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Fundamental change that ryan is gallon. now it's not so funny. proposing. and so they're saying, you know john hofmeister knows the oil what, yeah, we're worried about business inside out. seniors and they're going into i'll ask him in prices will go this eyes wide open, but they're higher and what he would do about it, when we come back. also saysing, you know, some of those younger voters understand there has to be a different way to deal with medicare, at least that's their bet. >> you know, gloria, i understand intellectually why they're saying that. every time you talk about the young vot...

Surprisingly low in the approval internationally as american companies have to compete ratings. today gallup, three-day running against asian and european countries, having the same rules and regulation is important to average, 46% approval, low est n us, otherwise they transplant overseas which is something the six months. >> eliot, your proposal, democrats and republicans don't essentially tax reform, want. >> look, there's no question we something the deficit commission need to maintain a competitive has talked about. advantage or at least maintain it's clearly a way out of this. i think, y...

The northern suburbs. will continue for the next few hours. remember, we still have more tornado warnings in alabama and mississippi, and those tornado warnings may go for the next few hours. we'll watch it all night long here. now back to "in the arena." gas prices are skyrocketing past $4 a gallon in many places, way back in december before egypt, before libya, my next guest predicted we'd all soon be paying ining 5 bucks a gallon. folks were skeptical. not anymore. what can be done? john hofmeister joins us from washington, d.c. welcome. >> good evening. >> john, yesterday president obama...

Health care plan reforms cut medicare by $700 billion. >> i proposed reforms that will save medicare money by getting rid of wasteful spending in the health care system. >> paul ryan at his alma mater, miami university in ohio, hit back at the president, inviting a challenge on the issue. >> the president, i'm told, is talking about medicare today. we want this debate. we need this debate. and we will win this debate. >> according to the congressional budget office, obama's health care reforms and ryan's medicare plan, slow growth by $700 million. but neither plan cuts program benefits, both r...