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Full Debate:
Participants: Michele Bachmann, Herman Cain, Newt Gingrich, John Huntsman, Rick Perry,
Moderator: Wolf Blitzer
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Full Debate:
Participants: Michele Bachmann, Herman Cain, Newt Gingrich, John Huntsman, Rick Perry,
Moderator: Wolf Blitzer
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Note: There is a poll embedded within this post, please visit the site to participate in this post’s poll.
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Mitt Romney holds a commanding [but fluid] lead in the New Hampshire Republican presidential primary, more than double the support for his nearest rival, Texas congressman Ron Paul.
Romney, 64, is the preferred choice of 40 percent of likely New Hampshire primary voters in a
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Sign up for phone banking at
Ann & Kirby tell us why phone banking is the best thing (outside of
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This is a rush transcript. If you notice any errors please report them using the “Help improve this post” link at the bottom of this post.
Judge Napolitano: It’s a new low, Republicans have now joined Democrats in beating up on the most productive people in our society. Yes, you heard me correctly, Republicans are attacking millionaires; Jon Bon Jovi, Bruce Springsteen, Quincy Jones, Ted Turner, not for their political views, but for the way they get tax breaks. This, as super-committee Republicans waver on their fiscal conservative stance in favor of a tax hike. Here with insights is a man who will never compromise his fiscal conservatism, a quality that has him surging in polls. In a recent poll, Texan Republican Congressman Ron Paul is tied for first place with Mitt Romney, Newt Gingrich and Herman Cain. Will his hoards of devotes in the great state of Iowa propel him to victory in those caucuses in less than two months. Congressman Paul, it’s always a pleasure, welcome back to Freedom Watch.
Ron Paul: Thank you, Judge.
Judge Napolitano: Are you surprised that Republican senators are saying what they’re saying? I don’t expect you to jump on a particular senator, but Senator Coburn says, “We got to stop these rich people from taking advantage of loopholes that we have written”. And Senator Pat Toomey, who once had a reputation for being as faithful to the free market as you have when he was the President of the Club for Growth, now saying, “Well, on the super-committee we might accept $1.5 in cuts for every dollar in tax hikes”. Tax hikes? Where does he come up with that?
Ron Paul: It’s never worked before and it won’t work again. And the real confusion comes from the fact that there are some rich people who get benefits from government, they work with the
Ron Paul: It’s all a PR battle and it’s all a struggle for power, maintaining power, and not cleaning up the mess. The one problem that the conservatives is have, is they won’t accept the fact that maybe we spend too much money overseas, maybe our foreign policy needs to be adjusted, they will not contemplate that in any way. So they want to tinker around the edges and come up with tax gimmicks and not admit the truth. And on the other side, including many Republicans, they don’t want to touch any bailouts either, you know, the entitlement system. And that’s where our problem is, the American people are part of the problem because they’ve been taught to be dependent on government programs. So we as a country have to decide whether we want a government that’s going to police the world and take care of us from cradle to grave. And if we want it to happen, then we’re going to have total bankruptcy in this country, and we’ll end up with runaway
Judge Napolitano: If you were the President, what would you be pushing on the super-committee? Well, we wouldn’t have a super-committee if you were President, but if you were the President, what would you be urging the Congress to do right now in this present, unfortunate, unhappy recession in which we find ourselves?
Ron Paul: Quit lying to themselves and look at my proposal. I said in the first year, if our country gets serious, we can cut a trillion dollars out of it, and it would help us. And I used the example of after World War II, when we cut spending by 60% and we cut taxes by 30% and 10 million people came home, and guess what, the depression finally ended. So I would say we should look at that example and not this whole idea that the Keynesian argument is that we’re in a recession because there’s not enough spending. So government is supposed to spend, and people who have no credit left are supposed to go out and get a credit card and they’ll spend, and that’s how you end a recession: it’s a completely false idea.
Judge Napolitano: The first significant event in the Republican primary/caucus season is the Iowa caucuses, and you are now tied in the latest Bloomberg poll with Mitt Romney, Newt Gingrich and Herman Cain. Is the media going to start mentioning the fact that you’re up there in first place with them in this very significant poll, Congressman Paul?
Ron Paul: Well, probably not, I’m not expecting too much from them. But I’ll tell you what, the more they ignore me, the more attention we get, because they see it is so unfair. So if this continues, they won’t be able to stop us. And the one thing I’m pleased with in the poll, although we’re really tied with three other people, is the fact that when we get supporters, when supporters come in to our camp, they usually never leave. But if you look at the past six months, they come and go with the other candidates. So there’s reason for us to be very optimistic.
Judge Napolitano: Got it. Thanks for joining us, we’ll see you again soon.
Ron Paul: Thank you, Judge.
Judge Napolitano: Where did one hundred million of your tax dollars …
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Herman Cain, Ron Paul, Mitt Romney and Newt Gingrich are in a dead heat as the top choices for Iowans likely to attend the Jan. 3 Republican presidential caucuses.
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This is a rush transcript. If you notice any errors please report them using the “Help improve this post” link at the bottom of this post.
Eric: We’re less than 7 weeks from the first in the nation caucus, and Iowa Republicans have yet to settle on a single candidate. At this moment, a Bloomberg poll finds it a 4-way tie for the lead position. Our own Hans Nichols is in Washington, and he has the latest on the Republican race. Hans?
Hans Nichols: Thanks Eric, and good morning. No one has made the sale in Iowa, it’s a dead heat. Former leader of the pack, Rick Perry, has practically slid off the map. Let’s look at the numbers: Herman Cain is at 20%, Ron Paul is at 19%, Mitt Romney is at 18%, and then New Gingrich, also in that top-tier, is at 17%. But, Eric, the race is still fluid, 60% of likely caucus goers say that they could back someone else if they decide to, this is still very, very fluid. Eric?
Eric: So what is driving the race, Hans, that’s the question everybody is trying to answer? The Iowans top choice may ultimately not be their final choice, right?
Hans Nichols: Right, and it’s economic issues. According to our poll, it finds that these Iowa voters care more about jobs, taxes and government spending, than they do about the social issues. And that’s even though Iowa is doing pretty well economically; unemployment is at 6%, commodity and land prices are rising. This is poll is really a validation of Romney’s low-key Iowa strategy. His embarrassing loss to Mike Huckabee in Iowa 4 years ago still stings. Romney, at that time, sprinkled some 10 million dollars throughout the state for the win. This time around, it’s former state agricultural commissioner, Rick Perry; he’s the big spender to prepare that Iowa. Political reports say that he’s pumping $400,000 a week on to the airways to make up for some of those past debate performances. And the former leader of the pack, well, he’s now fallen to 7%. And another earlier leader, Iowa straw poll winner, Congresswoman Michele Bachmann, has dropped to 5%, Rock Santorum and Jon Huntsman are bringing up the rear. But it’s still very fluid, anyone can break this race open in the next 6 weeks.
Eric: Hans, thanks very much for a look at the Republican presidential race.
This is a rush transcript. If you notice any errors please report them using the “Help improve this post” link at the bottom of this post.
Larry Kudlow: New tonight, an Iowa poll shows Ron Paul has vaulted to the lead. Actually, it’s a four-way top between Herman Cain, Ron Paul, Mitt Romney, and Newt Gingrich. Here now is Congressman Ron Paul.
Congressman Paul, welcome back, you are among the four dead heat front runners in Iowa. Do you have a quick thought on that, you are surging there?
Ron Paul: Well, actually I’m very pleased and the campaign is very pleased with what’s happening, but I think I’m very cautious also, we have a lot of work to do and we’ll keep plugging away. One thing I feel good about is when we do get supporters, they’re pretty solid and they don’t come and go, they’re pretty solid and they’ll stick with me. So that, to me, is very encouraging.
Larry Kudlow: Congressman, what’s your key message right now to the Republican voters in Iowa that will caucus?
Ron Paul: The main thing is, which I’ve talked about for years, that we need to dramatically change our approach to government. Not so much that you get rid of waste and fraud, which I think we should, but it’s bigger than that. I think it’s the role of government. I want to talk about our foreign policy. And, of course, you know I talk a lot about monetary policy and how monetizing debt is an encouragement for spending, but we also have to address the spending here at home, and for that reason I say you have to cut spending. That, to me, is at the top of the list, and I have proposed and I have gotten good reception on it, that we ought to cut a trillion dollars out of the first year’s budget in order to tell the world and the financial markets that we’re serious and we’re not going to just drive ourselves into this sovereign debt crisis that the rest of the world is involved in already.
Ron Paul: Well, if I had anything to do with it, I wouldn’t accept it, and I certainly wouldn’t accept it nor vote for it. But if it goes through, and that is resolved, I think seals the faith for the Republicans in the next go around. It’s sort of what George Bush Senior did, he said, “I won’t raise taxes”, and he raised taxes and he was punished for it. So I think if the Republicans capitulate, there will be a punishment, and I don’t think that there’ll be any changes in the executive branch. But I’m offering something different and if we prevail, those kinds of things won’t happen.
Larry Kudlow: Wouldn’t the GOP be better off, sir, just on this point, to take the across-the-board spending cut trigger? Why not take that, at least it comes to, if I’m not mistaken, over a trillion dollars in spending cuts?
Ron Paul: Oh, yea. That’s better than not doing anything or raising taxes. But even that, from my viewpoint, isn’t very much, because that’s over a long period of time and it doesn’t really address the major problems. It would be better, though, I agree with you, than doing what it looks like they might do: raise taxes and pretend that they’re going to get more cuts. That’s not going to happen, that’s been tried before and the cuts never come about. Because what we do is only good for one year, these plans, these ten year programs that these baseline budget thing, that is what’s wrong. That’s why I claim that this year’s budget, the year that we’re working in, is the only thing that counts, and that’s why we have to address it and we have to cut spending in a very significant manner.
Larry Kudlow: You know, just last thought quickly, sir. You have an ally in the Fed, believe it or not. Last night on this show, Dallas Fed President, Richard Fisher told me he was totally opposed to any more quantitative easing, and felt we’d already done too much quantitative easting. Now I know you’ve suggested Jim Grant as a Fed chairman, what a President Ron Paul look at a Richard Fisher as Treasury Security?
Ron Paul: Well, certainly, you should be open, I just happen to know Jim very well. And fisher did write me a note recently and it was a friendly note, and he said he didn’t agree with a lot of what I say, but he was in agreement with a significant amount of it. So it was a friendly overture to me, and I think you should talk with people because you won’t everybody agreeing with you on all the issues. I just want to curtail some of powers of the Fed, of course, at the beginning. I’d like to change the whole system. But I think this is unrelenting monetizing of debt, which is the QE type thing; just printing and creating credit out of thin air, that will cause great harm, it has already caused great harm, and it’s going to take a while for us to work our way out of that mess.
Larry Kudlow: Alright, we’ll to leave it there. Congressman Ron Paul of Texas, now among the front runners in a dead heat in Iowa. Thank you, sir, as always.
Ron Paul: Thank you.
Larry Kudlow: Alright, very interesting, Richard Fisher a possible Treasury Secretary.
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