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That an american president should say about gas prices is that he promises to release as much u.s. oil into the population as he possibly can as we can possibly sustain to keep demand low and supply high? >> well, as i say, the strategic reserve a finite amount and you can artificially depress oil prices temporarily. >> right. >> but you're going to have to rebuild that. let's hear what the market a telling us. brent today is $110 a barrel. that's telling us that oil is getting scarce and dear. the message should be to consume less, not to override it with artificial government policies like r...

Tax code and get the incentives back in, that will help small businesses, particularly go out, build their businesses, and hire more people. >> i think that's absolutely true. business owners, small and large, are holding back. they're fearful that they're going to have higher taxes down the road on their own profits and also just on the cost of hiring a new person. they're fearful those costs will go up in the forms of taxes and regulations. so, mark, i agree with you that it's a demand problem, but taxes are at the center of this. romney is actually sending a message to business owners that ...

Edward lazear who's a conservative economist came out with a paper at the jackson hole conference last week. he pointed out the simple fact, the industry that lost hardest during the down turn have gained jobs the fastest back during the upturn. there's other research that shows in the counties where there's the most household debt going into the crisis, they've had the worst economic come backs. lack of demand, over indenlded, household sector. not some idea how we need to completely retool it. >> jared, you're on the inside. does the strugtsdial theory have purchase or do people inside that ...

And-- >> and with the clean response. rather than these platitudes, rather than the platitudes, can we refer to some facts here. >> jewel yin, hojulian, you're one-- we'll get on, finish your sentence. >> saying it hurts the middle class, it's regress seive and the worst of all kinds of taxes and if we had an about thor business environment and a favorable business environment. we can handle this potentially, we may not like it, but we can handle it. >> toby, that's the issue right now, we're in attend recovery, what does this do, does it slam on the breaks? >> let's talk about some economic f...

Government and they, fight it the wrong way with low rates too long. >>neil: inflation is not a problem. we are going to keep interest rates where they are, and by extension, here, average developments that are not what we make them out to be. >>guest: what is going up, you can tell it is not just an inflationary problem. it is a demand problem. we started to ex-spot our goods and services abroad and our dollar has been unchanged but these are up 10 percent and 12 percent so that says there is a genuine story there. we always talk about the peak oil issue and how we could run out of oil and pe...