federal land and offshore. start adding in what we get out of becoming my goal is to be so independent in energy production that no american president ever again bows to a saudi king. if you have that level of american production in domestic energy production the royalties that pays is a substantial part of plugging that whole. chris: you are pushing the idea of drill here, drill now and you are talking about returning to $2.50 a gallon gasoline. right. chris: again, the experts say opec if you were to do that and unleashed all the domestic production they would cut production to keep international prices up. it is always the possibility of an oil spike upheaval in the middle east. they say even if it is the right thing to do, drill here, drill now, you can t guarantee $2.50 a gallon. you can t guarantee anything but you can guarantee under the
how confident are you that the news stays good from now until november? i think that this is very fragile because as karl noted yes, you have unemployment going down slightly, consumer confidence up a little bit. but the gas prices hanging over people s heads. also you don t know what is going to happen in europe, it could still explode. if they are betting on this that is a problem. one other thing going on here which is that the president is benefiting slightly from having found his message. they spent the past year wanterring around deciding if they were going to be the negotiators or the bipartisans or step out and try to appeal to moderates. they have lost that and what the president is doing is doing his class warfare sctick now and out there. and with republicans not having a message to combat that i think he is getting a little bit of traction just having his position. chris: and if it is a class warfare it seems to have worked that week because the
small businesse administration. that is 500 ememployees and less. they will be aloud for a 20% tax cut straight to the bottom line. make it easier forhe small business to start up. chris: doesn t that mean a lot of folks making over $250,000 a year are going to get a tax cut? the suggestion that i shouldn t be going home to my district in richmond, virginia, pro ying i can help by shouldn t be providing a tax cut because just somebody else will benefit. we have to work towards growth and regain the kind of optimism that america is about. chris: there are deep philosophical differences and i want to show you surveys on this which speak to the issue. when canned should taxes be increased on millionaires which would include some of these small businessmen, to lower the deficit, 67% say yes increase the taxes.
i will be in oklahoma, washington, idaho this week. the biggest difference between me and santorum is the scale of the ideas and boldness of the ideas. i m more prepared to talk about fundamental change whether it as personal social security safings account for young americans or zero capital gains taxotere kind of energy policy that would lead back to $2.50 a gallon gasoline. i think i m much more prepared to break out of the washington establishment model. chris: do you go after santorum to try to win back the evangelicals and tea partyers or go after romney figuring if you can drive him out of the race you can take on santorum later? my model is to talk positively to all americans and to try to suggest that having somebody that there are a set of numbers.
it is a fox news sunday exclusive. plus, are president obama s reelection prospects improving along with the economy. we will ask our sunday panel to handicap the november election. and our power play of the week telling an essential part of the american story. all right now on fox news sunday. chris: and hello again from fox news in washington. the republican candidates have been campaigning nonstop with two upcoming primaries in michigan and arizona and then a week later ten contests on super tuesday. newt gingrich has been up and down twice already. can he come back a third time? this mr. speaker, welcome back to fox news sunday. good to be back. chris: let s start with the rollercoaster ride that is the gingrich campaign. three weeks ago after your win in south carolina you were leading just three weeks ago leading the real clear politics average of national polls at 31%. now, you are a distant third all the way back at 14.5%.