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Yes, indeed, capital investment is a big part of it. much of that capital and innovative acquisition comes from the innovative businesses that if you raise those rates you'll be hampering their ability to push that idea from conception to commercialization. >> i agree on the certainty issue. that's why this bill does that. we're not talking about tax increases. we're about freezing the rates and much of what marcia is saying, i'm with her. i'm one of the 17 that voted to extend all the rates to get by the crisis situation. i'm willing to look at all those things. those aren't moving. >> do you...

budget and create millions of jobs. >> president obama disagrees. >> you can bet that since it's an election year, they're already dusting off their three-point plan for $2 gas. and i'll save you the suspense. step one is to drill and step two is to drill and then step three is to keep drilling. >> so how much can the president, for that matter congress, really control? stephen moore is an editorial writer for the "wall street journal." kris ya freeland editor of thompson reuters digital. stephen, newt gingrich says $2.50 a gallon. president obama laughs it off as insincere election ...

lot more good for the economy. >> the energy issue is enormous. an enormous flow which would drive down prices to $2.50 a gallon would help us balance the budget and create millions of jobs. >> president obama disagrees. >> you can bet that since it's an election year, they're already dusting off their three-point plan for $2 gas. and i'll save you the suspense. step one is to drill and step two is to drill and then step three is to keep drilling. >> so how much can the president, for that matter congress, really control? stephen moore is an editorial writer for the "wall street jour...

where are those jobs? let me show you how it breaks down. of the 243,000 jobs that were created, 257,000 jobs were created in the private sector. that's where everybody wants them created. you subtract the jobs that were lost by the government, 14,000, and you end up with that number, 243,000. let's talk about this with diane swonk, a chief economist, and with will cain and my good friend richard quest. what a treat to have all three of you with me in the studio. diane, these numbers are very strong. there's a disconnect between what some of our economic numbers and forks say and wha...

>> i was just going to say i want to go with that certainty issue. this certainty issue, we heard this argument yesterday, that really all anybody wants is certainty. has he got a point here? >> i don't believe that a higher gas tax will give us certainty, but i do think that developing more domestic supplies will cushion the impact on the economy. right now if we pay more for oil, the money leaves the country. if we were producing more of our own energy, even if the price went up, it would redistribute inside the country, get reinvested, get used, so forth, so the economic impact and most imp...