Newt's Take

" This is a Fox News alert insurance giant eighty -- she would receive a 108 billion dollars of your money for a bail -- has just announced it is kind of paid bonuses to some of its top executives. That put the Washington Post next week a Yankee plans to pay it totaled two point four million dollars in bonuses to forty of its high ranking executives. For an average of 60000 each. That's for once -- AIG came under fire for hitting a 165 million dollars in bonuses. And tonight everyone is buzzing about a possible stimulus 2.0 is it going to happen if so a really good idea for -- really dumb one. Moments ago we sat down with a former speaker of the house Newt Gingrich. I'd still this one that we had that February probably going to get."

" Stimulus 2.0. What we should do is get the first real stimulus bill which ought to be tax cuts aimed at small business and named to jobs. And helping the American business community compete world. Casinos -- is a joke stimulus one was a politician protection act. Which passed money -- state and local governments. So that they could avoid making any tough decisions in places like New York State they actually increased the size of government. By using all the federal money changing nothing reforming nothing of course they announced today that the San Francisco mouse. That's sixteen million dollars. So if you think that's a stimulus package I think that frankly was a waste of money they -- to take the last 400 billion dollars and aren't spent yet. Take them away from government put them into a tax cut package for small business. And allow every small business in America to create new jobs for real rather than having bureaucrats and politicians do."

" I feel that some things to be very soon about stimulus once. I remember is a big rush rush rush let's get it passed a dragnet for congressman back from his mother's funeral so that she so that he could vote. And that's on a Friday night didn't in the present inside and Sarandon -- Monday didn't sign it -- I send -- Tuesday filing in Denver rush rush rush. Now we're in July and only 10% has been distressed what it called shovel ready. How could that happen."

" Well."

" First of all this didn't tell the truth."

" But didn't know if -- if that's right then they know that some time but he does -- they would face this if -- if that's true now they're they're hoping is."

" That they do so many bad things every week that you never focus in any one of them."

" How come on and that was there public and ninety minute did they then they truly believe back in February when they passed that and so it's the American people. That this was the end you don't you don't think they believe this."

" a friend of the president. -- a brand new president who come from the state senate to the US senate to winning the democratic nomination to becoming president for years. That's amazing achievement of his all of a sudden an office for the very first time he's never been an executive before. Anything's let's get Obama and his snug and nobody slows -- nobody says you know that's not how it works. And so they rushed everything as hard as they could not. Minutes isn't enough and yeah it it maybe sometime this planet honestly I think. I think he was at a moment of hubris where he believed that he could actually change the way Washington works. And you see it because he initially talks are being bipartisan. Then speaker Pelosi writes a radically partisan bill. He tolerates that it then has to be rammed through the Senate. And the way they were doing it. I think that the more cynical members administration knew that if they -- that bill to take an extra three weeks who would have passed. And so they knew they had to ram through to get it done I think what they didn't realize was. Exactly what you're doing now which is these votes never go away."

" would they use the promise that and that may be quote. An excuse he was knew he was -- he had great ambition but you -- two million people will blossom jobs. Since and since January. That -- have like well you know it's okay got ironically I got wrong the minute these people are hurting."

" Right this administration has failed. With the economy. And if they're not careful that -- gonna become permanent. And it's gonna trap -- 891011%. Unemployment for a decade suppose instead of doing this massive 737 billion spending. That we had completely eliminate withholding taxes. And S&P and combine it with some with some spending would that have made any appreciable difference to the state we're now. The I think there were some congressman who actually proposed. That we have a very did you take the same 787 billion dollars you literally would have paid no. Corporate or personal income tax through August. Now if you've done that -- tax holiday on that scale. You would clearly have stimulated the economy radically more. But you wouldn't solve when part of this was a deal. The politicians were covering for the politicians. They were trying to solve the problems of the mayors the county commissioners the school boards. The state governments. And in fact that's not gonna work we are at the end of an era. Where we could use our credit card to avoid tough decisions. We're at the beginning of an era. We're we have to be honest to get back to the basics and that means very challenging decisions about the size of government and about what America can really afford."

" But if we look we -- defend what we're facing those same problems -- a minute say it's so what justice was served at the payoff to."

" Local until ten mayors and the states at this was the the Democrats are legitimately the party of government as a party of government they use their power to pay off government. Now they called it a stimulus because if you want tennis and I have this great idea let's pay off every politician in America people would have thought you were truly crazy. And what's happened in this is why they have a big problem. I think they believe the economy would turn around. I think there's suddenly faced with the likelihood that this economy not only has not turned around. But there's a real danger it's gonna be trapped in the eight to 11% unemployment range for a long time. They now have won all their big votes they it's going to be very hard this fall for President Obama to go back and say this is George W Bush's problem. Because because the fact is this is they've gotten what they ask for and is now working. If that continues to happen I think the real debate ought to be between a real stimulus bill which has to be. The private sector small business to -- so that's where the jobs are currently there isn't I've."

" Like the idea of game -- of the withholding taxes and felt it was simply that if it were a mistake. You could also under -- who could change it. Want to get -- seven or 87 billion dollar stimulus bill and he started projects we couldn't turn around for on the wrong track that was so -- just easier to look -- to reverse yourself you plant you only spent about eighty billions of financial outlays."

" My guess is you could capture three to 400 billion dollars and hasn't committed yet. And you could take all that in turn him into a tax cut. And it would be dramatically better for the country. Two to take the money back from politicians. And give it to the American people lower taxes particularly -- the lower taxes are focused on the self employed. And small businesses to accelerate the development real jobs my."

" Next favorite topic of the day is -- the president has now hired over seven days so I ask you about these guys vitro. And that's setting -- a thirty rather than Tampa -- erase not sit over there it. Is some of these guys like the Afghanistan czar Richard Holbrooke. Is that one Dennis Ross is the central regions are. They had been served divided ebbs in some part different geographical parsed and wealthy and I just jobs of one of the State Department. What effect festival used to call those people roving ambassadors. I would certainly mama but why are we hiring this extra people why I got this my list here. And next and I could -- my hand right but exit as that they and these are the different departments that -- the candidates sectors doing. Why -- we are these cars historic."

" You do have people who -- presidential envoys said Don Rumsfeld was in the 1980s for Reagan in the Middle East. But they're using called presidential envoys are not kind of night you can be is are well -- President Reagan signed that bill cranes are -- criticized. Well. This one -- is -- for the drug war reaction of some domestic control."

" twos are as regulatory and pentagon procurement -- is from right and he get to bush 41 had one Clinton had nine bush 43 had twelve. And -- had to date. President Obama heads what's the easy hands to use ours for a recount announced. She -- have a -- cabinet and a regular cabinet they could have meetings. Well evidence senator Byrd was met in February when they when they start -- president bust ever at this -- was bypassing the advise just consent agenda of the."

" Is this is an administrative chaos. If you put together you do this one if you put together charred. Of the organizational structure that supposed to be there and then you -- over that chart all the very is ours where they overlap. And who they -- important at a similar place against the."

" Suzanne why the eight star women aides are wise that HHS with an auto recoveries are wise in the Department of Transportation will borders are wide -- Homeland Security. We have eight cars are what happened the treasury."

" Have a mission how much money that total numbers are items cost but it -- these artists have staff that have offices have to travel so you -- me if I'm talking about. 520 million dollars is our times thirty --"

" This isn't a weapons sorry what why isn't that panel by state or defense we always always bring users what why don't we have. Cabinets -- continue technique for getting your friends titles. I'd say an act dead the seven well hey I scandalized by this and that's gamma."

" I think it's an example there -- administrative and efficiency. And the fact of the day they think if you named something you've solved it. And they're gonna find out today it's much harder than."