because of this reform, the american people will never again be asked to foot the bill for wall street s mistakes. there will be no more taxpayer funded bailouts, period. no more taxpayer funded bailouts, not so fast. turns out the federal housing administration is running on empty with all the mortgages it s backing, one report saying it could eventually need as much as 93 billion bucks. gary k? here we go again. my friend we ll be bailing out the bailouts and that s the type of nation we ve become. everything off the taxpayers back and it s just going to continue infinitum. the fha was okay, and now we re talking 93 billion. i ve got news, 93 billion see it at 150 when all is said and done. ben stein, what do you think about this. it has to be bailed out.
care law which i hate, this is a pretty good thing, telling people what they should eat, what they shouldn t eat so they people eat such garbage, that leads to disease. you know, listen. bad stuff. and people eat garbage and read garbage, what does some panel decide what i do in my own personal life. but if it costs me money. sometimes it won t. and the health care does now, it s a law. and gary k jump in there. doesn t anybody find it a little comedic and ironic the same people who tell you salt is bad for you, we can t even drink large sodas, but let s speak weed because let s make that legal. i don t think that s in the health care law. is that in the health care law? my bigger point is government get involved in every decision we make. it s there. the daily life and it s not the way this country was they re there, what are we going to do? it s the law. we ve got the law and now you ve got
neil: to ben stein s comment about being a smooth you know what, i mean, that s a pretty good answer. but gary k, i was at the democratic convention where the president was bragging about our dependence on foreign oil, at an all time low and getting lower. something doesn t mix. i think the saudi royal family probably has box seats to all the washington redskins games this year at this point in time. look, i m a cynic, i believe bernanke 50-some odd days before the election printing money to get the markets higher, i think something s giving here. i ve never seen the saudi want oil prices lower and all of a sudden, produce more to get it lower and a couple of weeks ago, mitt romney was talking about making us energy independent completely in eight or ten years and i m hearing that, well, maybe we don t want that guy in. first of all, the saudis, often do pump more oil to
replace ben bernanke with ben bernanke. he wants someone else. and he said this throughout the primary campaign. the president has been very supportive of bernanke. and i m just wondering whether it s bernanke s way of saying, i remember what you said, governor, and remember what you ve done, mr. president. i would just say this to dagen and people who think it s political. have you seen the recent economic statistics and it s not political ands responding to the census data, the middle class incomes are lower than and less than two months, this couldn t wait. you had to do it right now. the economy is getting he had to do it right now. yes. neil: adam, he had to do it right now. the market going up is not going to help president obama with unemployed workers in ohio and it may the help the economy down the road. i agree with charlie. neil: oh, my god, it s like the upsidedown world. gary?
acknowledgment that there s a political process. let me just finish, charlie. there s a political process going on and acknowledging right, we get that. we don t have to wait long to get this, but let s wait until after the general election. and obviously, that s what they were thinking, gary, that you know the ends will justify the means, but i always discover, you never get to the end. and it s never going to get done. look, spending for whatever reason just continues to go higher and higher and higher and all of this rhetoric from both sides, even from the government side is not going to get done. somehow we got to the point where everybody believes or at least i think insane people believe that if you cut spending, it s going to hurt the economy. i m so and i m so a with all due respending. spending will not hurt the economy. this is not worth fighting over. it s an insane stupid fight if you re a house republican. neil: and you re starting to sound like a rockefe