Transcript: 'FOXNews Sunday' 1-29-12

Full transcript. Excerpt below:

WALLACE: Mr. Speaker, you came out of South Carolina with a big head of steam, according to the Real Clear Politics average of recent polls. Earlier this week, you were leading Romney by seven points. But now, he's leading you by eight points. Question: what's happened?

GINGRICH: Look, Governor Romney has the ability to raise an amazing amount of money out of Wall Street, from Goldman Sachs, to all the major banks.

And he has a basic policy of carpet-bombing his opponent. He doesn't try to build up Mitt Romney. He just tries to tear down whoever he's running against, and it has an effect. And we are in a very tough campaign down here. Ironically, if you look at the three national polls this week, every place elsewhere that he can't carpet bomb, the ideas I'm representing, the scale of change I represent, the conservative movement I represent, we actually have been pulling away from him in national polls. Down here, one of our challenges, two major conservative candidates, between us, clearly beat Romney who is splitting the conservative vote. And I think that's a challenge.

I have been honored to have Rick Perry, the governor of Texas, to drop out and endorse me. Last night, I was delighted to have Herman Cain endorsed me and Sarah Palin has said very positive things. Yesterday, Rudy Giuliani compared me favorably to Reagan and compared Romney unfavorably. So, we're seeing the conservative movement start to come together.

But I give Governor Romney's campaign respect for the sheer volume of negativity that they use and the sheer amount of money they raise on Wall Street.

WALLACE: Six days before the South Carolina primary, you predicted correctly and I think you can sense the momentum there that you were going to win that race and, in fact, you won by 12 points. All right. It's two days before the Florida primary, what's going to happen in Florida?

GINGRICH: I think it is going to be very close. We had a poll a day before yesterday that we were tied. Santorum and I collectively are bigger than Romney, but Romney beats me as long as we split the conservative vote. And we have a tremendous effort underway to reach out to conservatives to get them to see that the only effective to stop a Massachusetts liberal from becoming our nominee is to vote for Newt Gingrich.

I think it's going to be very, very close. We have a good turn out mechanism here. We're very fortunate to have Jose Mallea who ran Marco Rubio's campaign. He's running our campaign. He knows the state really well.

We're going to have Michael Reagan here on Monday, along with Herman Cain. Fred Thompson has been here helping.

WALLACE: Right.

GINGRICH: Todd Palin has endorsed me.