CQ Transcriptswire

May 10, 2009 – 11:53 a.m

SPEAKERS: BOB SCHIEFFER, HOST

FORMER VICE PRESIDENT OF THE UNITED STATES DICK CHENEY

SCHIEFFER: Colin Powell, Rush Limbaugh said the other day that the party would probably be better off if Colin Powell left and just became a Democrat. Colin Powell said Republicans would be better off if they didn’t have Rush Limbaugh out speaking for them. Where do you come down?

CHENEY: Well, if I had to choose in terms of being a Republican, I’d go with Rush Limbaugh, I think. I think my take on it was Colin had already left the party. I didn’t know he was still a Republican.

SCHIEFFER: So you think that he’s not a Republican?

CHENEY: I just noted he endorsed the Democratic candidate for president this time, Barack Obama . I assumed that that is some indication of his loyalty and his interest.

SCHIEFFER: And you said you would take Rush Limbaugh over Colin Powell.

CHENEY: I would.

SCHIEFFER: All right.

CHENEY: Politically.