This is a rush transcript from "Hannity," November 2, 2012. This copy may not be in its final form and may be updated.


PRESIDENT BARACK OBAMA: He is saying he is the candidate of change. Now, now, don't boo, vote. Vote.

But let me tell you, Colorado, we know what change looks like. We know what's going to help the middle class. We know what's going to grow jobs. We know what's going to reduce the deficit.


SEAN HANNITY, HOST: Oh, really? If you know he how to do all these things why haven't you done them the past four years? Is that the best you have got, Mr. President? Now, we've seen what your hopey-changey thing has brought us all. Today, the unemployment rate rose yet again. It is higher than when you took office four years ago and now stands at 7.9 percent.

Remember, at this point in your presidency, you predicted that by October of 2012, the unemployment rate would be -- oh, let's see -- 5.2 percent at this stage.

Now earlier, Congressman Paul Ryan talked about the long list of Obama's broken promises. There's no end to it. Watch this.


REP. PAUL RYAN, R-WIS., VICE PRESIDENTIAL NOMINEE: Remember when said he would cut the deficit in half? I don't even have to follow up that one, do I?

What we are seeing today is that 23 million Americans are struggling to find work today. What we see today is that 15 percent of our fellow countrymen and women are living in poverty. This is the highest poverty rate in a generation. The economy is growing at less than half the rate that the president said it would be growing at if only he could borrow a bunch of money and spend it on his cronies in the stimulus package.

We are 9 million jobs short of what he said he would accomplish.


HANNITY: Now, the simple truth is the Obama administration has done nothing to move this country forward, only backwards.

And here to respond to the president's chances on Tuesday, his handling of the storm and much more, former Alaska governor and Fox News contributor, Sarah Palin.

Governor, this is simple for me. One in six Americans in poverty. We have $6 trillion debt. Seventeen million -- 17 million more Americans on food stamps, bringing the total to 49 million.

For every one job Obama created, 75 more people got on food stamps during his presidency and there is 25 million unemployed Americans.

Does that -- does that person deserve reelection?

SARAH PALIN, R-FORMER ALASKA GOVERNOR: And don't forget our deflated currency and the oncoming inflation that will be a result of that.

Sean, you know, just a few examples that you gave in the previous minutes of your commentary certainly show that all of that hopey-changey stuff of this Obama administration is really ending in a big, messy, loud, bloody train wreck. And four more days, it just can't come soon enough.

HANNITY: I agree with you.

All right. So, what do we make of -- you know, now we've got a situation -- why do I believe -- I wonder if hurricane Sandy hit Ohio or Virginia harder or any of the important swing states president comes in and photo op, big hug with Governor Chris Christie and patting each other on the back and a lot of -- you know, we are all doing great and every politician's name is named.

Let's see -- we've got four days, we've got no electricity for millions. We've got one in three gas stations open, six hour waiting lines. We've got people suffering, freezing, starving.

No water, no gas, homes destroyed, and no government. You can't see any FEMA help here. Nothing.

PALIN: Well, it's quite a shame that, you know, Obama got what he wanted out of that and that was the photo ops with a Republican governor so that he and the mainstream media could kind of fake that bipartisanship that in no way, shape or form does President Obama represent. He is the most partisan president I think that we have ever had.

So, he got his photo ops out of that unfortunately because then he got to jet off and you know, here he goes again.

HANNITY: Back to Vegas.

PALIN: Party in Vegas with Jay-Z.

And quite unfortunate because as you say, Sean, people are truly suffering and this isn't a time for politics, and I think it is quite a shame that President Obama chose to seize the opportunity, along with the complicit lap dogs in the media to make it a political statement.

HANNITY: I got to tell you something and when you hear people saying they are dying, when you hear people saying they have no food, when you hear people saying they are freezing, when you hear -- you know, the president is just out campaigning. And the media in this country is so complicit, so wanting this guy to win it is unbelievable.

What do you predict for Tuesday night? What's your prediction?

PALIN: Well, first, Sean, the media is so corrupt. That's what the bottom line is, the lamestream media.

People through the example of the storm they cannot put their hope and their faith in government. They can't put their faith in some politician.

They've got to be self-sufficient and dependent on something greater than some politician in Washington, D.C. So, that's a lesson learned in this.

But Tuesday night, you know, I think that many, many people across America who perhaps before wanted to put their hope and their faith in Obama's false promises have awakened and we may be up late Tuesday night as Senator John McCain said earlier on a Fox program, I agree with that. But I do believe that enough Americans have awakened and understand that it is time for a shift, a fundamental transformation not of our country but a transformation of what we perhaps had previously believed in, in the name of politics so that we can get America back on the right drag.

HANNITY: All right, Governor. And, by the way, I notice even on your sweatshirt, you've got an American flag. Pretty picture --

PALIN: Amen.

HANNITY: Thanks for being with us.

PALIN: Thank you.

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