Watch Live: Holiday Yule Log

Newt Gingrich's Full Speech at CPAC 2012

Presidential candidate Newt Gingrich speaks at the conservative conference.
3:00 | 02/10/12

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:



Skip to this video now

Now Playing:


More information on this video
Enhanced full screen
Explore related content
Related Extras
Related Videos
Video Transcript
Transcript for Newt Gingrich's Full Speech at CPAC 2012
Thank you -- that was what she didn't tell you -- villages. And a very bad cough. She just wouldn't say I want to thank Dave -- has been such a great friend and -- partner with us. On so many different projects. I also just as a personal note want to thank Ralph hallow and receive four rep recognize -- last -- Tony Blankley who was such -- great. And I want to thank the new 2012 volunteers have been here working and could make such a difference we -- people base campaign. And our volunteers are really important. I spoke -- C -- many times. And she -- was found. To challenge the Republican establishment. Fact is when Ronald Reagan came here 1974. And gave his famous speech. On bold colors -- pale pastels. That was a decade in. From Reagan's first great national speech for vertical water the time for choosing. When Reagan campaigned in 1980. You could see the gap. Between the Republican establishment conservative movement. Reagan campaigned on supply side economics. Lower taxes less regulation. More American energy. Praise for people created jobs. -- establishment called it voodoo economics. The GOP establishment has a single word they use with contempt. For conservative ideas. Not they say there on -- So creating sixteen million jobs under Reagan. On realistic. Ending the Soviet Union. Unrealistic. And faith Woolsey who was in the Reagan White House as an ambassador of Switzerland wrote a brilliant piece recently for news -- Pointing out that the fight she -- -- -- -- -- conservatives against the Republican establishment. Over the very question. What -- now we should have an anti Soviet campaign. 1994 contract with America -- realistic. The house Republican majority of 1994 which by the way was elected by the largest one party increase -- -- in American history. Nine million new voters unrealistic. Reforming welfare -- two out of three people would go to work -- go to school -- realistic. Cutting taxes with the largest capital gains tax cuts first tax cut in sixteen years. Unemployment drops to four point 2% eleven million new jobs. Unrealistic. Four years of a balanced budget. Unrealistic. But the Republican establishment. Managing the -- Is preferable to changing the trajectory because changing the trajectory. Requires real fights. And requires a real willingness roll up sleeves and actually take on the left and that's why the Republican establishment. Whether it's in 1996. Or in 2008. Can't win a presidential campaign. Because they don't have the toughness they don't have the commitment and they don't have the philosophy. Necessary to build a majority in this country. -- says the Republican establishment in this city. Crony capitalism and congress is fully as bad as crony capitalism on Wall Street. And they had better clean up the congress they expect. To be reluctant. Sit back actually represents a fifty year struggle. -- goes back to the draft Goldwater movement in 1960 -- And the Tea Party vs the Republican establishment. Is in many ways the same practice this has been going on for a half century. And it's a -- in the core of it is very simple. The conservative movement. -- it offers bold solutions. To rally millions of Americans not just Republicans millions of Americans. Democrats independents people -- never -- in politics. Then it wins decisively. 198019841994. Are examples of that. What I -- talked about today is bold solutions. To get America working again. And when contrasted. With the timidity that comes from managing the decay. Two examples. We won the Second World War. From December 7 1941. To. August 1945. So -- a lock this in years as an example of what America can do when you unleash the American people. In 44 months. Three years and eight months. We defeat Nazi Germany fascist Italy and imperial Japan. 44 months. Recently it took 23 years. To add a fifth runway that monitor. When people say you really can't control the border by general in 2014. They're describing the America that can't. That's the establishments America tied up in bureaucracy tied up in red tape tied up and incompetence I happen. But. Let me be very clear. All of you seen the Washington establishment and the Wall Street establishment piled on top of me. All of -- -- -- -- things were just profoundly false. And is a good reason they're doing it. This campaign is a mortal threat to their grip on the establishment because we intend to change Washington not accommodated. So let's take. The speed the toughness. The emphasis. Of the Second World War and let's take -- -- should make all of us optimistic there is a world that works. Most of -- but not all of it is in the private sector. And as the world that fails. Most of it but not all of it is in the -- -- be one single -- How many of you have -- gone online. To check a package at UPS FedEx. Brilliant you've ever checked -- -- today. So virtually all up. -- -- how much deficit on a drive this -- This is not a theory. It is a practical reality that we have the technology. That enables us to track between UPS and FedEx. We track 24. Million packages a day while they're moving and we allow you to find out where they are for free. That's the world the works. Now here's the world the fails. The federal government today cannot -- Eleven million illegal immigrants even if they're sitting still. Now I have a simple proposal. We send a package. To everyone who's here illegally. And one has deliberately pull up -- a computer we know where they are. Let me say from my friends and news media that that was hyperbole we don't need -- fact -- Now. How -- -- -- a series of solutions. That are big enough to get America back on the right track. And I think this has been the greatest challenge of this campaign we have lots of bickering we have lots of arguments about this and that. We have virtually no discussion of what does it really take. To take the most complicated society in the world. The largest economy in the world. And move it back to being the most successful most prosperous safest and freest country in the world someone to try this afternoon to set the stage for that. And a minute -- we have tons of details at -- dot org and if you want to just go to my first name or you'll see an immense amount of materials but. The standard here. Is to have solutions big enough to get America working again in the principle is to unleash the American people. To rebuild the America we -- Me start with jobs. If I am the nominee with pure -- Iowa asked in -- Republican ticket to campaign with me on the pledge. That when the congress comes in on January 3 and we'll stay in session and by January 20 when I'm sworn and it will have repealed obamacare. And do you. Will have repealed Dodd-Frank. It will have -- sarbanes Oxley. All three of those -- job killing bills. Which centralized bureaucracy in Washington DC and increase the corruption of the political system all three should be. Should be. Repealed and held at the desk until I am sworn in that afternoon on the very first date we should sign the repeal of all three that's a reasonable start. Two hours after. They inaugural address. Now we -- that he order. They've gotten around to search market. Jurors after the inaugural address -- Begin signings by executive orders and presidential findings. All of them will have been published by October 1 the country -- know precisely what this campaign is about. The very first executive order will abolish all of the White House -- as of that moment. Am. I. We will sign that -- an executive order. Which as of that moment approves of the Canadian pipeline to Houston. My message. The prime minister harper and the Canadian government is simple. You do not need a partnership with the Chinese give the American people a few months when we beat Obama on election night you can start buying equipment. Because we willow grove and on -- -- -- Okay. There will be an executive order to -- to move the State Department to put the embassy in Jerusalem as of that day. We -- that day. Reinstate Ronald Reagan's Mexico City policy no money for abortion overseas very. And we'll have a an executive order to reveal every act of religious bigotry by the Obama administration. -- My goal. When your health. Is that by the time President Obama lands in Chicago. We will have a we will repudiated at least 40% of his government on the opening day. Trying to talk now about how to create jobs. America works when Americans are working. The number one theme of the fall campaign. Will be a paycheck president -- a food stamp president I believe we will win that fight -- you tomorrow. Powerful President Reagan and -- eight years we created sixteen million jobs. I worked with President Clinton and and those four years we created eleven million jobs and get down to four point 2% compliments -- Really serious change and I have only one measurement. What I'm Bob -- so I want establishment honest and upfront. This is not about fairness this is not about being revenue neutral. This is about maximizing economic growth. To put Americans back to work. And to create the most dynamic economy on the planet and to rebuild are manufacturing base so we pull away from China and become once again the dot the dominant country on the planet an economic -- And -- you know that. First. You eliminate the capital gains tax a zero capital gains for all investment tonight. And second. Go to 100%. Expensing so all new equipment at every level farmer factory doctor business all of it gets written up in one year. The goal is to make the American system. The most modern most productive in the world. We'll also. But. The -- modernized equipment you'll want to modernize the workforce. Unemployment compensation should be changed so that in order to get unemployment compensation. You sign up for a business led training program so we are modernizing our workforce. Never again -- -- -- somebody 99 weeks for doing nothing. And 99 weeks. You can -- an associate degree. We think about the total waste of human capability when -- -- teach people to set -- -- for 99 weeks. Fundamentally wrong and a violation of the declaration -- commitment that we have the right to pursue happiness. It. It was. -- says about manufacturing. We have to eliminate the Environmental Protection Agency which is a job killing -- They should replace it with a brand new environmental solutions agency. Made up of new people and the number one requirement should be common sense. We should also have to take into account economics. The idea that at the highest gas prices we've had they're looking at a regulation that would raise the price of gasoline 25 cents a gallon. Tells you utterly totally irrational EPA is today and why we should replace it with a new agency. Not federal Foreman. Is the people -- have been self selected to be radicals or anti business anti local control and seek to dictate to America. We also need -- 21 century Food and Drug Administration whose job is really simple. The in the laboratory understand the science and accelerate getting it to the patient so we save as many lives as possible as rapidly as possible. And in the process we create hundreds of thousands of new jobs dominating the world market and health. We need -- twelve and a half percent corporate tax rate that's the Irish tax rate it makes us tremendously competitive in the world. It brings -- 700 billion dollars in profits that are locked up overseas. It enables our companies to compete and I say to my liberal friends at twelve and a half percent General Electric will actually pay taxes. But. We should abolish the death tax permanently because it's a -- -- Max. Now the governor Romney released his taxes the liberals were shocked. He was only paying 15%. There answer was to raise his taxes I'm a conservative. I believe our goal should be to get your taxes down to 15%. And how do you do that. We haven't my plan something we got from Hong Kong terrorists before Hong Kong has had for years. A two track system you can keep the current code all the red tape all the deductions all the forms or you -- in one page. Here's how much I -- here's some independence. Here's 15%. And here's what I wanna -- the establishment is and -- jump up and say this is not revenue neutral. The right. This is called a tax cut. And -- simple. I don't understand this disease is going to be coming huge argument inside the Republican Party. I worked and help balance the federal budget for four consecutive years the only four years in your lifetime. Some people Seau Gingrich is being responsible none of the people saying that are balanced -- what we'll get a federal budget balance but I have a simple principle. My intention is to shrink spending down to the level of revenue not to raise revenue up to the level of Obama's plan. Dozens -- slightly had a 1984. When we put in the no tax increase. Platform which I work with Jack Kemp and -- -- bobcats and others aren't against by the way the establishment. And our principle is simple. We are not the tax collectors for the welfare state we are not assigned the job about -- to raise extra money so liberals didn't give it away. We are in fact -- in the tax code that creates jobs that maximizes freedom that gives you a chance to take care of your family. Your neighborhood your charities your church or synagogue and that's a fundamentally different model. -- the establishment model which is oriented towards government. And we will not tax the American people for Barack Obama's credit card. How -- you -- to balance budget that you cut spending. You cut taxes to maximize economic growth you reform government and you use American energy. At four point 2% unemployment which was the rate when I left office. Social Security is safer generation. Huge increase in revenue. And a big decline in cost and take people off of food stamps off of Medicaid you take them off a public housing off of unemployment. Off of welfare you put him to work paying taxes the government gets more revenue without a tax increase the government spends less it's the first big step -- about. Let's talk about. So cutting spending. This is running by bold proposals which will promptly be labeled -- -- We should replace the 130. Year old civil service system and regulations with a new model of modern management. Using systems -- -- six sigma and we should be prepared to save 500 billion dollars a year in the operation federal government. And increase the economy by at least two trillion dollars a year by the simple act of having a government ceased to be incompetent inefficient and a hindrance to the future of -- Americans. We should look at cutting spending by looking at every single agency. And we should start by abolishing the Department of Energy which has been a total failure since it was found. Which supply the system of American Express MasterCard visa. To cutting out fraud we can say sixty to a 110 billion dollars a year in Medicare and Medicaid alone by going to a modern systems that work. That's almost a trillion dollars a decade -- -- that one's own. We should apply the tenth amendment I'm delighted that governor Perry's greeting -- -- project. To develop for the platform this summer for a contract this -- -- for a bill in January. -- tenth amendment implementation. To return power back home. We also have things -- and energy. I believe. The we have an obligation. To open up the American system to produce the maximum amount of oil and gas. For three reasons keeping the 500 or 600 billion dollars here at home strengthens America. If we maximize production. Our goal should be get back to two dollar a gallon gasoline to prove to the American people that the free market works and a practical way. It affects your life. Our best and finest right this is pure supply and demand when you realize -- North Dakota alone. Has 25 times as much energy as the US Geological Survey -- eight years ago. 25 times as much. And we're not allowed to look at Alaska Willey on 69 -- one and a half times the size of Texas. We don't look offshore. Mean Obama has been an anti American energy president and every American pays the price every time they go to a gas station. But there. And I have a very simple principle. We want to ensure. That no future president ever again bows to a Saudi king period. We need to move towards a personal Social Security savings account for young Americans. While taking Social Security off budget for senior citizens and we need to make sure that no politician ever again lies to our senior citizens. By threatening to keep from them checks that they aren't and that they deserve because the trust fund is there even if there's no trust -- Barack Obama. We need to have a complete audit of the Federal Reserve to find out every single decision. We deserve to know who got our money and why. If governor Bernanke has not resigned by the day -- sworn in Iowa -- to congress to pass laws ending his term. And we need. We need a commission. On --

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

{"id":15558504,"title":"Newt Gingrich's Full Speech at CPAC 2012","duration":"3:00","description":"Presidential candidate Newt Gingrich speaks at the conservative conference.","section":"Politics","mediaType":"Default"}