Newt-onian Physics

It's official:  We'll have a few more years of Newt Gingrich to kick around.

Using social media tools that didn't exist when he last served in office, former House of Representatives Speaker Newt Gingrich formally launched his candidacy Wednesday for the Republican presidential nomination.

After months of hinting, Gingrich made it official with a Twitter message that said simply: "Today I am announcing my candidacy for President of the United States. You can watch my announcement here."

A link led to a YouTube video of a smiling Gingrich speaking over soft music.

"I believe we can return America to hope, and opportunity, full employment, real security, to an American energy program, to a balanced budget," Gingrich said.

He invoked Ronald Reagan and said that as House speaker he'd played a role in revamping welfare, balancing the federal budget and reducing unemployment. And in a nod to tea party supporters, Gingrich said he would be president over "a decentralized country under the 10th Amendment with power once again back with the American people and away from the Washington bureaucracy."

Yes, full employment as Wal-Mart greeters making (less than because it will be abolished) minimum wage.  

Newtie of course wants as little government regulation as possible and even less corporate taxes.  But if we cut corporate taxes, they'll use that money to hire new workers, right?  Well, look at what Xerox plans to do with its planned 2012 cash windfall from having an excellent year (and go allllll the way to the last paragraph!)

Xerox expects to generate $2.6 billion to $2.9 billion in cash from operations in 2012 and free cash flow between $2 billion and $2.3 billion. The company is committed to returning cash flow to shareholders, planning to use 70% to 80% on its share repurchase plan, 15% to 25% on acquisitions and a small percentage on dividends.

The amount that Xerox plans to invest its newly freed cash flow back into creating additional American jobs:  zero.  But let's cut their taxes because they're smothering under having to pay Uncle Sam!  They'll create more jobs if we do!  That's the Newt Gingrich 2012 message!

Coming soon to a Republican platform near you.