'This Week' Transcript: Newt Gingrich, John Boehner

GOOLSBEE: If you look at the issue the president raised, I think the arguments about class warfare that you -- that you saw Boehner making, I don't think hold up as well, because over the last 14 years, the rate -- the share of income that the highest-income people have paid got cut in half. And to go back to what it was is not class warfare anymore than getting it to where it is now was class warfare.

TAPPER: Donna, who do you think President Obama would rather face? Laura seeming to express some skepticism that Newt Gingrich would actually be the preferred one, because it would be so easy to use the Warren Buffett rule and this tax code changes to go after Mitt Romney, as here is a multimillionaire several times over who only pays a 15 percent rate.

BRAZILE: Well, there's no question that Mitt Romney, in his record, his record at Bain Capital, his -- his taxes, the fact that he has to now amend his financial disclosure form, Mitt Romney would be a great candidate to run against in terms of the economy, because all of the so-called assets he had in terms of, "I'm a businessperson, I know how to run things," I mean, Newt Gingrich has exposed him -- Rick Santorum and others -- that there's really not a lot there. He couldn't even come up with a good, precise number on the number of jobs created.

But, look, I still believe that the both of them look the same to me. They're both -- they may look different to you, Laura, because I know -- because I've been hanging out with the Tea Party conservatives.


BRAZILE: Yeah, I've been going to, you know...

INGRAHAM: They like you.

BRAZILE: ... these debates, and I've been hanging out with the mainstream establishment conservatives. I know George said there's no such thing as an establishment.


BRAZILE: And I'll tell you one thing, they're all running on the same failed tax policies and economic policies that got us into the mess that we're in, you know, right now. So they're both the same to me.

TAPPER: George?

WILL: 2011, the economy grew at 1.7 percent. Now, that's not enough to keep up with the growth of the job market, in job creation. Ten months from now, eight months, three months now, we may be talking about what Greece did to Italy and what Italy and Europe have done to the United States. We're going to have big issues, big events between now and the election.

GOOLSBEE: Look, George is 100 percent right about that. And I would say, if the economy's growing the way it did in 2010, or is...

WILL: Three percent.

GOOLSBEE: ... 3 percent and above, the president is going to have major wind at his back. If it's growing less than 2 percent or if things go wrong in Europe, he's going to be facing trouble. But we're somewhere right now, splitting the difference, and so we're going to be in this -- in this close spot.

INGRAHAM: Yeah, but the record...

GOOLSBEE: But the -- the one thing I'd say is, the argument that it's all about the growth of government, the numbers that came out on Friday showed that the private sector is growing almost 5 percent a year. It's a huge boom. The thing that's dragging down the economy is the government is shrinking so rapidly that it's pulling the overall growth rate to 2.8 percent.


TAPPER: We're running -- we're running out of time. And I want to get -- I want to get...

INGRAHAM: Is this a science fiction show?

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