"Face the Nation" transcript: March 4, 2012

Bob Schieffer

Below is a rush transcript of "Face the Nation" on March 4, 2012, hosted by CBS News chief Washington correspondent Bob Schieffer. Guests are Republican Governor Mitch Daniels and Republican presidential candidates Texas Rep. Ron Paul and former House Speaker Newt Gingrich.

SCHIEFFER: Today on Face the Nation, Indiana Governor Mitch Daniels with the latest on the devastating tornado damage, plus Newt Gingrich and Ron Paul on the countdown to Super Tuesday.

It has been one of the worst storms ever. At least 38 people dead as mighty tornadoes roared through 12 states. In Kentucky and Indiana, some small towns were not just hit hard, but destroyed. And this morning, thousands of across the middle of America are trying to put their lives back together.


UNIDENTIFIED MALE: We love you. And we're with you.


SCHIEFFER: We'll get the latest from Indiana Governor Mitch Daniels who toured his hard hit state yesterday.

Then we'll turn to campaign 2012. With Super Tuesday 48 hours away, we'll hear from Newt Gingrich. Can he resurrect his campaign yet again?


NEWT GINGRICH, REPUBLICAN PRESIDENTIAL CANDIDATE: I have to win Georgia, I think, to be credible in the race.


SCHIEFFER: Then there's Ron Paul. He's yet to win a contest, but don't tell him that.


RON PAUL, REPUBLICAN PRESIDENTIAL CANDIDATE: The good news is we're doing very, very well in getting delegates.


SCHIEFFER: We'll talk to him too, because this is Face the Nation.

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

SCHIEFFER: And good morning again and welcome to Face the Nation. What you are you seeing here is a map put out by the National Weather Service which shows where the 90 tornadoes hit Friday and Saturday. 38 people now dead in five states by the latest count, an unbelievable $27.5 million people put at risk by the storms.

The storms in Kentucky, the worst in 24 years. And in Indiana, the town of Henryville was hit by a twister packing 175 miles an hour winds and it stayed on the ground for more than 50 miles.

Indiana Governor Mitch Daniels was in Henryville and in other parts of his hard hit state yesterday. He is with us this morning from Indianapolis. Governor, thank you for finding time to talk with us this morning. Just bring us up to date. What's the latest?

DANIELS: Well, we think the fatality rate in Indiana -- the count we believe is final. We pray it's final at 12. The count of those who lost homes and businesses is smaller than it might have been based on where the powerful storms hit, but it doesn't ease the heartache, as you visit with people, who were in the path of them.

SCHIEFFER: Do you have any idea? Can you put any kind of a dollar figure on the damage out there, governor?

DANIELS: A little too soon right now, Bob. If there was any mercy in this incredibly brutal set of storms it is that it didn't hit more populace areas, but in the frame of reference, the kind of towns that got damaged in our state means everything. And so once again you can't really measure the sense of loss in dollars.