"Face the Nation" transcripts November 4, 2012

The Sunday before the election, take a look at everything you need to know with Peggy Noonan, David Gergen, Dee Dee Myers, Rich Lowry, John Dickerson, Leslie Sanchez, Anna Greenberg, Stu Rothenberg, Larry Sabato and Anthony Salvanto.

(CBS News) Below is a transcript of "Face the Nation" on November 4, 2012, hosted by CBS News' Bob Schieffer. Guests include Peggy Noonan, David Gergen, Dee Dee Myers, Rich Lowry, John Dickerson, Leslie Sanchez, Anna Greenberg, Stu Rothenberg, Larry Sabato and Anthony Salvanto.

SCHIEFFER: Today on Face the Nation, are you ready for some voting? Katy Perry says she is.

PERRY: Wisconsin, you ready?

SCHIEFFER: While she was making some smooth moves for the president, Kid Rock had his Republican hat on for Romney.

ROCK: Go Romney, (inaudible) Ohio.

SCHIEFFER: The pop stars and the candidates race through the battleground states on one long last lap.

ROMNEY: That's quite a Virginia Beach welcome.

OBAMA: Hello Nevada...

ROMNEY: New Hampshire got me the Republican nomination and New Hampshire is going to give me the White House, thanks you guys.

SCHIEFFER: If there's anything both sides can agree on, this one is close and it's could come down to one states, but which one? Florida? Virginia? (Inaudible).

OBAMA: I -- I think you may have noticed that everybody's paying a lot of attention to Ohio...

SCHIEFFER: And then there's the wild card, what impact will the Super Storm that destroyed parts of New Jersey and plunged the lower half of Manhattan into darkness have on the races?

We've got the latest on Hurricane Sandy damage then we'll turn to the best and the best political reporters, analysts and race watchers to give us their take on the presidential race.

We'll start with Peggy Noonan of the Wall Street Journal, Dee Dee Myers of Vanity Fair, Rich Lowry of the National Review, Harvard University's David Gergen and our own John Dickerson.

Then we'll talk to Stu Rothenberg of the Rothenberg Political Report, Larry Sabato of the University of Virginia Center for Politics, Democratic pollster Anna Greenberg of Greenberg Quinlan Rosner, and Republican Analyst Leslie Sanchez of the Impacto Group, and our own CBS News Election Director, Anthony Salvanto.

We're coming to the end of the campaign 2012 and we've got it all on Face the Nation.

ANNOUNCER: From CBS News in Washington, Face the Nation with Bob Schieffer.

SCHIEFFER: And good morning again, most of the country is looking forward to Election Day or at the least, looking forward to the campaign being over; but in large parts of the northeast, it is still the aftermath of the storm that is in the forefront of many people's thoughts.

At least 110 are dead, more than two million are still without power, close to a million in New York City alone. Eighty percent of New York City's subway service has been restored but it may be days before gas shortages are restored and the National Guard has been called in to keep order at gas stations.

The storm has cause an estimated $20 billion in damages, plus an estimated $50 billion in economic losses to the region.

The state of New Jersey was hit hardest and for more on that, we're going to Ben Tracy on Tuckerton Beach. Good morning Ben.

TRACY: Good morning Bob.

This is what so many neighborhoods all along the New Jersey shore look like. They're almost frozen in time. There is really no recovery going on here yet because these areas have just been too dangerous to get into until now. This weekend was really the first time that some many people who live around here are coming back to see how damaged their houses are. Many are finding they have no home at all.

Across New Jersey, you're still talking about nearly a million people without power and that's becoming a real issue because temperatures at night are falling into the low 30s, so it's very cold for the people who have decided not to go to shelters or who don't have anywhere else to go trying to kind of ride this situation out.

Of course, as the days progress here, you will start to see more debris removal, but so many of these areas are simply too hard to get into.

Then you have the issue of gas rationing; people are waiting in line for gas, they're trying to get fuel for their generators so it's a very tough situation here in New Jersey.

Bob?

SCHIEFFER: All right, thank you very much, Ben.

And we'll turn now to the other big story of the week. Of course, this final week in the election and here to give us their thought, their predictions, their hopes, their dreams, our all-star political panel.

Peggy Noonan is the columnist for the Wall Street Journal, was a speech writer for President Reagan. Of course, Rich Lowry, wrote the cover of this week's Time magazine. He also writes for the National Review is a Fox News contributor, John Dickerson, is our CBS News Political Director.

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