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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...

And the person that signed the document couldn't take enough time to even make sure that the foreclosure -- that we refused to let them go unanswered. >> it fits into while we're in texas. the mortgage deal that was announced by the obama administration sadly nothing more than a plolitical solution to a massive mathematical problem that we all face in our housing market. $25 billion, less than one tenth of 1% of an uninvestigated $13 trillion housing mess in which the banks took their assets and transferred them to our government. and have not been investigated for it at the federal reserve. t...

Irresponsible, and stupid. and the fact of the matter is, until we actually -- and i'm sorry to lose my temper, but i tell you what, i've been coming on tv for three years doing this. and the fact of the matter is there's a refusal on both the democratic and the republican side of the aisle to acknowledge the mathematical problem, which is that the united states of america is being extracted. >> dylan ratigan on august the 9th. >> ouch. >> one of many -- the man has been on a mission. don't make excuses, don't apologize for it. >> it was a lack of sleep. >> one of the most viewed items in yout...

Have been constructive cuts. the biden talks i thought were probably the most productive exercise of all these exercises that have been going on around here. >> why did eric cantor walk out? >> well, that's a longer story. because of the insistence of tax increases. i still believe those talks were producing some results on spending cuts. with respect to the gang of six, there's a lot of confusion about this. it's a few pages of talking points, embracing what we call three different revenue baselines. i have a hard time seeing how you say instead of increasing taxes by $3.8 trillion, we will i...

In the background, he contemplates what some think is the worst, most fruitless job in washington, taming the trillion-dollar national debt. >> this is going to be a fun job. >> reporter: not as much fun when he ran domestic policy for president clinton in the federal surpluses. now he reports to the cochairs, simpson and democrat bolls. >> this is a practical, mathematical problem. not an ideological one. >> that means you need to look at it without ideological blinkers. >> reporter: does it mean considering a new tax, like the value-added tax or v.a.t., variation of the national sales tax? >...