Romney, Gingrich Take First Jabs

Mitt Romney doesn't "want to mine the moon for minerals."
4:07 | 12/10/11

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Transcript for Romney, Gingrich Take First Jabs
Speaker Gingrich and I have a lot of places where we disagree we'll talk about -- -- -- what places where we disagree. Let's say. But to start with that with his idea to have to have a -- lunar colony that would mine minerals from the from the moon I'm not in favor of spending that kind of money -- -- did -- that. He said -- would he would like to eliminate in some cases the child labor laws of the kids could clean schools I don't agree with that that idea. His plan and capital gains to remove capital gains for people. At the very highest level of income is different than mine -- -- eliminate capital gains interest and dividends for people -- middle income. So if you we have differences of -- point on some issues but but the real difference I believe is our backgrounds. I -- my life and the private sector. I understand how the economy works. And I believe that for Americans. To it to say goodbye to President Obama and elect a Republican they need to have. Confidence that the person they're electing knows how to make this economy work again and create jobs for the American middle class your response. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Let's let's start with a lesson that let's be -- the only reason you didn't become a career politician as you lost a Teddy Kennedy in 1994. -- -- -- -- Okay what others. Do I get to -- I don't know its latest now I'm just saying that I looked and I thought. You know I'm a citizen have served to cut him anyways here is citizenship country -- many ways it's a bit much -- -- a seventeen year career politician but now if you want. That's that's homes and -- anonymous true. I'm proud of trying to find things that give young people reason to study science and math and technology. And telling them there's somebody in their life and they could dream of going to the moon they could dream of going to Mars I grew up in a generation where the space program was real where it was important. And we're frankly it is tragic. The NASA has been so we are -- -- uses the at Iowa Iowa State's a perfect example. I'm system brilliant things in attracting brilliant students I wanna give them places to go and things to do and I'm happy to send the idea that America should be in space. And should be there and aggressive entrepreneur away. -- -- -- -- I think virtually every person up here worked at a young age what I suggested was kids ought to be allowed to work part time in school. Particularly in the poorest neighborhoods both because they could use the money if you take. One half of the New York janitors who unionized and paid more than the teachers and entry level Jenner gets paid twice as much as an entry level teacher. You take half that senators you to give -- you have lots of poor kids. They work experience in the cafeteria. In the school library and front office and a lot of different things I'll stand by the idea young people ought to learn how to work middle class kids do routinely we should give poor kids the same chance to pursue happiness finally. -- -- -- I'm astonished you're a businessman. You want to create jobs but -- thousand dollar cap when your capital gains tax cut is lower than Obama. But you know if you really want to create jobs you want to do you want to encourage people who make more than 200000 dollars who actually have capital. To invest capital in the US house stick -- zero capital gains will create vastly more jobs than your -- governor -- On garnering in the owners get my proposal actually does -- eleven point five million jobs and it does so by a higher at the GDP growth -- that we've seen over these last Obama years. And in my view the place that we could spend our precious tax dollars for tax cut. Is on the middle class has been most hurt by the a -- economy. That's where I want to eliminate taxes and interest dividends and capital gains with regards to the idea that if -- have beaten Ted Kennedy I could've been a career politician. That's probably true. -- if it if I would have been able to get in the NFL like I hope when I was a kid might have been a football my life --

This transcript has been automatically generated and may not be 100% accurate.

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