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He built pipelines to europe knowing then europe would be dependent on russia's natural gas. he also gained big windfall provwind,windfall profits. i don't think he anticipated he would find son somebody as weak as the obama-kerry team. nobody has talked about what happened during the olympics when putin went back to moscow. an egyptian general went to russia where they signed an arms deal. in one fell swoop egypt has chosen russia over the united states. it's stunning. martha: it's remarkable when you

For that price to go even higher. by a mile. >> as you remember, the president last week had that energy speech on thursday where he basically said there wasn't much that he could do as president but remember when he was a candidate, he did center some ideas. here's the then candidate obama. >> the gas lines of the 70's, democrats and republicans have talked about energy incentives but nothing's changed. except now exxon is making $40 billion a year and we're paying $3.50 for gas. i'm barack obama. i don't take money from oil companies or washington lobbyists and i won't let them block change ...

We're seeing right now, $120 or something in europe, that won't hit the pump for a good 30 or 45 days so we're going to see gas prices rising for a long time. >> i think so. it looks like $4 as the national average is definitely on the horizon. it's already arrived in california. the average for all gas stations in california, regular unleaded is now $4.03 a gallon. here we come. we're heading to $4. >> sure, so we're heading to $4. let's give folks at home a little historical perspective. when barack obama was president of the united states for the first day, the gas at the pump there in wash...

In some sort of price manipulation and he said he would do this to oil companies. >> i'll make oil companies like exxon pay a tax on their windfall profits and we'll use the money to help families pay for the skyrocketing energy costs and other bills. >> ok. that's when he was a senator! now he's the president. he could probably do all that other stuff he was talking about -- about back then. nothing. >> can i point something out? for every penny per gallon on the pump, a billion dollars comes out of americans' ability to spend so a $1.83 when they started. $3 $3.52 now. that's $170 billion of...

Renting. if poor people can't afford housing services they need then that's an income transfer payment. we should give them cash. when we tried to get into this complicated housing market and fiddle and adjust and prop up and mitigate, we simply make a lot of windfall profits for automatic kinds of housing than rates. >> ron paul beaming momentarily into the body. >> a lot of what you are describing is something that actually economists are suggesting like making it's easier for banks to turn homes that they -- foreclosing on. i was going to say occupy. that's another -- turning those into ren...