Shane's Stock Tip Mantra: If the program was working fine, and now isn't, or just isn't working the way it should, the first things to do are:
1) Trash your FCP preferences. Download the appropriate version of FCP Rescue at [
fcprescue.andersholck.com] and run it.
2) Open the Disk Utility and Repair Permissions.
3) (optional) Sacrifice a goat on the eve of the first Full Moon of the month. Results may vary.