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Fast, in part because the fed -- ben bernanke has been pumping trillions of dollars into the economy, keeping interest rates at all-time lows, near zero. and wall street likes that -- >> jamie: i imagine -- is that the right answer, though? >> absolutely not. there are a lot of economist who is say this is the bubble we are going to be facing this bubble at some point. but for now, we are seeing wall street saying, who cares about the cuts? they are not that big of a deal? you expect the curts to be draconian and that's what the white house has told us and the republicans on defense spending, ...

To do something bold and dangerous. >> explain to me, why president obama submitted a budget, congressman paul ryan has submitted a budget and the senate has produced no budget. it stheems everyone needs to produce a budget to have something on the table to negotiate. but if the senate has no budget, it stops the whole process so it stops everything from going forward, any attempt to negotiate. can you explain to me -- step out of the political field for a second -- explain to me, what -- why would senator harry reid not want a budget on the table to at least begin the discussion? >> li think ...