uncertainty is a big problem. >> talk about how wall street is connected to italy, connected to greece, connected to the eu. >> well, wall street probably doesn't -- american wall street probably doesn't own that many bonds from the countries in europe that we're worried about defaulting. but they do business there and all of our economies are tied together. we live in a global world. so if europe, for example, shrinks their economy, then the united states has a smaller market to sell to and the same thing for asia. you would expect asian markets and companies feel in trouble when europe's in trouble. >> interdependent. let's look at both, i agree. but in terms of the bush-era tax cuts, not just for the wealthy, why would you propose that if i'm correct? and also, what was the impact of those cuts on the economy? >> two reasons. number one that i think it's fair. i don't like class warfare. everybody pays taxes, we have a