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Transcripts For CNNW Fareed Zakaria GPS 20120108

administration s dramatic plan to cut the pentagon budget. is it too much, too little, or is it the goldie locks budget? then, the west and iran are headed toward a serious showdown. what happens next? will oil spike to $150 a barrel? what is the end game here? we have four top experts to guide us through. also, we ll tell you the real reason china is revamping most of its television shows. it s not to get better ratings. my take this week is on iran. you ll hear from others on this later, but i ll go first. there s not much foreign policy talk on the campaign trail, as you probably noticed, except for one issue. everyone is talking about iran s new strength and assertiveness, its missile tests, its progress on the nuclear program, its moves in iraq. mitt romney, the republican front-runner, describes iran as the greatest threat the world faces over the next decade. in fact, the real story on the ground is that iran is weak and getting weaker. sanctions have pushed the

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