GINGRICH: Yes, .com.

HANNITY: OK. When will the decision, the final decision come?

GINGRICH: Oh, I think it is going to take a fair amount of time, at least a number of weeks, maybe six or seven. Because you want really -- this is such a big decision if you're serious about it. And it covers so many different requirements. If you look at what Obama spent last time, I think a billion dollars. And if you're serious about trying to not just run, but to both win the nomination and win the presidency, you really need to take some time to lay the groundwork, think it through. Explore the possibility before you make the final decision.

HANNITY: All right. Obviously, we are getting close to that time. And all right, how would a Gingrich administration look different from an Obama administration? And I mean on three major fronts, on economic issues, homeland security issues, foreign affairs? How would it be different?

GINGRICH: Well, first of all, what we ought to do this year is we ought to pass a permanent tax program and not have just this two-year extension. Notice that we got a two-year extension and the economy improved overnight.

HANNITY: You mean the Bush tax cuts?

GINGRICH: The Bush tax cuts. Literally, December we got it, all of a sudden you have unemployment coming down. We are going to run into the same problem in 2012, because it ends in 2012. The Republican House ought to pass the permanent extension of the current tax code so we get that out of the way so there's stability for businesses to invest, so we can continue to create jobs.

Then we ought to review what China, India and Germany are doing. We ought to reform litigation, regulation, taxation, education, health, energy infrastructure, and we ought to say, our goal is to be the most dynamic, job-creating society in the world. Because that creates the prosperity that pays for Social Security, pays for our health system, enables us to be a successful country.

HANNITY: Can I gently disagree with you? The unemployment numbers, we only created 192,000 jobs. That's not enough to bring the unemployment number down. Isn't one of the big issues that we are not facing, that this under-employment issue? And also we stop counting people that stop looking for work, and if you look at that number, we are at 17, 18 percent.

GINGRICH: If you -- and this is going to be the challenge for the Obama administration -- if you look at all the people who would have been employed three or four years ago, you've had a dramatic shrinking in the total number of Americans at work. And that's going to have a big impact as people start to come back into the market. But I don't think, if they were still fighting over the Bush tax cuts, you wouldn't even have the current job creation, that's my only point.

HANNITY: All right.

GINGRICH: But they did have -- the Bush tax cuts once again had a positive impact on creating jobs.

HANNITY: Would you try and reduce taxes further?

GINGRICH: Absolutely. I am for zero capital gains tax, which is the Chinese model, a 12-and-a-half percent corporate rate, which is the Irish corporate tax rate. And I would be for 100 percent expensing to write off new machinery. So, every year, you could write off all the new machinery, so American workers would have the best machinery in the world to be the most productive, to have the best jobs.

HANNITY: What do you make of all that is now happening in the Middle East? And reports that the president is now putting pressure, I mean, we almost had the United States go against Israel in the United Nations, as you know. And now the pressure to put Jerusalem on the table, coming from the Obama administration, and again, concede land for peace. And add to that, all the instability in the Middle East as it affects oil and gas prices.

GINGRICH: You know, this is an administration which was very aggressive about an American ally, Mubarak in Egypt. And very confused about an American opponent, Qaddafi in Libya. This is an administration which doesn't notice the demonstrations in and the brutality in Tehran. And it confuses Israelis building apartments with Iranians building nuclear weapons.

And I think it is very, very dangerous. People need to understand there's a huge impact potentially on our energy prices. Gasoline prices are already up 85 percent since Obama became president. And there's a grave danger that you're going to see a dramatically higher increase. And if something goes bad in the Middle East, we will understand the cost of left-wingers who oppose using American energy.

HANNITY: So, a Gingrich presidency would have had a stronger voice when the Iranian dissidents were protesting. A Gingrich presidency would immediately allow drilling in ANWR, the 48 states off the coast, nuclear reactors?

GINGRICH: Absolutely.

HANNITY: Coal mining--

GINGRICH: I am for every American form of energy in order to save $400 billion a year here in the U.S., to create jobs here, instead of creating jobs in Venezuela, or Saudi Arabia or Iran. But I go a step deeper. We ought to have an active strategy of undermining and defeating the Iranian government and replacing it with a rational, moderate, reasonable government without using military force, which is what Reagan did to the Soviet empire with enormous success.

Also, I would say, on the very first day, and I voted for this as speaker and were I in the White House, I would immediately issue an executive order saying that every country gets to pick their own capital. And we will put our embassy where their capital is. Israel is the only country in the world that the United States does not allow to design their own capital.

HANNITY: How would you prevent Ahmadinejad, Iran from getting nuclear weapons? What pressure can you bring to bear? We know what would happen. I believe he would use them if he had them.

GINGRICH: You know, Callista and I did a movie on Ronald Reagan and a movie on Pope John Paul II going back to Poland. In both movies we showed how diplomatic, political, intellectual pressure brought to bear against the Soviet Empire. Ultimately broke it. Broke it very -- at a speed no liberal thought was possible. Iran is not that powerful a dictatorship. We should be aggressively every morning, we should have a very powerful Voice of America program. We should have subsidies going in covertly, to help people organize.

HANNITY: Can I run that one day?

GINGRICH: I think -- it would be, I think you would have so much fun it would be dangerous.

HANNITY: I think you are right.

Well, this is a fascinating time. I will say one thing, as these debates emerge, I think it is going to be extraordinary for the country. And a great contrast to where we go. And would you look forward to debating Obama if you won the primary?

GINGRICH: Oh, I think, no -- as Ronald Reagan once said to Walter Mondale, I will try not to hold his youth and inexperience against him.

(LAUGHTER)

HANNITY: OK. Mr. Speaker, good to see you.

GINGRICH: Good to see you.

HANNITY: We'll follow the process.

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