This is a rush transcript from "On the Record," January 12, 2016. This copy may not be in its final form and may be updated.
GRETA VAN SUSTEREN, FOX NEWS HOST: Only 20 days until the Iowa caucus and new trouble for Secretary Hillary Clinton. A new poll just out showing Secretary Clinton is now losing to Senator Bernie Sanders. And in that brand new Quinnipiac University poll of likely Democratic caucus goers in Iowa, 49 percent picked Senator Sanders, only 44 percent, that's 5 points less than Sanders picked Secretary Clinton.
Now this is a shocking turn around from just one month ago when Clinton held a strong lead. The ON THE RECORD political panel is here.
From "The Daily Beast," Jackie Kucinich and "Fortune Magazine" senior editor, Nina Easton.
Nina, why did Secretary Clinton drop seven points, do you think, in Iowa in one month.
NINA EASTON, SENIOR EDITOR, FORTUNE MAGAZINE: Well, I think Sanders is winning the enthusiasm contest there. I mean, people are really turning out for him.
And what's interesting, this is happening more in New Hampshire than Iowa. More women are going for him. So that's very interesting. So she is in very much in a position where now New Hampshire is next to Bernie Sanders' State. That's a home state for him. But now she is potentially going to lose in Iowa.
So she is in a position where she could lose both Iowa and New Hampshire. At the end of the day, though, I don't think it matters because right fast on the heels of that comes Nevada where she is 20 points up. South Carolina where she is 40 points up and a slew of southern states where she will do very well.
VAN SUSTEREN: You know, Jackie, what I don't get -- I mean, a lot of the voters for Senator Bernie Sanders, and I don't mean to pick on him, but they like the fact that he wants to go after big banks and do all these grand things.
And the first thing I think of, well, Bernie, you have been in Congress since 1988. What have you done? I mean, like, prove it. I mean, like, have you introduced all these bills? And have you been successful? And that's what I mean -- that's what I don't get is how she is getting beaten by a guy who hasn't been able to do that.
JACKIE KUCINICH, DAILY BEAST: Well, then, his progressive message is really resonating with that sector of Iowa.
VAN SUSTEREN: But then message versus production.
KUCINICH: Well, Iowa has broken her heart before when a progressive candidate came out of nowhere and beat her. Now I do think -- I want to play a little bit of devil's advocate that this could end up being good for Hillary Clinton because if she had -- if she had this in the bag and a lot of her supporters just didn't come out because they thought she was going to win, now they've got some fire under them. So maybe it will get them out to the caucus.
VAN SUSTEREN: I remember in 2008, it took a tear in New Hampshire to all of a sudden turn it around after she got trounced. I think she came in third. Didn't she know eight behind John Edwards and Senator Barack Obama.
EASTON: And, of course, she was the presumed nominee at that point. So that was huge. I think it's a different beast this time, though.
VAN SUSTEREN: I think, you know -- I would be beaten. I feel like this was like half full if I were her. I mean, she should be coming. She has all the super dog, right? Or most of them?
KUCINICH: Yes, especially the ones in Congress.
EASTON: She has a super delegate. She's got a ground game. She's got the money. She's got -- and she's got a lot of -- more support.
VAN SUSTEREN: And she's got the DNC chair. She has the DNC chair. Let's not forget Debbie Wasserman-Schultz.
VAN SUSTEREN: Anyway, thank you, both.
EASTON: Thank you.