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Back to "hardball," now for the side show. at long last, newt gingrich made his exit of the 2012 race today. last month, newt was asked what democrats would do with the treasure-trove of brutal attacks he gave them. >> when the time comes and somebody wins the nomination, can you stand on stage together and stay with a straight face i support each other? >> absolutely. >> make stuff up? why reinvent the wheel. here is how team obama commemorated the last day as candidate. >> why should we expect him to level about anything if he is president? i don't know of any american president is a swiss b...

Average folk? well, he actually says that for rick santorum to be able to relate to them and to pull off this nomination, it would be the m word. a miracle. >> everybody has a scenario where they can become the nominee. that's fine. that's why we have a primary process and so far, we've got, i don't know, two, 2 1/2 times as many delegates as he has and millions of more votes than he has and, you know, that's the nature of political process. if he's able to pull off a miracle, so be it. he'll be the nominee. >> so -- >> doubling down. >> yep, doubling down. there's a third person in this big r...

At the mike, he made a point about the buffett rule. if you make more than $1 million a year, you should not pay less than 30% in taxes. let's hear senator schumer. >> we agree with the president. it makes no sense that a millionaire should pay a lower tax rate than a secretary. so it's a priority for us to act on some kind of romney -- i mean buffett rule this year. >> some coincidence. romney's newly released tax return showed he paid about 14% in taxes in recent years. it looks like the buffett rule has a new poster boy. up next, the clown show lives on. i'm not alone in using that term in ...

Let's hear senator schumer. >> we agree with the president. it makes no sense that a millionaire should pay a lower tax rate than a secretary. so it's a priority for us to act on some kind of romney -- i mean buffett rule this year. >> some coincidence. romney's newly released tax return showed he paid about 14% in taxes in recent years. it looks like the buffett rule has a new poster boy. up next, the clown show lives on. i'm not alone in using that term in talking about the republican race. here's ed rendell weighing in on the gop race today. >> the republican race for president so far has r...

On the gop race today. >> the republican race for president so far has resembled a clown show. the clowns arrive in the car and keep getting out of the car. there's one clown after another. we have seen clowns run for president totally unqualified. have one bizarre idea after another. if i was an independent voter and looked at this, i would say, oh my god. is this what the republican party has to offer? gingrich and romney keep making one mistake after another. seem to be tone deaf to what people are interested in and are deeply flawed. >> by the way, he says this is a god send for the obama ...