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From the romney campaign criticizing president obama's energy policies. with gas prices on the minds of voters energy particularly oil is again at the center of the presidential race. and it's likely exxon-mobil will be a huge force in shaping the debate. as the nation's largest energy company virtually acts as its own independent state. arguably wielding more power than any corporation in the world. joining us is author of "private empire, exxon-mobil, an american power." it's an honor to have you on set. i read many of your writings. this i have not finished. a great book and important book ...

Necessary. >> bill: imperative that we do that. take it back three years, say this is what we are going to spend in 2012, exactly what we spent in 2008. or we are going to start the debate there. start it there. if there are pressing needs we could up it a little bit. if there aren't we could down it a little bit. i'm glad you agree with me on that because you know this stuff much better than i do. in president obama's budget and colmes is trying to pedophile the issue. he wants to raise $493 billion next year to fund the 2012 budget. where is that coming from? >> it is coming from rein statem...

Say this is what we are going to spend in 2012. or we are going to start the debate there. start it there if there are some pressing needs, we can up it a little bit. if there aren't, we can down it a little bit. i'm glad you agree with me on that because you know this stuff much better than i do. now, in president obama's budget, and this is how colmes is trying to petty fog the issue. he wants to raise 493 billion next year. >> right. >> bill: he says going to be $493 billion coming in to fund his 2012 budget. where is that coming from? >> well, it's coming from reinstatement of the payroll ...

Spend in 2012. or we are going to start the debate there. start it there if there are some pressing needs, we can up it a little bit. if there aren't, we can down it a little bit. i'm glad you agree with me on that because you know this stuff much better than i do. now, in president obama's budget, and this is how colmes is trying to petty fog the issue. he wants to raise 493 billion next year. >> right. >> bill: he says going to be $493 billion coming in to fund his 2012 budget. where is that coming from? >> well, it's coming from reinstatement of the payroll tax. a little holiday that we hav...

Say this is what we are going to spend in 2012. or we are going to start the debate there. start it there if there are some pressing needs, we can up it a little bit. if there aren't, we can down it a little bit. i'm glad you agree with me on that because you know this stuff much better than i do. now, in president obama's budget, and this is how colmes is trying to petty fog the issue. he wants to raise 493 billion next year. >> right. >> bill: he says going to be $493 billion coming in to fund his 2012 budget. where is that coming from? >> well, it's coming from reinstatement of the payroll ...