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Detailed text transcripts for TV channel - FOXNEWS - 20111226:14:18:00

gregg: if the president doesn t run on his record instead he creates what many are saying sort of a two-pronged campaign approach, one, class warfare, and number two, campaign against a do nothing congress, how will that work for him? how do you set that? it may work. republicans have a reputation for losing political opportunities. look at the payroll tax fiasco in congress last week. however, i think that that has to be done very carefully. because the republicans have to nominate someone who is scary enough to get a lot of people worried that their social security, medicare are going away. that the democratic fear tactics can gain traction. i wonder if the roo public can nominee knee will fall into those traps regardless who it is. gregg: if you had to pick one of them, who would it be? i m not in the business of picking a candidate. i ll simply say any republican nominee who has common sense will recognize the focus has to be on the administration jobs and economic record and t

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