"Face the Nation" transcript: October 9, 2011

Schieffer: What's your take Mr. Gingrich?

Gingrich: I think the sad thing is, this is the natural product of Obama's class warfare. And Ronald Reagan used to tell the story about the British worker who stood by the road with his sign as a Rolls Royce went by and said someday we're going to get that guy out of that car. And the Americans stood by the road as a Cadillac went by and he said someday you're going to buy that car. Now Reagan represented the real American tradition which is that you and your children have a chance to go out and work hard, the Steve Jobs experience. You can create a better future. You can do something better. We have had a strain of hostility to free enterprise and frankly, a strain of hostility to classic America starting in our academic institutions and spreading across this country and I regard the Wall Street protesters as a natural outcome of a bad education system teaching them really dumb ideas.

Schieffer: Well do you agree with Mr. Cain who says they're just jealous of people who have jobs?

Gingrich: Well I'm not even sure that the people actually protesting..look, there are a lot of people in America angry. I was with 35 realtors in Buford, South Carolina on Wednesday who are looking at a disaster in housing but they know that it's the Dodd-Frank bill, it's the Obama administration, it's Bernanke and Geithner and they're focusing their anger on the people who are causing them pain. They're not angry about other people being successful, they're angry about an Obama administration stopping them from having the chance to be successful.

Schieffer: Well did you really mean that literally, you think they're just jealous? You think that's the driving force? Couldn't it also be that these people don't have a job, they don't know where to turn, they don't see any answers to the problems they have and you think it comes down to jealousy?

Cain: Bob, yes I do.

Schieffer: Really?

Cain: Because it's class warfare. Some of them are there because they don't have a job. Yes. But the fact of the matter is, why aren't there jobs? Go and picket the white house. Demonstrate in front of the white house. The thing that this administration does not get is that the business sector is the engine of economic growth. That's key. They don't get that. So this president and administration wants to continue to try to spend our way to prosperity. Part of it is jealousy. I stand by that. And here's why I don't have a lot of patience for that. My parents, they never played the victim card. My parents never said that we hope the rich people lose something so that we can get something. No. My dad's idea was I want to work hard enough so that I can buy a Cadillac, not take somebody else's. And this is why I don't have a lot of patience for people who want to protest the success of somebody else.

Schieffer: Alright lets shift just a little bit here. Mr. Gingrich you got some attention yesterday when you lit into the Supreme Court at the values conference. You basically said it should just be ignored on occasion and challenged on other occasions. You said that you would for one thing, call judges before Congress. Is that what I understand?

Gingrich: Absolutely.

Schieffer: Well how in the world would you do that? They 're in one branch of government...

Gingrich: You subpoena them.

Schieffer: But one branch of government can't subpoena people in the other branches of government..

Gingrich: Of course you can.

Schieffer: They don't have to honor the subpoenas.

Gingrich: Bob if that's true, then the court can't say something to the Congress either can it? By your standards, this Supreme Court cannot dictate to the President and cannot dictate to the Congress. But they do. And there are clear provisions in the Constitution to re-balance it. There's a judge in San Antonio that issued a ruling so anti-religious, so bigoted, and so dictatorial in June 1st. He should be called in from of a committee and they should ask him, by what right do you dictate to the American people?

Schieffer: Because it's a separate branch of government for one thing and the judge wouldn't have to come....

Gingrich: He would have to come if he's subpoenaed. That's my whole point.

Schieffer: Could the congress also subpoena the president to come up there?

Gingrich: Of course. Lincoln testified.