Cavuto did well in giving him time to explain and backed him up. He was even trying to interrupt him to move on to something else while Ron Paul continued to explain things.
Vague Synopsis:
Cavuto: You are winning in Iowa, Republicans are saying that you winning will be meaningless. Thoughts?
Ron Paul: I am surprised by the numbers...etc.
Cavuto: The governor of Iowa said if you win, then look at the 2nd and 3rd place winners.
Ron Paul: I am surprised because the governor has been fair in the past and he may have been taken out of context but if he said it in that way it is a blow to democracy.
Cavuto: With you being ahead in the polls, they are going to start attacking. For instance the newsletters, the media is saying there are racist things and that you are a racist...etc.
Ron Paul: They haven't been saying I am a racist but attacking my management of it all. I agree that it may have been poor management on my part, it was during a time while I was practicing medicine. I have been doing those newsletters since the 1970s and those few bad articles are 1/10th of 1% of all of my newsletters. They were mainly hard money newsletters, I was involved when it came to economics and predicting the bubbles as we have discussed many times, if anyone at the time knew of my newsletters they knew them as hard money newsletters..
Cavuto: Ok, let's switch subjects...Donald Trump announced he's an independent and may run for president, your thoughts
Ron Paul: If that is what he wants to do, fine. I'm just not sure why he didn't just stay in and do it as a Republican.
Cavuto: You won't be kissing the Donald's ring?
Ron Paul: I see no reason for it, he's the complete opposite of me. He doesn't support free markets and is against free trade...
(just a summary from memory, not direct quotes)