the calls for freedom continues with the place for business. you know where it is. stay tuned, fox. ringing in the new year with more executive orders. president obama's new white house counselor wrote the book on howo use them to bypass congress and push through pro tbres sigh policies on his own. this is what he said very bluptly in 2010, the ability of president obama to accomplish important changing through these powers shold not be underestimated. now some hearsay that means taxpayers better hold on to their wallets in 2014. hi, welcome to forbes on fox. let's go in focus with steve forbes. sabrina schaefer, mark tagie and john tanmey.

will these help or hurt the economy? >> with this administration it will hurt the economy. the irs is now going after the conservative groups under rule making even though it was illegal before. epa is gng after fracking and shutting down the coal industry. you see it in the federal reserve and other federal agencies. their attitude is we will do the law like a third world country and let the world clean it up later. >> extra powers means extra cause for taxpayers. >> let's put this in perspective. every president has pursued an agenda. they pursued it through executive orders. going way, way back to ronald reagan and his firing of the air traffic controllers. why shouldn't obama use this tool in a time when congress is in a stalemate. i think you are forgetting the positive things that come out of the exetive orders. things like aid for hurricane sandy victims and review of cancer drugs. things dealing with nonuse of

or pro huh business of biological agents. >> it is true that other presidents have used the executive orders. however, this blueprint, the blueprint podesta outlined which will be implemented in 2014 goes way beyond what other presidents haveone. >> mac has a point. you can look them up. obama has not used that very often. he used prept d different orders to disrupt the economy. he changed his own law 14 times. that's pretty dubious and questionable. it has thrown one-6th of the economy in chaos. you look at the bp oil spill and the find without authority at all will. he suspended drilling in the golf, again without any authority. it puts the official words executive orders aside and it

looks at the amount of manipulation in the economy. >> gm bondholders who lost their stuff to the car czar. combine all he has done with the executive der policy and that's scary, no? >> it is about unchecked authority, right? that's what we are really talking about. it is bad for taxpayers because it makes t government less transparent. it is as transparent as a bucket of ma lass sac. the fear of executive order to bring us to military action is always a fear. and we have a government that is in love with reform no matter what. we don't need more reform. we need reform over entitlements and that is not happen. that should go through congress. when you change the rules and you do things like executive orders it breeds a cynicism. it breeds a cynicism on the part of taxpayers. if you are changing things all the time, why follow laws? >> it is not what our founders

had in mind. ere is none. our stock market is happy with divided government, is it not? >> no question. when politicians are playing around with laws and taxpayers should watch their wallets, you should also watch your stock market with fear. you have seen a major stock rally market and second run presidents get little donend the notion that somebody whosoever seeing such a failed legislation that will achieve a lot is not credible. >> this is a president who really likes to get things done. you can see what he did in the first two years and he might get frustrated and desperate and perhaps use these powers to an extent he hasn't yet. >> that's the reason we are seeing this now. in the second term we know president obama is not going to be able to get his next signature climate

change issue accomplished. we have already seen some of this leading up to this. sometimes it goes beyond dollars and cents. recently he administered one. it doesn't affect the discipline quota and it does not help students. it avoids the hard work of passing something through proper congressional channels. >> education is a big part of the agenda. you look at the educational record like the record of a lot of things. that policy doesn' seem to work. >> no, it doesn't. this is an example of government over reach. regulation is a form of taxation. there are few restrictions especially in these independent agencies they can do what they want. it is very hard to turn them back. that imposes a real cost. even though he is stymied in

congress and you saw what he did with the appellate court. the judges are under worked there. he pointed them to rig the courts and you will see that rigging elsewhere. >> i would guess that when president nixo was in power you used the term imperial presidency once or twice. a strong presidency is one thing, but an imperial presidency is something else. i don't think you want that, do you? >> i don't think we have anymore of an imperl presidency now than we did under george herbert walker bush or ronald regan. presidents issue orders. it is an ability. it is a checked power. it is something given to them by the constitution. and coming is doing nothing. we have a do nothing congress that is stalemated and can't even agree on a budget. >> congress is doing a lot. they are preventing the over reach of big government. rit? that is significant i think. >> i hear your point, and by the way the senate did enact a

budget. we were like belgium going without a budget for years. the question is and it is a good one you raise, they are extraordinary actions that are becoming ordinary. they should not be ordinary. jonathon turley the historian recently said this president is behaving worse than other presidents. yes george w bush did a lot of signing statements,ut president obama dark dark. >> worse in what way? >> enacting this pile of rules and regulations. >> we went through the list before. go ahead, sabrina. >> one of the real problems is that you don't have any means for debate when you have an executive order. especially on the issue of climate change for instance. if there is actual legislation there is conversation for the american people to take part in. with the executive order the president is setting up a task force made up of almost entirely democrats and ere the american people don't even knowt is happening and they can't even voice their opinion.

the transparency issue has gone out the window. >> i know a lot of people in e op session, a lot of the republicans say look, just sit back. he is a wounded president. high -- he is not going to get a lot done. the fact that there is this specific plan of moving things toward a progressive agenda ahead without congress, doesn't that make you a little nervous? >> it makes me nervous, but that's the point of electing to begin with. mark talks about a do nothing congress and to me tt sounds beautiful. one of the most animating features in the constitution is that we block people from getting things done. it is the job of the republicans they were eected to block. >> the fact is congress didn't used to be as obtrusive as it is now. it was only in power for a couple weeks every year. >> yeah, you know, newt gingrich and bill clinton

worked together and tipper o'neil and ronald reagan. he had not a single republican vote in the house or senate for his health care bill. what he is really shown is he is a sneaky president. he is not very transparent. >> that's not true. that's not fear. >> it is one of the least transparent presidencies than we have seen. i wish i could share john tamney's op tau -- optimism. >> we have to leave it at that. coming up, target gets hacked and the law says immediately tell you customers. but guess what the health care law says. if the obamacare website gets hacked this one will have you saying what the at 1:00 p.m.

eastern. keep it here on the fox newschannel. a lot more target customers are planning to sue the retailer over the massive credit card breech. federal law required the company to iorm shoppers that it was hacked. get this. if the obamacare website gets hacked a new report says good luck finding out because the health care law does not require the government to report it. rich says that is putting amerans' most personal information at risk. explain, rich. >> really in two ways, david. number one, look at this administration h done through the irs and through the nsa and through other agencies to spy on americans. you have that risk from the government itself and then you

have the hacker security experts like john mcafee months and months ago warned how porous obacare is. for hackers to get in and stl accounts and steel -- steal information is a real threat. >> it is not just a threat. it happened. the department of homeland scooter reported 16 times there has been cyberattacks on its information. >> i am not aware of that, david. i think what we really should be looking at is protecting people's private information as it results to business, mining our private data. >> hold on. okay, government, as well. you are ready to sign on to that? >> this is fear mongering. there has not been a problem with the obamacare site. why are we worried about this when we have genuine problems. >> that's the big question the

reason we do is not only has dhs warned it has happened, but we also have anecdotes and the minneapolis star tribune had an e-mail containing information on2,400 people who had signed up for the exchange in minute mile-per-hour. 2,400 people had information like social security numbers, personal beesnformation exchanged with somebody outside the system. that's dangerous. >> absolutely. we know for instance in vermont there was another incident the week of thanksgiving where somebody hacked into the system to show how vulnerable the state exchange s. we have a dozen attorneys generals from around the country who have written to secretary sebelius imploring her to do more to make sure the navigators, those who are supposed to be helping pele navigate the website that they go through proper background checks and we know the secretary has not done that. many of the people are good, but some have been chosen

happen hazardly and they have all sorts of access to our information. i don't think the identity theft is going to be a side effect, but a symptom of this law. >> now people under the force of law are being compelled to put information that may may not be safe in next exchanges. >> and young people are not going to do it. it will be an ection issue next year. this law is hurting the most vulnerable. the most vulnerable will go on the exchanges. they are the ones who can't protect theelves. it is an outrage. >> that's a great point. the younger people who weren't going to do it or who were reluctant are pulling back. it is the older folks who are computer savy. they are going to get hurt by this. >> it is another troubling aspect of the obamacare law. what is interesting here is the private sector is going to bail the obama administration out. in the private sector when we open a bank account or get a credit card we are buying identity theft protection.

withdraws look funny and patterns look funny and they shutdown the accounts to protect us until we can explain the charges. assuming the aca assumes a siv for private information it saves individuals from the obama administration. >> will they come charming to the offense of the privacy? >> remember the private sector said you didn't build that? now the private sector can tell the president you didn't build that correctly. we have tie an black, a republican -- diane black, a republican from tennessee saying the government should tell americans when and exactly when and how they were hacked into if they were hacked into on the health care sites. i can't believe it has come to this. we just rolled out the law and we are talking about people's personal income and household income out there. >> they were warned it would be a huge problem. if you did that in the private

sector it would be drowning in law suits. >> you know the computer industry. is there a way out of this. is there a way to build the fire walls for a system like this? >> probably not. what might save obamacare is it is so unsuccessful that the hackers n't have that many targets. they are right. the vulnerable people are the older people. you can just see the fraudulent reverse mortgage plays to sarate older people from the remaining assets they have. >> this year's countdown could jack up the jobless rate. what 13 states e about to do that is unlucky for jobs every where. first right here, disorder in the court. a list of the craziest lawsuits in 2013 will make you crazy until you hear the forbes plan to bring santee back to our -- to bring sanity back to our -- to bring sanity back to our legalsystem. [ male announcer ] here's a question for you:

the energy in one gallon of gas is also enough to keep your smartphone running for how long? 30 days? 300 days? 3,000 days? the answer is... 3,000 days. because of gasoline's high energy density, your car doesn't have to carry as much fuel compared to other energy sources. take the energy quiz. energy lives here. mm. mm-hmm. [ enne revs ] ♪

[ male announcer ] oh what fun it is to ride. get the mercedes-benz your wish list at the winter event going on now -- but hurry, the offers end december 31st. [ sant] ho, ho, ho! [ male announcer ] lease the 2014 glk350 f $419 a month at your local mercedes-benz dealer. progssive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. ratefor us and them -- now that's progressive. call or click today. because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn.

2013 was full of them, and not all were legitimate. look at the u.s. chamber of commerce's top 10 list of ridiculous suits. just a couple. number one, inmates suing beer companies for their life of crime. i'm serious. and then the man taking apple to court for his own addiction to porn. and you say these are just

more reasons why we need tort reform. >> we should have said tort reform and health reform. i love the one the grown man who sued his pares. the cbo says that tort costs costs the u.s. economy $350 billion a year. 24r* is a congressional bill that would cap awards and capillary fees fees and only allah medical malpractice lawsuits to be brought within a three-year wean dough frame x statute out of limitations. why not pass that tort reform? >> what is wrong with that idea? >> there are frivolous lawsuits. i will concede that. there is a problem with that. on the same show we are talking about the president being too powerful and we hillary move -- will remove the ability for people to go to court and seek redss for unsafe products and laws that aren't being enforced and for problems that are not being solved because what a small

drop in the bucket -- tort reform, tort reform, tort reform. >> frivolous suits. >> yes, but what is a frivolous suit to liz may not be a frivolous suit to me. >> we can talk about qualitative issues like that. let me just talk about the annual cost increase of lawsuits. 8.7% a year, that's double the rise of inflation. >> tt's right. that's why should adopt what england has and what britain has and that's the rule the loser pays. if you file a suit and lo it, you pay the other party's cost. that reduces frivolous lawsuits. if you have a real claim you go with it. every other country has that rule, david. we are the only out lier on it. >> how often do businesses settle these things out of urt because they don't want to pay the legal fees? >> it is a good point and it is easy to point to lawsuit

abuse and say we need a national solution to it. in the same way obamacare proponants say we need a solution because one person dies because of lack of health insurance. emotion writes a lot of bad legislation. we learned from obamacare that we shouldn't legislate health care. the states should compete for the best laws and let it be done there. >> something has to be done, right, rich? >> something has to be done. what we talked about the whole show is the lack of clarity that is paralyzing a lot of businesses for making the investmes that they could be and should be making. it is executive order, mischief, it is lawsuit mischief. we are leaving a point to two points of growth on the table because businesses don't know what is coming next. >> the other thing we didn't mention is most policians are lawyers lawyers and they are protecting their own. that has to be it for this segment. she picked it in early 2013.

and then it soared more than 50%. get that name and then get emac's new name. this is the quicksilver cash back card from capital one. it's not the "fumbling around with rotating categories" card. it's not the etting blindsided by limits" card. it's the no-game-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every single day. so let me ask you. at's in your wallet? ♪

[ male nouncer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy.

for 2014. last year you recommended a stock, core labs, that was up big time th time last year. >> yes, i still like s&p aerospace and defense up

nearly 60% for the year. >> you are going wit blackberry? >> they are out sourcing their manufacturg and it bodes well for the next year. >> that's it for forbes on have a wonderful new year. get ready to ring in 2014, but as the ball drops for new year's taxpayers could be dropping serious cash to bail out obamacare. let's just say the prognosis is in and it will cost you big. plus minimum wage and maximum controversey. protesters are demanding more green and now more than a dozen states are hiking the minimum wailing on new year's day, but don't celebrate just yet. that party comes with a nasty hangover. our viewers cash in from facebook and twitter. you pick the hottest stories. we will debate them right here. we are cashing in. making you a part of our show. it starts should you. >> hi, welcome to "