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Gingrich on the Steps to Making the U.S. Economy Competitive

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    Former Presidential Candidate Newt Gingrich on what is needed to boost the U.S. economy.

  • Duration 5:54
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-- in addition it would.

John -- today talked about America's unique role in the world that we should never give that up.

That despite our financial problems we as the world's leading democracy.

And and uncontested power have to room with that there was -- great responsibility.

To protect the -- to shepherd this process longs it is appointed -- Gingrich raised.

-- -- and Barbara wore a brightly tonight instead throughout his own presidential campaign of former speaker of the house the odd man who brought us to -- -- Revolution and the last Republican.

Onslaught on Capitol Hill new -- those speaker good to have you had a beer com.

If you sick now way as you said David campaign you know our.

Economic ills.

Are are part of a bigger problem still it's it's both of some of -- respect but had to leave -- them.

Well I think this is why if you look at Romney's plan for middle class prosperity the number one -- it was American energy independence.

And his argument is that by the end of the decade you can literally have a North American.

Candidate US Mexico production so -- We don't care about the Middle East you liberate yourself you can make decisions based on economic strength and -- having no fear.

And what might happen in the ministry of Promos are in the Persian gulf.

And we just did two hours today -- -- university dot com on energy where we have Harold Hamm who develops -- North Dakota.

And the scale of resources were about to see -- United States you know last week.

US Geological Survey increased its estimate of natural gas in the state of Ohio by 42 not 42%.

4200%.

More natural gas in Ohio than they thought there was Jewish.

Because all this new technology all design innovation and so the first step I think for Romney.

Get aspect energy independence.

Which automatically fixes our balance of trade huge change in this flow of money.

Create all those new jobs rebuild the economy his -- 4% growth a year twelve million new jobs now America's in the world once again.

As undeniably the strongest country and by the way.

When you -- energy.

You know this could you covered it yourself when you -- energy.

You become the leading manufacturing country in the world because suddenly lower all the cost of manufacturing.

Sold by the end of the decade.

Number one energy producer in the world to US.

The number one manufactured -- US we have a positive balance of trade for the first time and longtime in the world would -- -- -- wow.

They did it again if you think we can do it again.

I didn't five cents figures that.

When you -- you don't have a lot of wiggle room and you certainly can't influence policy debates when they think your financial DO so.

What is the order of events to get us back on track what do Republicans that these guys have -- would -- we have been.

At the -- -- university -- can't say it is a briefing by Scott noble.

And and mark plumbing which then walks through the with the royal they they -- the -- largest royalties on the national mobile wrong.

They walk us through what energy independence means in terms of cash flow -- the federal government.

It's about three quarters of a trillion dollars almost -- and I mean.

The different energy alone.

Cannot -- by itself could but my principal and secure reaganism is first to fix the economy.

You get this economy growing.

Second you control spending I mean -- -- put Paul Ryan on for vice president.

Unless they're serious.

About very fundamental budget do you believe this ticket when it says it's a conservative -- I believe Mitt Romney.

Reached its conclusion.

Much like Margaret Thatcher in the late 1970s.

That it would take an extraordinary.

Bold and historic leadership.

And then he wanted to gamble everything that -- -- some politician who gets to be president and preside over the -- But on band guy -- this is -- a turnaround artist surveying the and a guy who goes the country tells the truth.

Lays it out.

And gets the country to help him against the congress to pass things you couldn't imagine the value to believe this has -- -- absolutely loyal supporters say.

It's metamorphosis -- not -- not -- but did not -- far Ryan I wouldn't be quite as enthusiastic.

I would be.

Any part of my.

You know pick Paul Ryan to be on notice -- -- unless you're gonna have a very big issue crates in the history.

Well in the 1980 cadets who was Ronald Reagan conservative had to win over some moderates we're getting a little concerned about the direction of the party.

-- -- -- way to think about it Mitt Romney a moderate as to -- -- conservatives.

Say they've got on tour with Ronald Reagan then will they get on board without -- Romney and -- ten people who fit the conservative thing.

You don't -- Paul Ryan architect of the Ryan budget.

Ron Paul doesn't like it.

Ron Paul says he's still not take it easy for the China and that's a game Ron Paul plays PLC you don't you don't like I think I think he's sincere in Franklin.

This is right to -- -- you know who wins but in the end the questioner -- -- plaza.

Can you look you grandchildren in the -- and say I helped reelect Barack Obama.

Present some evidence in the end their two votes and vote for Mitt Romney as a vote to elect Barack Obama vote for libertarian -- a vote to elect Barack.

A vote not to -- -- -- votes really Barack Obama is only one vote that is gonna deceit Barack Obama and that's governor around.

You can always funny critics say hello erase the former speaker of of that.