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South Carolina Muddles GOP Waters

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    David Webb of TeaParty365 on the impact of Gingrich’s win in the South Carolina primary.

  • Duration 8:19
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Here's what I'm here in and -- -- -- some mistakes I was on the ground in Colombia I was their broadcasts and from a location -- stated I've been down there before.

The split in to South Carolina both really important to in the more social conservative areas and we have to separate.

Conservative from social conservative they're being put here is one insane.

There are not in the Republicans hang their hat on social conservatism they will lose the election Obama gets another term.

Santorum -- -- yeah that's about the economy and -- in economics in South Carolina 10% unemployment and underemployment even higher.

That hurts but however at what happened is new got the enthusiasm.

He got voter enthusiasm in South Carolina and when you look at the the break -- Richland county more moderate Romney wanted.

Romney -- the moderate areas you got a lot of moderate vote he didn't over comments.

I'd like to point out of silver lining from Rami I don't know I'm not gonna break it -- by the number of breaking it down by the owners were there but but the voter enthusiasm played heavily for new.

That first question that he knocked out of the ballpark until John King on.

That gave him and for the Republicans who want to -- Obama's nose bloodied.

I got news for you.

Bloody in his nose is not gonna win the election.

It's the person who as the bullets on the ground as the national structure who can go out there and independents will do what South Carolina belie that because probably have better structured -- and what this new poll affordable lines that because of all the money that that hasn't now moves taken over that -- is losing points for the -- important for Romney is that Romney doesn't get out there and -- insult to be.

The fighter.

He's playing a national strategy he should be running a primary strategy right now -- President Obama -- gonna give a State of the Union Address tomorrow now should we expect them to announce some sort of renewed -- program the bill.

-- the housing prices a lot of people saying Dennis it could be a massive principal reduction plan a force to principal reduction plan.

In the banks you know you actually passed -- federal law forcing the banks to you know take down 20% off the value of the homes.

-- and of course.

This from an administration that was one of the first ever to put bond holders at the back of the line that GM bailout -- they.

Took equity gave it to the union.

And then they said bottlers debt holder appeared forget and that's gonna tell banks would get and -- -- -- -- debt holders for mortgage holders could you just have to -- live the principle down.

Understands and -- like 110120 million homes in the US.

Only 10% twelve million homes.

Are underwater according to the latest Federal Reserve's so and of those only 3.4 million homes are in default not paying the other more than -- -- -- Charlotte -- the Obama administration takes your numbers -- to your point.

Why should we let three million homes hold an -- a hundred million home tots it's let's clean this up let the banks take the bite.

Bring America because those 3.4 million homes low.

275 billion dollars more than the homes are worth.

And you -- and whose fault is that they're probably the people who bought.

Late in the bubble they were speculating they were betting that the how the prices would keep rising they can just flip -- if they ran into trouble they ran into trouble at a time when prices since 06 are down.

30%.

Seven trillion dollars in lost value.

275 billion dollars at risk that's they know that more than home sort that's not a big deal that's less than 4% of the total losses we've had so far.

I don't think that's a crisis requiring government to step in.

And and and violate 215.

Years of property rights in America and -- banks were -- in the -- -- -- the principal W like it or not yet and I agree a -- Charles you and I've been talking about this for a couple years about all these failures in real estate commercial -- everything would go into the -- -- issue.

This is about also selling policy that gets reelected.

This president is gonna tell you that if you -- too much that I'm gonna bail you wow this is another failed hand they have program trillion dollars -- longer.

That's exactly but everybody loves it totally possible and I look I I hate to say this but.

When you look at what Dodd Gallup poll the latest Gallup -- -- -- is that it's back again today and the second dip before we shift gears.

But from a political point of you -- yeah.

Could it work for the president.

Could the president say listen this is a gift for all Americans -- 47%.

Of people favor -- candidate who would raise taxes on the wealthy.

I think he's gonna -- to that.

Right now we wanna get the latest we wanna check this -- that you were just talking about David from Gallup 13% of Americans say they're satisfied with the US economy now that's down.

What -- three percentage points since 2008.

So what do you make of did well this gives the president the perfect point Baghdad -- -- just -- he's gonna play the class warfare.

Who's gonna play race warfare is gonna do what every -- Nicole let's is based.

And that I -- I pains me to say this about this president but here's what we have.

We essentially have a -- spot in training for this reason any man or anything to anyone who's willing to keep his power.

By simply -- -- legislative means whatever means necessary the new Fannie and Freddie extension past 2012 that the ability to rewrite loans.

What ever they will to get back in power.

Means that this president will do anything possible at your expense one -- the population pays for the other.

And he's gonna demonize Wall Street is gonna demonized free market.

He's gonna it's gonna make -- Newt Gingrich did to Mitt Romney look like a Sunday picnic when it comes to.

Over the course free market accounts though as word of Tea Party and all those -- -- guys the ones who were fighting back there's a couple of if the appeals is that this band when Ghana not here's what the tea party's bidding Carl Cameron and I had a good conversation about this in Colombia.

The Tea Party has coalesced we've gone into the idea of getting together for the activation that's going to be needed we've got to get past June the obamacare decision.

We've got to get past the primaries when the candidate selected.

That's when the tea parties need to come out by the way the tea parties in South Carolina.

Not solidly behind -- not solidly behind Mitt or Santorum everybody wants to claim -- because the ones that are paying attention know where there.

And know that when it's time millions not art not a few thousand like Occupy Wall Street millions of Americans will step out and say.

We need limited effective constitutional government free market enterprise we need to things that have made America.

Well we assume and hope but according to those.

-- the I don't know if not going to be the case certainly 22011 it was all about.

The disenfranchised.

Even kids want to Columbia who they were disenfranchised somehow I don't networks next topic David according to the Associated Press too many states are ready.

For obamacare that means one thing.

That the federal government gonna have to stop and it's gonna cost us so much more money now this is something we were told we were gonna love what's your guidance that it's been a couple here -- -- -- anybody -- -- you'll learn more.

Out of Juergen allotted that was princess Pelosi is -- statement today and captain read look the bottom line on this is also the mechanism.

How do these states decide to get ready for this.

And how do they decide to change it if we have a June decided -- ready for server and they don't have the money are paperwork that's the problem it's a mechanism and the money I mean the states are looking at their budgets on an annual basis they're not looking at it like the Obama administration -- says will bleed the taxpayers to pay for more or will borrow from China.

So that -- built up -- back into what you're saying and a higher taxes higher tax entire taxes.

You have half the -- -- suing to overturn this I don't think they're gonna be rushing to implement -- and I think a lot of people are waiting to see.

What the Supreme Court decision as does the federal government have the authority to mandate that the State's pay for these kinds of things so we're all waiting a lot of states are hoping that those will be -- not I just -- -- but look at the states.

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