Mitt Romney, the former governor of Massachusetts, ran for the Republican presidential nomination in 2008, but John McCain snagged the nomination. This businessman and politician is keeping a critical eye on how things are shaping up in the presidency he wanted, and he shared his views on Thursday night's "Larry King Live." He gave a sharp critique of President Obama's performance and shared his thoughts on Rush Limbaugh, Sarah Palin and stem-cell research. The following transcript is edited for brevity and clarity: