This is a rush transcript from "Your World," November 29, 2011. This copy may not be in its final form and may be updated.
NEIL CAVUTO, HOST OF "YOUR WORLD": Is Buddy looking up to buddy up on a third-party ticket? Republican presidential candidate former Louisiana Governor Buddy Roemer.
OK, he joins us right now. I'm sorry for that pregnant pause.
CAVUTO: I tell ya, without the prompter, I am worse than the president.
CAVUTO: So, what do you make of this?
I mean, that was a joke. I'm sorry.
BUDDY ROEMER, REPUBLICAN PRESIDENTIAL CANDIDATE: -- that was a joke.
CAVUTO: It was a little, teeny -- what are you trying to do? You want a ticket, a bipartisan ticket, a Democratic running mate, or what?
ROEMER: Well, I'm a Republican and a proud Republican.
But I'm a prouder American. And I have gone through this Republican process. And at the heart of my strategy, I don't take big checks. I'm $100, no PAC money. I have never taken PAC money in my life. It is hidden. You don't know who gave it. I think...
CAVUTO: You wouldn't take big PAC money if it became available?
ROEMER: No. I don't take it. I didn't take it running for governor. I didn't take it running for Congress. Every time, I got re-elected.
CAVUTO: So, what would a fusion ticket be, with you, I presume, heading it?
ROEMER: It would be a Democrat associated with me. It would be a unity ticket. It's called Americans Elect is the idea.
It wasn't my idea. They have developed it for months. We would pick a Democrat who believed in my economic values, which are conservative, who believed in growth, who believed in fair trade with China, and who believed that campaign reform is the most important issue in this campaign.
CAVUTO: Who would you hook up with?
ROEMER: Well, I'm not prepared to say yet. I need to give that more thought. However...
CAVUTO: Obviously, I thought you would have done your homework before you got here, Governor.
CAVUTO: No, I'm kidding. But, I mean, you have mentioned -- Joe Lieberman's name comes up.
ROEMER: Joe Lieberman is a name, Erskine Bowles.
CAVUTO: So you want not a liberal Democrat, a more moderate type Democrat.
ROEMER: Yes. Erskine Bowles of Simpson-Bowles.
CAVUTO: Sure. Right.
ROEMER: Somebody that you would count on, somebody that you would call me up and say, Roemer, way to go. That is who I am looking at.
CAVUTO: And I have talked with Michael Bloomberg about this and others who might or might not have pondered third-party runs. It is such a heavy load to get on all the state ballots.
ROEMER: It is. It is.
CAVUTO: And even when you do, far from guaranteed you get the electoral votes.
ROEMER: There's no question it is a hard way to go, but look at me now.
As a proud Republican, I have not been invited to a single debate. There have been 10 national debates. My average donation is $60. I need to be on a national debate. Most people in America don't even know I am running. I'm the only guy running who has been a congressman and a governor.
I have actually balanced the budget. I have actually done tax reform. We took unemployment in Louisiana down from 12 percent down to below 6 percent. These things can be done. But you start with the corruption. And I don't guess the powers that be in my own party want to hear that message.
CAVUTO: So you are a little ticked that you are not invited to these debates. I can understand that. We had former New Mexico Governor Johnson here.
ROEMER: Well, he has been invited to two.
CAVUTO: Right, I know, two more than you. But he also is considering this.
Normally, third-party candidates or those who go outside the mainstream to challenge are usually ticked off because their parties have rejected them.
ROEMER: Well, I think -- and Gary has expressed that to me, not to put words in his mouth. That he was really ticked off at what the Republican Party had done for him.
I didn't expect much. I'm gonna be honest. I'm not ticked off. I'm not surprised. I'm just reporting the fact. Here is a candidate who has been in private business for 20 years, and very successful, a bank approaching $1 billion, with no bailout, and very profitable, a man who...
CAVUTO: You're talking about yourself.
ROEMER: Talking about myself. And the same man has been congressman.
CAVUTO: Talking in the third person about...
ROEMER: Been a congressman and a governor. I have...
CAVUTO: So you are definitely to going to do this?
ROEMER: I'm going to do it.
CAVUTO: And a Democrat will be with you?
ROEMER: I'm going to stick in the Republican Party.
CAVUTO: Do you think you will siphon votes from Republicans?
ROEMER: I don't know. I will siphon votes from Americans who put their country first, who thinks we need to create jobs and who are tired of Washington being bought and sold by special interests, Neil. They own Washington.
CAVUTO: OK. Gotcha.
We will watch closely, Governor. You are a powerful speaker. You make a powerful case.
ROEMER: You're the man.
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