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CNBC Transcript of 'Your Money, Your Vote' Republican Presidential Debate
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CNBC's "Your Money, Your Vote: The Republican Presidential Debate" Live from Oakland University in Rochester, MI ...
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BARTIROMO: And good evening, everyone. I'm Maria Bartiromo.
HARWOOD: I'm John Harwood.
And welcome to CNBC's Republican Presidential Debate.
(APPLAUSE)
BARTIROMO: Tonight, we are here in the great state of Michigan for a debate that will focus almost exclusively on the economy and how to fix the financial problems of our country.
On the stage tonight from left to right: Senator Rick Santorum.
(APPLAUSE)
BARTIROMO: Congresswoman Michele Bachmann.
(APPLAUSE)
BARTIROMO: Speaker Newt Gingrich.
(APPLAUSE)
BARTIROMO: Governor Mitt Romney.
(APPLAUSE)
BARTIROMO: Mr. Herman Cain.
(APPLAUSE)
BARTIROMO: Governor Rick Perry.
(APPLAUSE)
BARTIROMO: Congressman Ron Paul.
(APPLAUSE)
BARTIROMO: And Governor Jon Huntsman.
(APPLAUSE)
HARWOOD: The candidates will have 60 seconds to respond to questions, 30 seconds for follow-ups and rebuttals. Those will be at the discretion of the moderators.
We also want you, the candidates, to help us out a little bit, by answering the questions as directly and specifically as you can. I know you want to. You have proven that. But just in case you get off topic, maybe by accident, we may have to interrupt you.
BARTIROMO: Throughout the evening tonight we will be joined by an all-star lineup of the smartest people on CNBC.
First up tonight, Jim Cramer, the host of "Mad Money."
Jim, welcome.
CRAMER: Thank you, Maria.
(APPLAUSE)
HARWOOD: And we also want to hear your voice. Go to our Web site, Debate.CNBC.com, and tweet us at CNBCDebate.
All night we'll be showing your tweets on the bottom of the screen, so all of the candidates will have even more of a motive to impress.
BARTIROMO: In the interest of time, the candidates have agreed to forego opening and closing statements tonight. So let's get started.
And we begin with you, Mr. Cain. I want to begin with what we saw today, another rough day for our money, for our 401(k)s. Once again, we were all impacted by the news that the Dow Jones Industrial Average dropped 400 points today. The reason, Italy is on the brink of financial disaster.
It is the world's seventh largest economy. As president, what will you do to make sure that their problems do not take down the U.S. Financial system? It is the world's seventh largest economy.
As president, what will you do to make sure their problems do not take down the U.S. financial system?
Data is a real-time snapshot *Data is delayed at least 15 minutes
