Mitt Romney's comments caught by a hidden camera at a private fund-raising event have caused outrage after he said forty-seven percent of the country, are people "who are dependent upon government, who believe they are victims, who believe the government has a responsibility to take care of them, who believe they are entitled to health care, to food, to housing, to you name it."

Romney admitted that his point about the 47% was "not elegantly stated."

"Let me put it that way I'm speaking off the cuff in response to a question and I'm sure I can state it more clearly in a more effective way than I did in a setting like that ," Romney said at a press conference following the release of the footage.

The video was posted Monday on liberal magazine Mother Jones. A second video - the full version of it- was uploaded on the site Tuesday.

The first excerpt has ever since gone viral with more than 2 million views on YouTube. The fund-raising was reportedly held in May in Florida at a $50,000 per seat dinner.

See the Videos and Full Transcripts Below:

MITT ROMNEY VIDEO PART 1 - FULL TRANSCRIPT

"There are 47% of the people who will vote for the president no matter what. All right, there are 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe they are entitled to health care, to food, to housing, to you name it...These are people who pay no income tax, 47% of Americans pay no income tax. So our message of low taxes doesn't connect. So he'll (President Obama) be out there talking about tax cuts for the rich. I mean, that's what they sell every four years. And so my job is not to worry about those people. I'll never convince them that they should take personal responsibility and care for their lives. What I have to do is convince the five to ten percent in the center that are independents, that are thoughtful, that look at voting one or the other depending upon in some cases emotion, whether they like the guy or not."

MITT ROMNEY VIDEO PART 2- FULL TRANSCRIPT

"I'm torn by two perspectives in this regard. One is the one which I've had for some time, which is that the Palestinians have no interest whatsoever in establishing peace, and that the pathway to peace is almost unthinkable to accomplish.

Now why do I say that? Some might say, well, let's let the Palestinians have the West Bank, and have security, and set up a separate nation for the Palestinians. And then come a couple of thorny questions.

And I don't have a map here to look at the geography, but the border between Israel and the West Bank is obviously right there, right next to Tel Aviv, which is the financial capital, the industrial capital of Israel, the center of Israel.

It's-what the border would be? Maybe seven miles from Tel Aviv to what would be the West Bank...

The other side of the West Bank, the other side of what would be this new Palestinian state would either be Syria at one point, or Jordan.

And of course the Iranians would want to do through the West Bank exactly what they did through Lebanon, what they did near Gaza. Which is that the Iranians would want to bring missiles and armament into the West Bank and potentially threaten Israel. So Israel of course would have to say, "That can't happen. We've got to keep the Iranians from bringing weaponry into the West Bank."

Well, that means that - who? Israelis are going to patrol the border between Jordan, Syria, and this new Palestinian nation? Well, the Palestinians would say, "Uh, no way! We're an independent country. You can't, you know, guard our border with other Arab Nations."

And now how about the airport? How about flying into this Palestinian nation? Are we gonna allow military aircraft to come in and weaponry to come in? And if not, who's going to keep it from coming in? Well, the Israelis.

Well, the Palestinians are gonna say, "We're not an independent nation if Israel is able to come in and tell us what can land in our airport." These are problems-these are very hard to solve, all right?

And I look at the Palestinians not wanting to see peace anyway, for political purposes, committed to the destruction and elimination of Israel, and these thorny issues, and I say, "There's just no way." And so what you do is you say, "You move things along the best way you can."

You hope for some degree of stability, but you recognize that this is going to remain an unsolved problem. We live with that in China and Taiwan. All right, we have a potentially volatile situation but we sort of live with it...And we kick the ball down the field and hope that ultimately, somehow, something will happen and resolve it. We don't go to war to try and resolve it imminently.

On the other hand, I got a call from former secretary of state. I won't mention which one it was, but this individual said to me, you know, I think there's a propect for a settlement between Palestinians and Israelis after the Palestinian elections.

I said, "Really?" And, you know, his answer was, "Yes, I think there's some prospect." And I didn't delve into it.

MITT ROMNEY VIDEO PART 1 & 2 [WATCH] 

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