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We've seen it brchefore. i think the american people recognize that. >> thank you very much for joining us. let's turn to alan fine and strategist steve schmidt. both are financial analysts. let's talk about this budget so the audience knows what we're describing. last week it was criticized in the house. it proposes deep cuts for the wealthy and making changes to programs that mainly serve middle class americans. ryan's budget cuts include $2.4 trillion from medicaid and other health programs, $463 billion from mandatory programs, including pell grants and other social services, $291 billion ...

Enron was the seventh largest corporation in the country when it collapsed. wiping out $63 billion in shareholder value. putting 27,000 people out of work. its glass tower and crooked "e" leaving an indelible mark on houston, enron's hometown and site of the trial. >> not only was the collapse a personal disaster for the individual people who worked there who lost everything, it was also a huge political disaster for the george w. bush administration. enron's founder and ceo was one of george w. bush's biggest political donors. enron, itself, was for a time george w. bush's top career donor. w...

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>> shepard: just after 10 a.m. here thursday. the nikkei which is the broadest index here in japan, sim to the s&p 500 in the united states dropped after the open. i was down more than 4% to below 9,000, which is a psychological barrier here. -- here's the bigger thing. if you want to buy yen for one dollar you can get 80, 82, if it gets below 80 the products scrap these are exporting gets a lot more expensive. today it dropped again. the bank of japan inserted 63 billion u.s. dollars into it. that means 400 billion u.s. dollars inserted into the markets since monday. whether that is sustainab...