The full written transcript is here – below is an expanded version of the YouTube video.

BLITZER: Do you think Hillary Clinton would make a good president?
CHENEY: No, I don’t.
BLITZER: Why?
CHENEY: Because she’s a Democrat. I don’t agree with her philosophically and from a policy standpoint.
BLITZER: Do you think she will be president?
CHENEY: I don’t.
BLITZER: Who do you think will be?
CHENEY: I’m not going to speculate.
BLITZER: Will it be John McCain?
CHENEY: I’m not going to speculate.
BLITZER: He’s been very critical of you, John McCain.
CHENEY: Well, John’s a good man. He and I have known each other a long time and we
agree on many things and disagree on others.
BLITZER: He said, the other day — he said, “The president listens too much to the vice
president. Of course, the president bears the ultimate responsibility, but he’s been very badly served by both the vice president and, most of all, the secretary of Defense.” That was John McCain.
CHENEY: So?
BLITZER: No reaction?
CHENEY: I just disagree with him.
BLITZER: He said, about the former Defense secretary, “Rumsfeld will go down in history,
along with NcNamara, as one of the worst secretaries of Defense –”
CHENEY: I just fundamentally disagree. You heard my speech, when Don retired. I think
he’s done a superb job.
BLITZER: You know, we’re out of time, but a couple of issues I want to raise with you: your daughter, Mary. She’s pregnant. All of us are happy she’s going to have a baby. You’re going to have another grandchild. Some of the — some critics are suggesting — for example, a statement from someone representing Focus on the Family, “Mary Cheney’s pregnancy raises the question of what’s best for children. Just because it’s possible to conceive a child outside of the relationship of a married mother and father doesn’t mean that it’s best for the child.” Do you want to respond to that?
CHENEY: No.
BLITZER: She’s, obviously, a good daughter –
CHENEY: I’m delighted I’m about to have a sixth grandchild, Wolf. And obviously I think the world of both my daughters and all of my grandchildren. And I think, frankly, you’re out of line with that question.
BLITZER: I think all of us appreciate –
CHENEY: I think you’re out of line.
BLITZER: We like your daughters. Believe me, I’m very sympathetic to Liz and to Mary. I
like them both. That was a question that’s come up, and it’s a responsible, fair question.
CHENEY: I just fundamentally disagree with you.
BLITZER: I want to congratulate you on having another grandchild.
Let’s wind up with the soft stuff (ph)– Nancy Pelosi. What was it like sitting with her last
night as opposed to Dennis Hastert?
CHENEY: I prefer Dennis Hastert, obviously. I like having a fellow Republican in the
Speaker’s chair. Nancy’s now the speaker of the House. We had a very pleasant evening.
BLITZER: But it’s different to have a Democrat–
CHENEY: Sure, it’s different. They have — yeah, but it’s the way it’s been during most of my career in Congress. I didn’t find it all that surprising or startling.
BLITZER: How do you feel?
CHENEY: Good.
BLITZER: Mr. Vice President, thank you
END

Update: I liked this perspective from Riehl World View:

Differing Views On Iraq

Hillary goes to Iraq and comes back proposing war limits.

WASHINGTON, Jan. 17 — Senator Hillary Rodham Clinton on Wednesday called President Bush’s plan to send more troops to Iraq “a losing strategy” and proposed placing new limits on the White House’s conduct of the war.

Bryan and Michelle visit Iraq and come back with several images …. and thoughts on how we can win.

The question is, who do you believe? And why, or why not?

Personally, I’d believe Bryan and Michelle as they have a better history of telling the truth.

MichelleMalkin.com

Bryan Preston’s account at HotAir.com

Video at HotAir

Update: Audio Interview of Michelle Malkin by Laura Ingraham via HotAir.com

More from Bryan