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Bill Kill?

Title:

Bill Kill?

Published: Thu, 9 Jul 2009

Description: Will Nancy Pelosi's effort to save the harvest mouse ruin chances of a second stimulus package? Newt Gingrich weighs in

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Automatically Generated Transcript (may not be 100% accurate)

" Well guess what. Sixteen million dollars of the stimulus money. Was appropriated. To take care of the salt marsh harvest mouse."

" It's bank. Welcome everyone I'm Stuart Varney in for Neil Cavuto this is -- old world the salt marsh harvest mouse GOP leaders say funding for speaker and policies pet project is coming out of your stimulus money. Well this furry -- along with bad press over the lack of stimulus jobs kill any chances full steam planned to -- Former house speaker Newt Gingrich mr. speaker welcome the program. This is this is terrible publicity. This that this -- want is widely sit suggested he's not working vote as a turning sour on its. All we still gonna get you think -- planned to."

" Well I think we need a national debate. Over getting into a real stimulus bill this this was not a stimulus bill this was a politician bailout bill most of money 90% of the money spent so far according -- McCarthy went to. Paying off state and local governments that they can avoid real change. This is clearly a pork barrel bill as you just reported sixteen million dollars to San Francisco. For a mouse. I think probably indefensible in the current economic environment. We need a real stimulus bill here's the challenge a real stimulus bill would have. A 50% reduction in the social security and Medicare tax including. The employers match so that every small business in America could hire more people and could grow faster. A real stimulus free market bill would those have a zero capital gains rate like China would have a twelve and half percent corporate tax rate like Ireland. How would eliminate the death tax -- 80% the American people want. That would be a real stimulus bill so yeah I think I think frankly Republicans ought to take up. Willingly the idea of let's let's pass a real stimulus bill. Cut take all the money that hasn't been spent so far which is about. 500 billion. Of that stimulus package. Convert that into tax cuts for the private sector to help small businesses -- and you get a better --"

" Justice -- using the magic words tax cuts. Did you really think the Democrats the Obama administration could completely. Change colts because stem planned long was all about more government spending and borrowing. The exact opposite of Ronald Reagan's tax cuts to stimulate private enterprise do you think that they could really -- Full circle in the way you describe."

" I think first of all 164%. Of Californians. Vote no on more spending more taxing as they did in May that's a pretty big signal that's a state where President Obama gets 61% of the vote. I think second when you see a thirteen percentage point drop in his approval rating in Ohio this week that's a signal. There's a brand new poll the Republican Governors Association did and in New Jersey. By 67. To 29. The citizens of New Jersey want government to make tough spending decisions. To keep taxes down by cutting spending rather than spend more money is set -- I'm just suggesting you. As the Democrats face 910 and 11% unemployment. They're gonna have to change their tone of the country next year is gonna change them."

" Yet in Ohio. President Obama's approval ratings has dropped fourteen points I believe in the space of two months. Let me just take you to vice president Biden who was in Ohio today talking about the stimulus plan and saving jobs --"

" So when I say that we're not saving jobs. Traffic cop who still -- good job count the teachers thousands in this state will be showing up in the classroom at September. I would not be able to spot for a --"

" So mr. speaker he says look at. Stimulus want is saving jobs and now a -- how why don't listen to a little clip from investor Warren Buffett. Who wants stem planned to along the lines all stand on one listener this."

" Our first stimulus bill a good things move by the sort of like taking. Half a -- of the vibrant than -- and then. Having -- also a bunch of candy mentioned knows that everybody was turning things for their own constituencies and it doesn't have really quite well. And anticipated that."

" Well he has a unique way of putting -- is pressing for stem planned to you think it's gonna happen at the end of the day. By -- I don't I -- Reynolds Buffett's comments but I can't imagine why he would want. More government spending I can't imagine why he would believe. That this congress would be capable. Passing more government spending without having a loaded. With pork and special deals and set asides and earmarks and all the characteristics of this congress so I mean -- the question is. Do you think we can better accelerate economic growth. By getting money to small businesses as I do. Or do you think we can better accelerate economic growth by getting money to government. As vice president Biden said member every job vice president Biden described was a government job. I needed you didn't hear him say a word about small businesses in Ohio or about saving the factories in Ohio or about helping in anyway in the private sector in Ohio."

" it did do you see a Republican anyway in congress who is pounding the table within which the masses that you've just delivered. Who's really speaking with passion to the issue of cutting taxes and getting private enterprise you know whereas that later in congress. A hard look I think both the house and the Senate you're gonna see a Republican initiative I'll give -- to see a bipartisan initiative. To have tax cuts Palestinian as a real stimulus this is not stimulus to because stimulus one never existed that was a politician protection act designed to help mayors county commissioners and governor's avoid having to make hard decisions. It did actually and if you look at New York State for example it's the worst of all worlds they've increased spending in Albany. Making next year's budget crisis in Albany dramatically bigger -- in -- probably Governor Schwarzenegger is having in California. Where he's taken the right position to control spending. And it's the Democrats the state legislature who are desperately trying to. Prop up their public employee Dallas one last quick question if I may do you think we will get the public option included in health care bill which emerges from congress. At the center for health transformation. We're launching a petition drive. To demand that if there's a public option. Every member of the house and senate must belong to it that can be their only health plan we think if they -- impose in the country that kinda disastrous plan. They ought to take the medicine first -- mr. speaker thank you very much indeed so."

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