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CNBC Exclusive: Maria Bartiromo Speaks to Senator Hillary Clinton on "Closing Bell" (Transcript Included)

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WHEN: Wednesday, December 5th at 3:00PM ET
WHERE:Closing Bell

Following is the unofficial transcript of a CNBC EXCLUSIVE interview with Senator Hillary Clinton today on CNBC's "Closing Bell." All references must be sourced to CNBC.

During the exclusive interview with CNBC's Maria Bartiromo, Senator Clinton discusses a broad range of topics including her new plan to deal with the subprime mortgage meltdown, trade issues and dangerous products from China, oil prices, today's OPEC meeting, and the presidential race, among other topics.

BARTIROMO: WELCOME BACK TODAY LIVE FROM THE NASDAQ.PRESIDENT BUSH AND TREASURY SECRETARY HANK PAULSON EXPECTED TO SPEAK TOMORROW ABOUT REACHING A DEAL WITH MORTGAGE LENDERS TO FREEZE INTEREST RATES ON CERTAIN SUBPRIME LOANS FOR FIVE YEARS TO STEM THE RISING TIDE OF FORECLOSURES.NOW IN A CNBC EXCLUSIVE TO US HER OWN PLAN TO SAVE SUBPRIME BORROWERS IS DEMOCRATIC CANDIDATE HILLARY CLINTON. SO NICE TO HAVE YOU ON THE PROGRAM.

SENATOR CLINTON: GREAT TO BE HERE.

BARTIROMO: YOU FINISHED TALKING WITH CEOs AND BUSINESS LEADERS FROM THE AREA ABOUT YOUR PLAN. GO THROUGH STEP BY STEP SPECIFICALLY HOW YOU ENVISION SAVING US OUT OF THIS CRISIS OF SUBPRIME.

SENATOR CLINTON: WELL, I AM PLEASED, FIRST OF ALL,THAT IT APPEARS AS THOUGH THE BUSH ADMINISTRATION IS GOING TO WORK ON SOMETHING THAT I CALL A WORKOUT. I HAVE BEEN TALKING ABOUT THIS FOR MONTHS NOW. I SENT A LETTER TO SECRETARY PAULSON OVER THE LAST SEVERAL DAYS OUTLINING WHAT I THOUGHT SHOULD BE DONE. AND FROM THE LITTLE WE'RE HEARING, IT SOUND LIKE EVERYBODY IS MOVING IN THE SAME DIRECTION, BECAUSE THAT IS IMPORTANT. WE SHOULDN'T PLAY POLITICS WITH THIS. WE SHOULD SOLVE THE PROBLEM. I THINK IT'S AGREED UPON THAT WE NEED TO HAVE A FREEZE OR A TIME-OUT ON FORECLOSURES WHILE WE TRY TO FIGURE OUT HOW WE CAN WORK OUT THE CONDITIONS FOR PEOPLE WHO ARE IN OWNER-OCCUPIED HOMES. WE HAVE TO FREEZE THE ADJUSTABLE RATE MORTGAGES AND TRY TO FIGURE OUT HOW WE CAN BUY SOME BREATHING ROOM FOR UP TO FIVE YEARS AT LEAST. AND WE NEED TO HAVE MORE TRANSPARENCY IN THE MARKET. IN ADDITION, SOME OF THE SERVICERS HAVE TOLD ME THAT THEY'RE FRANKLY WORRIED ABOUT PARTICIPATING BECAUSE THEY'RE WORRIED ABOUT LEGAL LIABILITY TO THEIR ULTIMATE INVESTOR WHO HOLDS THE PAPER. SO WE NEED TO LOOK AT HOW WE GET THEM TO THE TABLE BUT ALSO PROVIDE THEM SOME PROTECTION. I ALSO WOULD LIKE TO SEE A $5 BILLION FUND TO HELP COMMUNITIES COME UP WITH WAYS OF KEEPING PEOPLE IN HOMES, BECAUSE OTHERWISE YOU'LL HAVE A CASCADE OF PEOPLE BEING FORECLOSED UPON, NEIGHBORHOODS TURNING TO BLIGHT, INCREASING CRIME. AND I WAS PLEASED THAT TODAY MAYOR BLOOMBERG PROPOSED SUCH AN IDEA FOR THE CITY.

BARTIROMO: WHERE DOES THAT $5 BILLION COME FROM?

SENATOR CLINTON: IT'S GOING TO COME FROM WHERE IT COMES FROM, FROM THE BUDGET, FROM EMERGENCY SPENDING. I VIEW THIS AS PART OF THE STIMULUS I THINK IS GOING TO BE REQUIRED OVER THE NEXT YEAR TO TWO OR THREE YEARS IN THE FACE OF THE ECONOMIC CHALLENGES WE FACE. IT'S NOT ONLY ABOUT OUR MORTGAGE CRISIS. WE ARE FOCUSING ON THAT BECAUSE THE EFFECTS OF IT ARE SO OBVIOUS. BUT IT'S BEYOND THAT. IT'S ABOUT WHAT'S GOING ON IN THE ECONOMY. WAGES ARE STAGNANT FOR THE VAST MAJORITY OF MIDDLE CLASS FAMILIES. HEALTH CARE COSTS AND EDUCATION COSTS AND ENERGY COSTS,ALL OF THOSE ARE INCREASING AND PEOPLE ARE STALLED. AND AS YOU LOOK AROUND THE WORLD WITH THE DECLINING DOLLAR, WITH THE FED TRYING TO FIGURE OUT HOW IT'S GOING TO DEAL WITH THIS NEW CHALLENGE, I THINK IT'S IMPORTANT THAT WE DO CONSIDER STIMULUS OF THE RIGHT KIND. AND THAT WOULD BE FOCUSED ON MIDDLE CLASS AND WORKING PEOPLE,THE VAST MAJORITY OF AMERICANS.

BARTIROMO: HAS THE FED DONE THE RIGHT MOVE SO FAR? WOULD YOU LIKE TO SEE INTEREST RATES COME DOWN FURTHER?

SENATOR CLINTON: WELL, I HAVE TO SAY I THINK IT'S UP TO THE FED TO MAKE THOSE DETERMINATIONS. I'M VERY WARY ABOUT MAKING POLITICAL PRONOUNCEMENTS ABOUT WHAT THE FED AS AN INDEPENDENT BODY SHOULD DO. BUT I THINK THEY'RE FACING A COMPLEX OF PROBLEMS. OF COURSE WE HAVE THE MORTGAGE CRISIS AND THE ACCOMPANYING CREDIT CRUNCH. WE HAVE THE FALLING DOLLAR. WE HAVE THE INCREASING TRADE DEFICIT. WE HAVE THE HUGE INDEBTEDNESS TO COUNTRIES AROUND THE WORLD. AND WHAT WE HAVE TO BE CONCERNED ABOUT IS THAT AS WE LOWER INTEREST RATES, AS THE FED HAS ALREADY DONE -- BUT WE STILL SEE THE DOLLAR CONTINUING TO FALL --WHAT DOES THAT MEAN FOR THE MEDIUM AND LONG TERM? IT'S A TOUGH CALL. AND OBVIOUSLY I'M NOT GOING TO INTERFERE IN THAT PROCESS. BUT I THINK WE NEED GOVERNMENT ACTION AS WELL AS FEDERAL RESERVE BOARD ACTION TO TRY TO TACKLE THIS.

BARTIROMO: LET'S GO THROUGH SOME OF YOUR PROPOSALS,SPECIFICALLY THE FIVE YEAR FREEZE.ISN'T THE DEVIL IN THE DETAILS WHEN IT COMES TO THIS? EVEN PAULSON'S PLAN THAT WE TALKED ABOUT YESTERDAY -- WE HAD HIM ON THE SHOW MONDAY. WHAT'S TO STOP SOMEONE FROM GAINING THE SYSTEM, SOMEONE FROM SAYING, LOOK, I DID ALL THE RIGHT THINGS. I WAS RESPONSIBLE. I TOOK ON A MORTGAGE THAT I CAN ACTUALLY AFFORD AND NOW THE PERSON WHO DID ALL THE WRONG THINGS BY GETTING IN OVER THEIR HEAD IS ACTUALLY GETTING THEIR RATE FROZEN. I'LL MISS A FEW PAYMENTS, MAKE MY FINANCIAL PICTURE LOOK WEAKER AND I GET A FROZEN RATE. HOW DO YOU STOP THAT?

SENATOR CLINTON: THREE THINGS. FIRST WHAT I INCLUDE WOULD NOT BE SPECULATORS BUT OWNER-OCCUPIED HOMES. SECONDLY, SOMEONE WHO GOES INTO THIS WORKOUT, IT'S OBVIOUSLY GOING TO HAVE IMPLICATIONS FOR THEIR CREDIT RATING. IT'S NOT GOING TO BE A FREE PASS. IT'S JUST GOING TO SAVE THEIR HOME AND THE NEIGHBORHOOD AND THE COMMUNITY THAT THEY'RE A PART OF BECAUSE AS YOU LOOK AT THE MAP, YOU CAN SEE THE CLUSTERS OF THESE SUBPRIME LOANS THAT WERE GIVEN AND THEN THE CASCADING EFFECT THAT WOULD BE SO DAMAGING. THIRDLY, THERE MAY BE SOME PEOPLE WHO, IN YOUR WORDS, WOULDBE CONSIDERED TO GAME THE SYSTEM. BUT THE OVERALL PROBLEM IS SO BIG THAT I DON'T THINK WE CAN BE FOCUSED ON THE FEW THAT MIGHT BENEFIT UNJUSTIFIABLY FROM THE MANY WHO WERE LURED INTO THESE SUBPRIME MORTGAGES.THEY WERE TOLD THAT THEY DIDN'T REALLY HAVE TO VERIFY THEIR INCOME. THEY WERE NOT GIVEN EXPLANATIONS AS TO WHAT THEY WERE SIGNING. ONE OF THE CRUELLEST ASPECTS OF THIS ARE THESE PREPAYMENT PENALTIES WHERE PEOPLE WHO LITERALLY THOUGHT THEY WERE DOING THE RIGHT THING -- THEY BELIEVED IF THEY SAVED THEIR MONEY AND ACTUALLY PAID MORE THAN THEIR MORTGAGE REQUIRED TO GET AHEAD TO GET THEIR HOME LIKE A LOT OF FIRST-TIME HOMEOWNERS FEEL LIKE DOING, THAT THEY HAVE BEEN PENALIZED AND THESE HIGHER ADJUSTABLE RATES WERE TRIGGERED. I THINK WE CAN DO THIS AS CAREFULLY AND PRUDENTLY AS POSSIBLE, BUT I HAVE NO DOUBT WE HAVE TO ACT.

BARTIROMO: YEAH, BUT WHY ARE WE BAILING OUT THE PERSON WHO IS IRRESPONSIBLE? WHERE'S THE ACCOUNTABILITY AND THE RESPONSIBILITY FOR THE PERSON WHO ACTUALLY GOT IN OVER THEIR HEADS? THERE'S AN OP-ED IN THE PAPER TODAY SAYING, LOOK, ONCE AGAIN SENATOR CLINTON IS COMING AND BAILING OUT THE PERSON WHO BASICALLY WAS IRRESPONSIBLE AND REWARDING THE PERSON WHO ACTUALLY TOOK ON THE RISK.

SENATOR CLINTON: WELL, I THINK THAT IS A CLEVER THING TO SAY, BUT IT REALLY MISSES THE POINT. I DON'T SEE THIS AS A BAILOUT. IF IT WERE, THEN, ONCE AGAIN, WE'D SEE THE BANKS BEING BAILED OUT. WE'D SEE THE LENDERS NOT BEING HELD RESPONSIBLE. THERE IS ENOUGH RESPONSIBILITY AND, DARE I SAY, BLAME TO GO AROUND HERE. THE REGULATORS, THEY'RE NOT BEING HELD ACCOUNTABLE. PEOPLE HAVE LOST THEIR JOBS IN THIS CITY BUT THEY'VE LEFT WITH TENS OF MILLIONS OF DOLLARS. THEY'RE NOT BEING HELD ACCOUNTABLE. SO NOW WHY ALL OF A SUDDEN DO WE GET REALLY HARSH ON SOME HOMEOWNER WHO WANTED TO HAVE PART OF THE AMERICAN DREAM, DID EVERYTHING HE OR SHE THOUGHT THEY WERE SUPPOSED TO DO BUT DID GET IN OVER THEIR HEAD BECAUSE OF UNSCRUPULOUS LENDING PRACTICES, BECAUSE OF FRAUDULENT CLAIMS BY THE PEOPLE WHO WERE SUPPOSED TO BE ASSISTING THEM? NOW WE'VE GOT THESE VERY COMPLICATED SECURITIZED INSTRUMENTS THAT HALF THE PEOPLE IN THIS TOWN THAT HELPED TO SELL THEM CAN'T EXPLAIN. BEN BERNANKE HAD TO GO AND GET A TUTORIAL. NO ONE UNDERSTANDS THEM. THEY'RE OPAQUE. IT'S ALWAYS CONVENIENT TO SAY LET'S PICK ON THE LITTLE GUY, SOMEBODY WHO WANTED TO BE PART OF THE AMERICAN DREAM, EVERYONE ELSE GETS OFF SCOTT-FREE. THAT'S NOT THE AMERICAN WAY. I'M FOR SHARED RESPONSIBILITY. IF SOMEONE WAS UNSCRUPULOUS WHEREVER THEY ARE IN THIS CHAIN, THEY SHOULDN'T GET ANY KIND OF HELP. BUT IF THEY WERE PART OF A SCHEME THAT THE REGULATORS SHOULD HAVE UNDERSTOOD, THE FEDS SHOULD HAVE STEPPED IN, THAT OTHERS SHOULD HAVE SAID, THIS IS TOO GOOD TO BE TRUE, LET'S NOT POINT OUR FINGERS AT THE ULTIMATE PURCHASER BUT GO UP THE LINE.

BARTIROMO: WITH ALL DUE RESPECT, WHERE WAS CONGRESS DURING ALL OF THIS? WE HAD A LOT OF NON-BANKS ON THE SCENE WITH CRAZY PROPOSALS, NO DOCUMENTATION, NO INTEREST FOR SEVERAL MONTHS. DID CONGRESS UNDERSTAND?

SENATOR CLINTON: NO AND UNDER THE REPUBLICAN CONGRESS, THEY DIDN'T WANT TO UNDERSTAND. YOU DIDN'T HAVE AN ADMINISTRATION WHO PAID ATTENTION TO THE EARLY WARNING SIGNALS. YOU DIDN'T HAVE A CONGRESS THAT CARED ABOUT IT. AND THE NET RESULT IS, AS I SAY, EVERYBODY SHARES THE RESPONSIBILITY. IF SOMETHING IS TOO GOOD TO BE TRUE, IT IS TOO GOOD TO BE TRUE. BUT WHAT WE'VE SEEN IS THIS INCREDIBLE FRENZY TO COME UP WITH THESE EXOTIC INSTRUMENTS THAT ARE BEING SOLD ALL OVER THE WORLD. NOBODY IS ACCOUNTABLE FOR THEM. AND YET WE'RE GOING TO PAY THE BIGGEST PRICE BECAUSE IT'S GOING TO BE OUR NEIGHBORHOODS, OUR COMMUNITIES, OUR HOMEOWNERS WHO ARE GOING TO BE FORCED OUT OF THEIR HOMES, WHO ARE GOING TO BE TAKEN OUT OF THE ECONOMY BECAUSE THEY DON'T EVEN HAVE THE RESOURCES TO BE CONSUMING IN THE WAY WE NEED TO KEEP THIS ECONOMY AFLOAT. SO WE CAN EITHER STEP BACK AS THE ADMINISTRATION, THE REPUBLICAN CONGRESS DID, OR WE CAN TRY TO TAKE SOME ACTION AND I PREFER TO TRY TO TAKE SOME ACTION.

BARTIROMO: LET'S TALK ABOUT THE TIME FRAME. WE HAVE BILLIONS OF DOLLARS IN RESETS HAPPENING OVER THE NEXT YEAR. ARE YOU GOING TO BE ABLE TO PUSH THIS LEGISLATION THROUGH IN ORDER TO ACTUALLY MAKE A DIFFERENCE?

SENATOR CLINTON: WELL, IM HOPING THAT WITH THE ADMINISTRATION'S UPCOMING ANNOUNCEMENTS THEY'RE GOING TO TAKE THE LEAD BECAUSE INDEED THEY SHOULD. IT SHOULD BE THE TREASURY DEPARTMENT. IT SHOULD BE THE ADMINISTRATION. WITH THE PRESIDENT SPEAKING OUT AND STRONGLY SUPPORTING THIS KIND OF WORKOUT. THE CONGRESS MAY WELL HAVE A ROLE TO PLAY. BUT I THINK, AGAIN, IF WE START WORKING TOGETHER ON BOTH END OF PENNSYLVANIA AVENUE, WHICH IS WHAT I ADVOCATE, THEN WE CAN SOLVE THIS PROBLEM.

BUT IF ONE HALF DECIDES THEY'RE GOING TO IGNORE IT AND THE OTHER HALF IS TRYING TO COME UP WITH LEGISLATION THAT ISN'T SUPPORTED BY THE ADMINISTRATION, WE CAN'T SOLVE THIS. SO LET'S EVERYBODY GET TOGETHER. LET'S BE HONEST ABOUT THE PROBLEM AND WHAT CAUSED IT, BECAUSE, AS I SAY, THERE IS PLENTY OF RESPONSIBILITY TO GO AROUND. AND LET'S DO WHAT AMERICANS DO BEST. WE ROLL UP OUR SLEEVES, WE SOLVE PROBLEMS.

BARTIROMO: LET'S SWITCH GEARS, TALK ABOUT WHERE WE ARE IN THE ECONOMY RIGHT NOW. IN ADDITION TO THE RESETS HAPPENING, YOU HAVE A CONSUMER THAT IS STRETCHED. CLEARLY, THE PRICE OF OIL, YOU MENTIONED THE DOLLAR AND ALL OF THE OTHER ISSUES WE'RE FACING. YOU'RE TALKING ABOUT LETTING THE BUSH TAX CUTS EXPIRE. I SPOKE WITH MARTIN FELLSTEYN TOMORROW. HE SAID THAT'S ESSENTIALLY A TAX INCREASE AND AS ALWAYS TYPICALLY HAPPENS, IT WILL PRESSURE PEOPLE WHO ARE ALREADY PRESSURED. HOW DO YOU JUSTIFY THIS SITUATION WHEN YOU'VE GOT PEOPLE UNDER PRESSURE AND JUST THE THOUGHT THAT THEY'RE GOING TO PAY MORE TAXES THEY MAY PULL IN THEIR PURSE STRINGS.

SENATOR CLINTON: SINCE MY HUSBAND AND I ARE IN THAT BRACKET, I DON'T FEEL PRESSURED. I KNOW A LOT OF PEOPLE AMONG THE WELTIEST 1% TO 10% OF OUR COUNTRY WHO HAVE BENEFITTED EXTREMELY FROM THE BUSH TAX CUTS DON'T FEEL THE PRESSURE THAT THE AVERAGE MIDDLE CLASS FAMILY FEELS, WHO HAS SEEN PRODUCTIVITY GO UP 18% WHILE THEIR INCOME ON AVERAGE HAS GONE DOWN $1,000 IN THE LAST SIX YEARS, PAYING MORE FOR ENERGY, ABOUT $2,000 MORE IN THE LAST SIX YEARS, THREE TIMES WHAT THEY GOT OUT OF THE BUSH TAX CUTS. I'M ALL FOR STIMULUS BUT I'M GOING TO DO STIMULUS THE RIGHT WAY. WE'RE GOING TO DO STIMULUS FOR THE VAST MAJORITY OF AMERICANS AND PART OF THE WAY WE'LL PAY FOR IT IS BY LETTING THE TAX CUTS ON THE WEALTHIEST AMERICANS EXPIRE. WE HAVE TO LOOK AT EVERY SET OF CONDITIONS. I DON'T KNOW WHAT'S GOING TO BE HAPPENING IN THE ECONOMY IN JANUARY 2009. UP UNTIL THEN, WE HAVE A VERY DIFFERENT PHILOSOPHY AND ATTITUDE IN THIS ADMINISTRATION AND LOTS OF PEOPLE WHO COME ON YOUR SHOW WHO ARE GUNG HO, PROTECT THE TAX CUTS FOR THE WEALTHIEST AMERICANS. THAT WILL NOT WORK IF THE ECONOMY SLOWS DOWN. YOU NEED MONEY IN THE POCKETS OF TENS OF HUNDREDS OF MILLIONS OF AMERICANS. THAT'S WHAT I INTEND TO DO.

BARTIROMO: YOU KNOW WHAT, SENATOR, IT'S NOT JUST THE RISK WHO OWN STOCK. WE HAVE 100 MILLION --

SENATOR CLINTON: I'M NOT SAYING ANYTHING ABOUT STOCKS.

BARTIROMO: CAPITAL GAINS TAX GOES AWAY.

SENATOR CLINTON: WELL, THE CAPITAL GAINS TAX, IM TALKING ABOUT THE UPPER INCOME TAX CREDIT TAX BRACKETS. CAPITAL GAINS, I THINK WE MAY HAVE TO NUDGE A LITTLE BIT BUT DEPENDING AGAIN ON THE CONDITIONS. I'M GOING TO LOOK AT THE ECONOMY AS IT IS.

BUT I THINK IT IS -- AS I PROBABLY EVIDENCED HERE TO YOUR VIEWERS, AMUSE ING AMUSING, THAT WE WOULD HAVE HAD THESE TAX CUTS, WHICH I HAVE BENEFITTED FROM AND PEOPLE IN MY INCOME TAX BRACKET HAVE BENEFITTED FROM, AND THE REST OF THE ECONOMY IS STALLED. AND MANY PEOPLE ARE SEEING NO REAL INCREASE IN THEIR WAGES. THIS HOUSING CRISIS IS EATING AWAY AT THEIR WEALTH. REMEMBER, . 60% OF THE WEALTH FOR MOST AMERICANS IS NOT IN THE STOCK MARKET. IT'S IN THEIR HOME EQUITY. SO WE HAVE TO TAKE A LOOK AT THE ECONOMY AS IT REALLY IS. AND I THINK THAT CALLS FOR CONSIDERING STIMULUS ON A BROAD BASED LEVEL.

BARTIROMO: EXPORTS HAVE HELPED THIS ECONOMY. I WANT TO ASK YOU A QUICK QUESTION ON TRADE. THE EU APPARENTLY UPSET WITH SOME COMMENTS YOU MADE.YOU WANT TO RETHINK WHAT THE BUSH ADMINISTRATION HAS DONE WITH REGARD TO TRADE. HASN'T THE EXPORT SITUATION BEEN INCREDIBLY HELPFUL TO ECONOMIC GROWTH IN THIS COUNTRY.

SENATOR CLINTON: WELL, I WANT TO GET TO A BALANCED POSITION WITH RESPECT TO TRADE. I WANT US TO BE EXPORTING. OBVIOUSLY, I FAVOR THAT. BUT I AM CONCERNED ABOUT THE CONTINUING DECLINE IN THE DOLLAR. AND PRESIDENT SARKOZY CAME HERE TO THIS COUNTRY AND EXPRESSED SIMILAR CONCERNS. I SAID THAT I'M GOING TO TAKE A HARD LOOK AT OUR TRADING AGREEMENTS. AND I THINK THAT'S WHAT ANY AMERICAN PRESIDENT SHOULD DO. WE'VE GOT TO MAKE SURE OUR TRADE AGREEMENTS ARE WORKING WELL FOR THE UNITED STATES AS WELL AS THE GLOBAL ECONOMY. IT'S VERY IMPORTANT WE CONTINUE TO TRADE. IT'S IMPORTANT THAT WE STAY OPEN TO THE WORLD. BUT I THINK THERE ARE WAYS WE CAN DO IT TO BRING THE REST OF THE WORLD ALONG WITH US. I SUPPORT, YOU KNOW, THIS SMALL AGREEMENT WITH PERU BECAUSE FINALLY THE BUSH ADMINISTRATION AGREED WITH WHAT I AND OTHERS HAVE BEEN SAYING FOR A LONG TIME. LET'S HAVE ENFORCEABLE LABOR AND ENVIRONMENTAL STANDARDS. THAT SHOULD BE THE FRAMEWORK FOR FUTURE TRADE AGREEMENTS.

BARTIROMO: TWO QUICK FINAL QUESTIONS. IT LOOKS LIKE BASED ON THE IOWA POLLS THAT THINGS ARE TIGHTENING BETWEEN YOU AND SENATOR OBAMA. WHAT ARE YOUR THOUGHTS ON THAT? HOW DO YOU ATTRACT THE PEOPLE WHO PERHAPS ARE SORT OF ON THE -- IN THE MIDDLE THERE?

SENATOR CLINTON: WELL, IT IS A VERY TIGHT RACE. AND IT'S EXCITING. YOU KNOW, I STARTED OUT IN SINGLE DIGITS AND I ALWAYS KNEW THIS WOULD BE A TOUGH RACE. I'VE LOVED CAMPAIGNING AND BEING A PART OF THE IOWA CAUCUS EXPERIENCE. WE'RE JUST GOING TO KEEP WORKING AS HARD AS WE CAN BETWEEN NOW AND JANUARY 3rd. THEN IT'S ON TO NEW HAMPSHIRE AND NEVADA AND SOUTH CAROLINA AND THE REST OF THE STATES.

BARTIROMO: CLEARLY, IT'S A DIVERSE ELECTION YEAR. WE KNOW THAT YOU BELIEVE THAT THE COUNTRY IS READY FOR A FEMALE PRESIDENT. ARE THEY READY FOR A MORMON? APPARENTLY NOW GOVERNOR ROMNEY IS GOING TO TALK ABOUT HIS RELIGION. WHAT ARE YOUR THOUGHTS ON THAT? ARE THEY READY FOR THAT?

SENATOR CLINTON: WELL, I'M GOING TO LEAVE IT UP TO THE VOTERS TO DECIDE AMONG US. WE EACH BRING OUR LIFE EXPERIENCES. I BRING 35 YEARS OF EXPERIENCE AND QUALIFICATIONS. I HAVE THIS UNIQUE OPPORTUNITY TO BE ABLE TO KNOW WHAT GOES ON IN THE WHITE HOUSE TO KNOW WHAT GOES ON IN THE CONGRESS NOW AFTER MY TERM IN THE SENATE. SO I FEEL VERY GOOD ABOUT MY QUALIFICATIONS AND THAT'S WHAT I'M TALKING ABOUT IN THIS CAMPAIGN. AND I TRUST THE AMERICAN VOTERS TO REALLY CHOOSE AMONG US TO CHOOSE WHO WILL BE THE BEST LEADER AT THIS TIME IN OUR COUNTRY.

BARTIROMO: WHICH CANDIDATE ON THE REPUBLICAN SIDE HAS THE BEST GRASP OF ECONOMIC ISSUES?

SENATOR CLINTON: I THINK SINCE THEY'RE ALL BASICALLY FOLLOWING PRESIDENT BUSH, THEY'RE MISSING IS THE BOAT.

BARTIROMO: GOOD TO HAVE YOU ON THE PROGRAM. SENATOR CLINTON HAS BEEN OUT FRONT ON THIS HOUSING ISSUE AND WE THANK YOU FOR JOINING US.




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