Herman Cain: The Republican Party is shooting itself in both feet

This is a rush transcript from "On the Record," March 17, 2016. This copy may not be in its final form and may be updated.

GRETA VAN SUSTEREN, FOX NEWS HOST: I know you're furious. I see your Facebook post, I see your tweets, your emails. But you're not just a little bit unhappy, you're furious. And it's not just Republicans. Republicans, Democrats and independents, you have all had it.

Now I get out of the studio, I travel, I talk to people and I do hear you. You want jobs, you want opportunity, some fair shakes so you can get ahead. I don't blame you. You've had empty promises and it's been an unending struggle to get anything done.

So this 2016 campaign matters. It matters big time, whether you are a Democrat, a Republican, or an independent. And, tonight, we have new information on this bruising 2016 battle for the White House and it starts with former presidential candidate Mr. Herman Cain.

But, first, here are the candidates.


DONALD TRUMP, GOP PRESIDENTIAL CANDIDATE: I do want to finish this off. I'm dealing with two smart, tough guys.

GOV. JOHN KASICH, GOP PRESIDENTIAL CANDIDATE: And you know, we are not going to get there by bashing one another.

SEN. TED CRUZ, GOP PRESIDENTIAL CANDIDATE: Donald has a hard ceiling of maybe 35 percent to 40 percent. He can't go above that. He has proven over and over again.

TRUMP: The last person Hillary Clinton wants to face is me. And I mean, I know that for a fact.

KASICH: And we are fighting for the future of this country, for the spirit of this country.

CRUZ: Not only do I beat Donald, but I beat Donald by double digits.

TRUMP: I want to make sure I end up winning. I would like to get to the finish line. I'm pretty good at getting to finish lines.


VAN SUSTEREN: Joining us, former presidential candidate Herman Cain. Good evening, sir.


VAN SUSTEREN: Let's start with the Republican Party. Is Donald Trump unbeatable for the nomination?

CAIN: Donald Trump is not unbeatable for the nomination, but he can win the nomination because I don't buy the delegate math that says he is not going to get the 1237 votes that are required.

I happen to believe that some people who may not have made up their minds in some of these states may come over to Donald Trump, when they hear accurately what some of the proposals he has made will do for those issues that's important to them -- jobs, the economy, strengthen the military, building the wall, et cetera. They just have not been exposed enough to what his true message is because of the perception that's being spoon fed.

VAN SUSTEREN: All right. Why do I have such a perception that there is a huge rupture in the Republican Party, that they are teetering on this. I don't know what's going to happen, but it looks really bad.

CAIN: Because you are correct. The Republican Party is shooting itself in both feet. You have Donald Trump, who is leading, who could sow up the nomination but you have this faction out there. They call themselves conservatives, not necessarily Republican conservative activists who are dead set against Donald Trump.

Now, you have other outside sources that smell blood in the water. You have anonymous, which is a group that's threatening to bring down Trump's organization. You have "Black Lives Matter," who are threatening violence if Trump gets the nomination. And now you have Harry Reid piling on. So what they see is a fractured Republican Party as you pointed out. And they are taking advantage of this, trying to continue to get the Republican Party to destroy itself.

VAN SUSTEREN: All right. Where is Senator Ted Cruz and Governor Kasich? Where do they sort of fit into this narrative, of this growing, at least what I consider growing rupture in the Republican Party?

CAIN: Well, I think they are basically using the negative fracturing of the party to hopefully to their advantage because they realize that they have got to take some body blows against Donald Trump in order to hopefully begin to increase the primaries that they are going to win.

Here's the other thing about all of these attacks on Donald Trump and all of the other efforts out there to bring down Trump. They are trying to scare voters into not voting for Trump with things such as there's international angst, that he is going to upset some of our allies.

We already know that the conservative activists as they call themselves, that they are determined that they might try a third party.

All of this is to try and scare voters away from Trump. And, Greta, I don't believe it is working and I don't believe it will work.

VAN SUSTEREN: But Donald Trump has sort of done the reverse scare. He has said that -- he has made noises about that pledge that if the Republican Party is not good to him, he is going to bolt.

CAIN: Well, they wanted him to sign the pledge and he did. Now they are reneging on the pledge that they wanted him to sign. This is hypocrisy.

And I'm telling you that the people that are supporting Trump, they represent this bigger tent of conservative/Republican voters.

See, getting hung up on the labels is what a lot of the supporters of Donald Trump aren't getting hung up on. But, yet, the label people like the Republicans and conservatives, they are getting hung up on these labels.

So, yes. He is going to challenge them and say you want -- made me sign, this so now you want to undo all of that and create a double standard.

I don't think it's going to work. And I also happen to believe that the convention, the convention if they play by the rules, Donald Trump can still win.

VAN SUSTEREN: Mr. Herman Cain, thank you, sir.

CAIN: Thank you, Greta.