clinton, if she gets her way, will nationalize health care. She's going to pull the troops out of Iraq.

COULTER: I don't think she will.

HANNITY: That's what she's saying she's going to do. She says in a hundred days she's immediately going to begin to pull out.

(CROSS TALK)

COULTER: She's running in a Democratic primary. He's running in the Republican primary, and their positions are about that far apart. When George Bush said at the State of the Union Address that the surge is working in Iraq, Obama sat on his hands, Kennedy sat on his hands, Hillary leapt up and applauded that we are winning in the surge and that the surge is working in Iraq.

She gave much better answers in those debates when Democrats like Obama and Biden were saying what do we do? What do we do if three cities are attacked. She said, I will find who did it and I will go after them.

HANNITY: You want to sit back.

(CROSS TALK)

ALAN COLMES, CO-HOST: Can I just say something — Ann -

(CROSS TALK)

COULTER: Hillary is absolutely more conservative.

COLMES: My work is done. My work is done.

COULTER: Moreover, she lies less than John McCain. I'm a Hillary girl now. She lies less than John McCain. She's smarter than John McCain, so that when she's caught shamelessly lying, at least the Clintons know they've been caught lying. McCain is so stupid, he doesn't even know he's been caught.

COLMES: Go. In fact, could you fill in for me next week? Let me get this straight, would you vote for Hillary Clinton?

COULTER: Yes.

COLMES: You would actually go in a voting booth —

COULTER: If it's close and the candidate is John McCain, because John McCain is not only bad for Republicanism, which he definitely is. He is bad for —

(CROSS TALK)

COLMES: Can I tell you the last thing that Hillary Clinton wants? Ann Coulter's endorsement.

COULTER: Even now he's running as a Republican, he won't give up on amnesty. At that debate the other not —

(CROSS TALK)

COULTER: I'm serious.

COLMES: I know, but let me get serious for a second, because so far I haven't. Look, are you telling me — look at all the people endorsing McCain. I'm not talking about Johnny come lately Republicans. Nancy Reagan is wrong? Rick Perry is wrong? Arnold is wrong? Charlie Crist is wrong?

COULTER: Other than Nancy Reagan —

(CROSS TALK)

COULTER: I will explain. It's not that they're wrong. Other than Nancy Reagan, and by the way we loved Nancy Reagan for loving Ron Reagan. We didn't love her for her political persuasion.

(CROSS TALK)

COLMES: All of these people are off the beat.

COULTER: I'm trying to answer the question. Stop talking. I'm moving Nancy Reagan to the side, and I'm saying all the rest of these political endorsements mean one thing; they think he's the front runner. They want a job in his administration. Nothing means less than an endorsement from someone who wants a position.

COLMES: They're all hoes just looking for a job?

COULTER: No, but they all do want jobs.

COLMES: I'm giving her the opportunity —

COULTER: They do all want jobs. It's good to be friends with the king. Some people —

HANNITY: Will you be careful.

COULTER: Some people don't care about being the king.

Watch "Hannity & Colmes" weeknights at 9 p.m. ET!

Copy: Content and Programming Copyright 2008 Fox News Network, LLC. ALL RIGHTS RESERVED. Transcription Copyright 2008 Voxant, Inc. (www.voxant.com), which takes sole responsibility for the accuracy of the transcription. ALL RIGHTS RESERVED. No license is granted to the user of this material except for the user's personal or internal use and, in such case, only one copy may be printed, nor shall user use any material for commercial purposes or in any fashion that may infringe upon Fox News Network, LLC'S and Voxant, Inc.'s copyrights or other proprietary rights or interests in the material. This is not a legal transcript for purposes of litigation.