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tv   Forbes on FOX  FOX Business  October 12, 2014 3:00am-3:31am EDT

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appreciate it. catch me on the fox business network, "making money with charles payne" 6:00 p.m. monday through friday. for now, dave asman on a place for business, fox. isis, ebola, obamacare, the va, some of the things members of the president's own party say have been mismanaged. >> i think the last two years have been a lot of mixed messages in terms of what the united states' role will be. >> do you think the obama administration has done a good job handling the ebola crisis? >> um -- we blew it when it came to the rollout of the healthcare.gov. >> mr. president, we need urgency, roll up your sleeves and get into these hospitals. >> those are all democrats, folks. not republicans. so is it time for our commander in chief to take a lesson in management from our chief executives? hi, everybody.
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i'm david asman. welcome to "forbes on fox." in focus to find out with steve forbes, rich carlton, elizabeth macdonald along with rick unger and mike oh o'zanian. do you plain the manager? >> i don't think he was cut out to be a manager. president obama is many thing. he's a law school professor. he's a writer. he tends to be cool, aloof, he's a loner, an introvert. good qualities in a writer or law school professor, terrible qualities in a leader or manager, particularly if you're the ceo of the united states and leader of the free world. a lot of us spotted this tendency very early in this presidency and first campaign, but i think since the rollout of obamacare and particularly accelerating this year with the botched reaction to isis and ebola, you know, everybody's aware that for whatever his virtues are, he's a terrible manager. >> and, rick, not just an academic point. there are bureaucracies spinning
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out of control, to use the president's phrase, and some of the actions or the results of this are people dying, like with the va hospitals, like with ebola. >> this is a tough one for me, david. it's not a good year for our president. i have been a frequent critic of the va, so i can't disagree there. i do think that we're coming down a little too hard on him on the ebola thing. a little too soon. we've had one unfortunate death that we got a long way to go until you can say it's been mismanaged, and i would point out every year we lose 12,000 to 15,000 people from the flu. focus more on that. all in all, i hate to say it and don't give the president high marks. >> when you look at chief executives in the business community and see good ones. the ones who've done an incredible job turning companies around. jack welch, used to be the head of ge. what he said about what a really good manager has. people with integrity take
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responsibility for past actions, admit mistakes and fix them. has president obama fit any of those descriptions? >> i agree with rich. it's not in his dna. but i disagree with the comparison to a ceo. i think a president is not a ceo. he's a leader. and to about great leader, you have to be able to, number one, be honest. which president obama has not. number two, you have to be a uniter. president obama did not, he's a divider. he pits people of different classes against each ear and you need a clear path for prosperity and defense which clearly he has not had. >> steve, i think the analogy fits. there are times when the commander in chief has to be a good manager and jack welch, you know, you've talked to thousands of managers in your career. one of their attributes of a good manager, going down a wrong path, you change it. you admit that you've made a mistake and you change it. we have a president who won't admit he's made any mistakes. >> a rigid ideologue that not
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learned from reality pip a manager, common sense. you learn, experience is a teacher. this man refuses to learn from it. i don't want a supermanager in terms of shuffling paper. i want somebody with good judgment, puts this country in the right direction and the american people will take it from there. this president's incapable of doing that. he's wrecked the agencies, abused regulatory agencies, undermyroned the constitution. and what he's done on the financial side with the federal reserve, with what dodd-frank has done to lending to small and new businesses everywhere you look, this guy's been a failure. >> reminds you are jimmy carter? doesn't it? when jimmy carter, because of his inactions or bad actions overseas or at home, things were spinning out of control. >> events happen. the thing, we know the president has said he will use his pen and phone but tends to use it to beat up on oil executives or the banks or intervene in health care's why not use the pen and phone instead of being reactive,
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be preenttive. hurting cats after the fact and outsource and leaves fine print to others. strikes me about ebola, we have hospital workers letting patients go. why do we think airport security workers will also not let them go? >> rich, he leaves things to other people, because he believes in the power of the government to solve problems that they can't solve. is that going too far? >> well, i think that's right, but they're layered on to that, the swiny passivity, we're reminded of jimmy carter. look, if president obama wants a progressive big government role model he should look to fdr. i disagree with fdr's economic potions. thought he was a great military leader in world war ii. the last thing he was, whiney, an uplifted chin. projected an aura of confidence and action, you know, that this president does not. >> rick is there anything that this president has spoken on or
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done that inspires confidence in you? >> well, there's quite a bit. going back -- >> like what? >> original years, you know, i'm a fan of the health care reform movement. just for starters. look at some of the numbers in terms of employment. 10 million more now than when he came in. i can give you a list of things he did well. let me say this, the one thing that concerns me, the tendency to go over the top. you asked the question, should government be messing with these things? who else is going to handle an ebola outbreak? who else will handle isis? these are government functions. you can criticize if you feel that they're not being done well and i probably share some of that criticism with you, but they are, in fact -- government -- >> can government do what he says it can do? just take ebola for xempscamp. for example. he said we won't bring cases in, which is in fact what's happened. luckily one confirmed case so far.
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who knows how many more? the government -- he over-promises what the government can deliver. >> here are the big problem i have, and why i don't think the comparison to jimmy carter is direct, and accurate. carter at least believed in what he was trying to do. as big a debacle as he was. president obama, when he ordered those troops home from afghanistan, against what general petraeus wanted, robert gates said that obama didn't even believe in his own policy in afghanistan. he was doing it purely for the vote nap is a catastrophic type of leadership and that's where this president has failed this country. >> and, steve, again, if a ceo did that sort of thing, actually does engage in dishonesty in the way that mike just spelled it out, that's a disaster. that mean as company's not going to survive with him in the leadership role. right? >> and he has undermined the security of the united states. if he'd left troops in iraq which he should have done, isis never would have risen in the first place. it was purp election politics
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that he made that premature withdrawal, and the thing about carter for all of his faults, carter learned. at the end of his presidency he began to increase defense spending, do things against the soviet union, and the he put in deregulation of transportation, which saved the railroad industry. so the man could learn from experience. this president refuses, adamantly refuses to learn from experience. that's why we have this sdamp rouse thing in the world today where people feel things are spinning out of control. >> unlike the private sector and the public sector you have a term and unless he's impeached, i don't think that's going to happen, he's going to serve another two years, in the private sector, of course, you'd have a rebellion among the board of directors and he'd been out of there, right. >> and shareholders, too. up for the voters. right? the problem with the president right now and the administration is whenever they're challenged or something goes wrong they blame budget cutbacks. blame sequestration. that's not the case. actually the money is there for these ish tos to do the right
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thing. the other thing, too, is the president consistency is stress testing the patience and security of the united states with some of the policies, decisions he's been making. >> rich, final word from you. what happens if, in fact, there is a change in the leadership of the senate? the president will have two houses against him. does that mean we just won't get anything done which i remember john tammany said that might not be such a bad thing? >> on the economic front, john tammany has an argument going for him. look at the chaos in the world, we cannot have, afford to have a president who's kind of gone into this passive hole surrounded by his b team from chicago. it's going to be a disaster for the world. >> all right. that's got to be the last word. coming up next, it's what we all want. a smartphone so smart that crooks can't crack it. well, it's here. so why does law enforcement hate it?
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go ahead and put your bag right here. have a nice flight! traveling can feel like one big mystery. you're never quite sure what is coming your way. but when you've got an entire company who knows that the most on-time flights are nothing if we can't get your things there too. it's no wonder more people choose delta than any other airline.
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now back to "forbes on fox." attorney general eric holder and fbi director james colby up in arms over apple's new iphone saying the security system is so secure that law enforcement will not be able to break into it in order to catch criminals, but don't our rights to privacy trump the government's desire to snoop? john tammany what do you think? >> absolutely they do. our pursuit of happiness implies a right to privacy and i think if apple were to do this they would certainly lose their cool factor, if so. there's also an economic story behind this. the great investor ken fisher pounts out that technology will always be faster than politicians will be. an exciting economic development that we can possibly enirinvade
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around the fed. apple gives in, sends a chilling message that will not help the economy. >> rick, i mean, i'm inclined to agree with john, but just to give law enforcement their due, chicago's chief of detectives says the following about what will happen. apple will become the phone of choice for the pedophile. he says, because of the fact all the bad guys, pedophiles and the rest will be able to secure all of their information about their illegal doings. >> very disturbing. this is a tough one, and i think that the fbi might want to have a chat with the nsa, because it was their behavior that led to companies like apple taking a step like this. i see law enforcement's point of view. i do. i also worry about people in trouble who could be tracked down otherwise, now won't be able to be tracked down, but this has to be solved through an understanding of when legal to monitor innocent people's phones and when it isn't. >> steve, more than just the nsa. it's the people who have been hacked into. who had their naked pictures
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stolen. an outcry for security among consumers. doesn't the first amendment provide us with that right to security? >> it does david. in this case, i guarantee you, hackers in china and russia probably have already broken into the system, and there ought to be a golden key, i hate to say it. there are times you need with a search warrant to get information about potential terrorist or criminal acts. >> golden key, that's a back door to the software that would allow law enforcement to get into these devices. steve, do you think that's a good idea? >> it's going to happen, david. all you need is one terrorist act. i guarantee, it's going to be forced by law. they ought to figure it out in advance. where you have proper search warrants. you cannot go in without a proper search warrant. no phishing expeditions. the bad guys will get into it and law enfor the purposement will say, when a terrorist act occurs we couldn't track the bad guys. >> some of the people in government are bad guys,
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frankly. we were just talking about the dysfunctionality of government. i'm not sure i want them to have a back door into my secure phone. >> the joke, find the i.r.a. e-mail look in the apple icloud. just kidding. >> a little truth to that. go ahead. >> that is my point. you can get at this information in the cloud, you can get a warrant for the information in the cloud. i think what's going to happen is there will be a back door built into apple and all of the secure systems. look, face it, the telecom, allowing wiretapping with regular rotary phones. think won't stand. >> rich, i don't like it, that government officials are now blaming the private sector for doing something that consumer, want. in fact, the fbi director said, amend i'm quoting, apple's market is trying to market something xres lyexpressly to a people to place themselves beyond the law." he's taking aim directly at apple. >> yeah. i just bought an apple iphone 6 last week, and i don't like being the implicit accusation of
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being a criminal, or having dark motives for buying it, but, look, i think in a real world, rick and steve are right. you know, civil liberties is a great value. i don't think it can be as absolute as john wants it to be. in world war i and world war ii, we, you know, gave up some civil liberties to try to win a war. did we overdo it in cases, like in turning japanese-americans in world war ii, yes. but, look, this is a dangerous world out there. i have sympathy for the fbi and nsa. >> yeah, well, frankly i think it was wrong to intern japanese but i want to get back to the constitution, john tamny. we have a second amendment allowing us to keep guns. can we use them to commit murder? yes. but do we have the right to protect ourselves? absolutely. it's the same with privacy. don't you? >> i think so. i want to ask the question. how much are you willing to give up in terms of privacy to feel
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secure from government? my argument here is that the only insecurity out there is that which is created by government. that's what creates paralysis, not us living freely. >> got to leave that as the last word. thank you, gang. what is a bigger threat to world peace? america or isis? >> that's coming up. >> to world peace, america. >> aye-yi-yi. that guy's a harvard student by the way and not the only one saying it. the "cashin' in" crew getting ready to school those ivy league kids. first, say it ain't so. more schools saying, sayonara to swing sets. how tort lair tort lawyers are harder for our kids just to be kids. that's next.
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swicking on a swing. one of every kid's fave ript thing to do in a playground. not for long. some schools in washington state are scrapping swings over worries about safety and costly lawsuits. steve, another example of was p wuss phiing our kids. >> and beast phiing america. one of the way kids burn off energy, recess, sports, swings and things like that. while the lawyers are fattening
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up their kids they're fattening up their wallets at the same time. the english rule in terms of crazy lawsuits. the loser pays the fees. that would stop a lot of this nonsense. >> again, rick, you can't make the world perfectly safe. that's what these lawyers are trying to do. >> not sure that's what lawyers are trying to do as opposed to making money. >> a good point. >> but, you know, look, it's silly. who says -- how can a kid not be allowed to swing? i will say this, though, about tort lawyers. i sometimes think we overdo it. everybody hates them until you need one. the solution to these things can be found in other ways. for instance, all you got to do at the beginning of the school year is ask parents to sign an assumption of risk, if they're that nervous about it, problem goes away. >> sabrina, the swings are going away in washington. >> mistake. >> yeah. this is the end result of our culture of alarmism, which is now sort of put alarms on everything we do. especially for parents with kids. look, right now the nanny state is dictating what our kids are going to eat, whether they can
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play on the swings or on the monkey bars, even bring chapstick to school. it's absolute nonsense. we're going to have a bunch of kids scared to take risks, scared to fall down and get hurt. a bad result for america. >> mike, they actually start the nanny state with kids and go up until the time we die i. agree 100% and have to tell you, i have a 7-year-old daughter and last year when she was in first grade, david, there was a parent who complained about bullying, an official bullying complaint, because allegedly someone had taken a ribbon out of her daughter's hair at the playground. >> now this -- >> heavens forbid. >> may sound funny, but these schooling now have to have a bullying expert. >> unbelievable. >> instead of focusing on teach are our children and allowing them to play in the right sort of setting, they got this kind of stuff. >> john, probably 90% of the stuff that i did and i was not unusual in the playground or out of the schoolroom is probably going to be illegal soon. >> yeah. i think it's a combination of
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trial lawyers and the modern helicopter parent. it's unfortunate. bill gates says success is a lousy teacher. people need to fall down on occasion. helps them evolve positively anch anchts. >> i agree. the richest man in the world says he should only work three day as week. informers say, get these stocks and you may never have to work a single day again. stay tuned.sk and we are bac
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stocks that work for you so you don't have to work anymore. mike, a farm equipment stock. >> make parts for farm equipment. i like titan. going through a rough patch but purn around soon. >> you like titan? >> buy it when it turns around. >> another farning stock for us? >> this company makes irrigation systems that conserve water, conserves water, and also increases crop production. great for california now in a drought. >> mike, lindsay corp., like it?
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>> follow insiders on this. buying the stock. buy it. >> ooh, both like it. good stuff. that's it from "forbes on fox." have a wonderful weekend. thanks for watching. keep it right here. the number one business block continues with eric bolling in "cashin' in." isis -- ebola -- and americans focus on these big stories as a bigger danger as we approach the mid-term election. it's the economy. the obama administration seems to be in denial saying it's better than you think. we report the facts. you decide. plus -- >> what is a greater war than threat to peace, isis or america? >> america. >> america. >> america imperialism. >> oh, boy. america's so-called best minds at harvard showing ignorance. america the bigger threat than the isis. tell that to the families of the beheaded. plus, re

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