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Home » Newt Gingrich: Trump Will Break The Left With A Midterm Victory (Transcript)

Newt Gingrich: Trump Will Break The Left With A Midterm Victory (Transcript)

Read the full transcript of former House Speaker Newt Gingrich’s interview on Pod Force One, May 27, 2026.

Editor’s Note: In this episode of Pod Force One, host Miranda Devine sits down with former Speaker of the House Newt Gingrich to unpack the future of the Republican party and the upcoming midterms. Drawing on his experience as a historic political architect, Gingrich shares his straightforward strategy for a conservative victory while breaking down why he views the modern left as fundamentally out of touch with everyday Americans. The two also dive into Donald Trump’s unique political authenticity, comparing his impact on the national establishment to monumental figures in American history.

INTRODUCTION

MIRANDA DEVINE: Joining me today on Pod Force One is the former Speaker Newt Gingrich, who I would say without doubt is probably the most consequential Republican strategist in the modern era. And you, of course, are famous as the former Speaker of the House, having been the architect of the Republican revolution that ended four decades of Democrat rule. You balanced budgets and you were hugely successful in a way that hadn’t been done and gave Republicans, I think, hope for the future. So now you look 30 years later— was it?

NEWT GINGRICH: No.

MIRANDA DEVINE: Yeah, 30 years later. And you see the midterms looming. You see a president, President Trump, who’s in the middle of a war in Iran. You see gas prices up. What’s your outlook?

The Republican Revolution and Economic Legacy

NEWT GINGRICH: Well, let me say, first of all, the 30 years would be 1996. And that was the year we actually became the first reelected Republican House since 1928. Wow. So it was pretty consequential. Yes. As you point out, we then went on to balance the budget for 4 straight years for the only time in the last century. So we were— I look, I think—

MIRANDA DEVINE: That was no accident.

Gasoline Prices and the Midterm Outlook

NEWT GINGRICH: If you tell me the price of gasoline on Labor Day, I am pretty confident I can tell you about the election. If the president can get gasoline down somewhere in the $3 range and people begin to feel like it’s going to continue to come down, the Republicans will win the largest off-year election in modern times.

MIRANDA DEVINE: Really?

NEWT GINGRICH: Yes. That’s my personal judgment. Partially because with the one big beautiful bill last year, the weight of economic growth is going to be so enormous. We’ll probably be at 5 or 6% growth by this fall, which means that jobs will be showing up, people will have wages rising faster than inflation, and we will really be back rolling as the arsenal of democracy.

The other thing is that the Democrats really have become a party that is, I think, weak and woke and far too liberal. And I think as a result, they are almost like George McGovern in ’72. They are open to the potential for a collapse on a scale they can’t quite imagine.

And only, frankly, the liberal news media misleading them, like the recent Washington Post poll, which had, I think, 27% Trump voters in the poll when he got 50% in the election. Now, that’s actually a disadvantage in the long run for the left because it means they’re always operating off of bad information, and they don’t realize how much they’ve got to change and how much trouble they’re in.

Polling, Media Bias, and the Power of Campaigns

MIRANDA DEVINE: Well, everyone talks about how President Trump’s polls are not good, but he’s polling better than the Democratic Party.

NEWT GINGRICH: Well, I mean, first of all, I don’t trust any public poll. They’re always designed to make you feel bad, right? I remember in ’94, in October, I was in Idaho going in to do a radio interview, and I saw the cover of USA Today. And it said “Democrats gaining in poll.” And I knew that none of my team had said anything to me about the change in polling. So I had to go through this hour-long interview on radio thinking in the back of my head, what’s behind that headline?

Well, when you read the actual story, it said Democrats have gained ground with people who are not likely to vote. But Republicans have actually widened their margin among people who are going to vote. That somehow got translated into a pro-Democrat headline. So I start there.

Second, Michael Barone said many years ago that in all of the industrial countries, the left does very much better before the actual campaign because the liberal media is so heavily biased. But once the campaign starts, the more people learn, the worse the Democrats, so the liberals around the world do.

I remember in 1988, I was involved in George H.W. Bush’s campaign, and the vice president in May was down 19 points behind Dukakis. In November, he beat him by 8. That means that every 4th American switched. And that’s the power of campaign.

So I think President Trump around the 4th of July will put back on his candidate hat. And from there to the election, he will, I think, win the argument. Again, with the one caveat, gasoline prices have to come down.

The Iran War and Its Political Implications

MIRANDA DEVINE: Which really means that the Iran war has to be finished.

NEWT GINGRICH: Or you have to open up the strait. You can fight Iran forever as long as you get the Strait open. I mean, what we’re worried about is getting oil out of the Persian Gulf. If the price of gas comes down to $3 or $3.25, people— Trump’s been very clever. People don’t care if you’re using air power.

MIRANDA DEVINE: Right.

NEWT GINGRICH: It doesn’t feel like a real war. You’re not getting terrible pictures of American troops getting killed.