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tv   Forbes on FOX  FOX Business  June 14, 2015 7:00am-7:31am EDT

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automated cars it broke out this week. >> adam. >> hack a basket of cyber security stocks up 20% since january when i mentioned it. >> wow. >> ben. >> sl always. >> look at the time here and time for -- hundreds of u.s. military trainers and more military equipment going over to iraq to also help isis but the general that once headed the president's -- saying that strategy is failing. here's what he told neil. >> do you think isis is winning? >> yes, i think isis is achieving the objective that is they have set out to achieve. i think that they feel probably very emboldened. this trickle effect of sort of strategic drips, if you will just doesn't appear to be working. >> and that trickle, by the way, adds up. we've already spent more than $25 billion training tens of thousands of iraqi troops since 2003 and much of that equipment
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has ended up in the hands of isis where we've had to blow it up. does doing more of the same make any sense? welcome to "forbes on fox." let's go in focus with steve forbes rich carlguard, elizabeth mcdonald, mike, bruce jasmine, and john. steve, does it make any sense? >> absolutely not. this is just more of a strategy that's not working. isis is indeed winning. we don't have spotter on the ground. we're not arming sufficiently the curves. we're not doing more in terms of military helicopters and the attacks the iraqis do occasionally make against isis. you put it all together and the impression over there is we're not serious. this is a disaster. you either do it or you don't. >> bruce, just since august of last year just since august it's less than a full year we have spent $2.7 billion training iraqis many of whom turn tail and run when they go against isis. >> well if this whole thing, i don't really want to be over
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there at all. this is a neverending quagmire. if are you talking about send aing few hundred more advisors to train and assist the iraqis so they can figure it out on their own, that's better than the 15,000 troops that president santorum is talking about. >> the fact is we're sending over all kinds of equipment. they have 8,500 humvees over there. 146 m1 abrams tanks. 543 armored personnel carriers. a lot of which end up in the hands of isis. then we have to go in and send our jets over to bomb them. >> when you have a half-hearted effort i think is he trying to run out the clock and hand it
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over to president clinton or president santorum. >> john the worst thing that really kicks any the gut is when you see isis guys running around in these -- our trucks that we spent a lot of our national treasure on god knows what kind of battles our own marines and soldiers were in when they were fighting isis themselves and you see the isis bums going around. that really hurts. >> we flatter a nonenemy when we take them seriously. the order about vanquishing isis the replacement will be full of thomas jefferson peaceful types. let's be serious and move on. >> we're not looking for thomas jefferson. we also cannot afford to have another nation ruled by terrorists. we saw what happened leading up-to-date 3 with the taliban and al qaeda taking over afghanistan.
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they planned and succeeded in hitting us. >> you can't leave to let them fight it out among themselves. also watch the reports coming out of india and places like australia, they are very concerned that isis wants to get his hands on a weapon of mass destruction. they want to weaponize. they haven't just been stealing money and cash from banks. they have been stealing material for wmd. research centers and hospitals. that's something we really need to be concerned about. >> we do have experience. right after 9/11 in 2003 we went in with a few hundred special forces guys into afghanistan on the ground targeting these terrorists on the ground so that our planes could hit the now what's happening since we don't have the special forces guys in 73% of all the bombing raids that go into hit isis come back without having -- without having dropped their weapons.
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we don't have spotters on the ground. >> i agree with rick. i think president obama is completely indifferent to what's going on there, and my biggest concern about that is you talk about the prime minister of israel. he had to take the lead and put the kabosh on that deal and giving iran a pass for the bomb. right? the president also affects immigration policy. he is letting a lot of people come into this country. we don't know who they are. we don't know where they're coming from. this indifference in the middle east poses a great danger to the united states and also to israel. >> steve, we got another year and a half or so with president obama's commander in chief. he is still the commander in chief. the chain of command is very important in the united states. weave got -- is there any influence, though that congress could have on changing the strategy? >> well yes. you saw signs of it in the iran nuclear deal. and in terms of the courage and in terms of doing more air
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strikes and in terms of spotters congress has got to put up the pressure. most importantly, republican presidential candidates have to make this an issue and say the president is making the world more unsafe. this is not a responsible thing to do. >> bruce, aren't you a little bothered by the fact that president says he doesn't have a strategy even though clearly he is initiating something, but while claiming to the woshld that he doesn't have anything? >> well i think that the strategy is and i think that they've articulated it is to advise and assist the iraqis. this is a quagmire of quagmires, and i'm borrowing a line from howard stern, and i don't want to be like jay leno and not give credit to howard stern line. i would say that this -- it's neverending. it's not going to he wanted even if we send 15,000 troops over there. we should send the troops help them out, and move on.
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>> there is strategy playing out? one of the things that is happening is we are giving weapons not to the kurds who do want to fight isis, and they have the power and the strength to fight ice irks but we're giving into the iraqi government which many people say is controlled by the iranians for god sakes, so where don't we just give our weapons directly -- >> the kurds would be an alternative to what we're doing right now. right now we're in the no man's land, and i think the lesson of vietnam was that you had to either go all in or get out and any time are you in the middle and you are not sure about what your strategy is going to be you are going to waste lives and money, and this is just a tragedy in the making. to john's point, my god i love my brother john here but, look the continent of blis iing missiles biological weapons, it makes it by definition international and global. it's not local.
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>> well look there's nothing consistent about small government and having a global military presence meant to fight the battles of other countries. that's the first thing. the second thing, we talk all the time about the incompetent of government domestically. somehow we think that we could go overseas and have government be wildly competent in fixing the world's problems. it's not consistent with what we believe. let's shrink our global footprint. >> steve, i'm wondering if john isn't just used to the past six or seven years where we haven't had much success. there have been times before -- john there have been times, and i'll put this to seed when we have had great success in fighting the bad guys. >> yes. starting with world war ii. we stopped north korea from taking over south korea, and we had won in vietnam in 1972 when we cut off aid there, and in 2009 bruce, we have won in iraq, and then obama threw it away by withdrawing our troops against the advice of all his advisors. >> i'm sorry. quickly, these guys isis has taken a lot of cash a lot of
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money. they could be buying wmd's. >> we need to offer the radicals an alternative to radical islam, and we haven't been doing that. >> all right, gentlemen. lady. thank you very much. the big problem with big cities like baltimore is free trade? a new union adds saying exactly that but some are saying big labor is the problem. we debate that coming next. >> the person that you are looking at right now considers the pursuit of healthier. it begins from the second we're born.
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. eastern. now back to forbes on fox. >> baltimore was a city that was a manufacturers mecca. the person that you are looking at right now considers himself a refugee of our failed trade policy.
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>> it does make demands that you'll have to improve what you do. you'll have to be adaptive and flex inl to the chankdz in the global economy. >>. >> you know listen i believe in free trade, but the union says this is a wake up call but i do believe that the trade bill will create jobs in the long-term, but there will be pain in the short-term. >> john does the union ad make any sense at all to you? >> yeah. the union ad makes the argument for free trade. baltimore became a rich city precisely because it was globally engaged with the world in terms of commerce. an economy is just a collection of individuals, and free trade
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just presumes that you have the most talented individuals on earth vying to serve your needs, and because they're serving your needs, you are most likely to get to do what are you best at. as rich said in the engine of global prosperity that's not what we see in baltimore. >> absolutely not. it's crushing taxes, crummy schools, regulations that drive out businesses hostile atmosphere incompetent government. you know new york was going in that direction 20 years ago. we turned it around in new york. cut taxes. got better policing. the city prospered. baltimore's fate is in its own hand, and blaming foreigners for it just shows how bankrupt their political system is. >> it's baltimore's fault that the tacks have gone up and people are paying more and that's forcing some businesses to move out. also crime and drugs is playing
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a role in the whole thing too. >> i think whaelgts under reported david, is baltimore has had for many years a very serious heroin epidemic. in fact it may be the highest per capita use of heroin in the country. it's tough to get any economy going under those circumstances. i love free trade. however, the fast track bill that's currently being worked on is not about free trade. it's about giveaways to big corporations and giving the president more power on immigration. i'm against both of those things. >> well sabrina, that might be true. it's being loaded up with a lot of stuff. the bottom line is the union claim that free trade is at the source of all of our problems rings a little hollow to me no? >> it does. i sympathize with what he was saying. the fact is with trade there's two sides to the ledger. we can't only look at the side that talks about jobs. in a functioning economy we need to have access to affordable goods, and that's something that free trade provides, and it makes life for americans much easier. we forget that you know we get
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produce and flowers and all sorts of things from around the globe that we couldn't even get at different times of the year here if we didn't have this free trade. it's very important to look at both sides of the ledger. >> rich i know that union membership is going down tremendously over the past 30 years. it's down a lot. however, it does that argument that we heard at the beginning of the segment does have a little residents with the body politics doesn't it? >> yeah. all have you to do is look at -- they're asked a question. why is seattle, san francisco, silicon valley houston, dallas new york city boston why are these places booming? they're booming precisely because they have adapted themselves to an era of globalism. >> it is true. you think of someplace like pittsburgh for example. old style economy based on steel and other stuff which was going down but open itself up with tax incentives and is now a thriving city. >> we saw it in the down turn.
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boy, when the tide goes out, you see it negative. the problem was that the bluechip companies were chased out of town by high taxes and high regulation. that could lead to a collapse in job growth in the areas like phoenix or in los angeles. you know this is a big wakeup call. i would say it's going to be a tougher argument when you have the wages at 56 cents per hour in places like vietnam or, you know malaysia. >> john the fact is if you don't adapt to the new world, you are going to go down. right? whether you are a politician raising taxes or a union using all the tactics that don't work. >> that's the beauty of free trade. >> they import what others do well, and that allows them to focus on what they do best. that's how you're most productive without free trade. >> steve, you know they say that the fool's gold of politics
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is for stopping free trade. it sounds good. you have a lot of people voting for you. you say you're for jobs and against free trade. eventually it comes back to bite you. >> not only eventually. we learned from the great depression and have a world war ii prosperity. the way you get ahead is trading and investing. doing what's best. allowing people to do what they know how best to do. we all benefit from it. we should have learned that 200 years ago. >> last word. what do you got? >> hey, david. a police officer was dying because of this controversial video. are criminals going to be emboldened now, and will that put our lives and our economy at risk? plus colleges are too pc. just ask comedian jerry seinfeld and why liberal professors might be to blame. see you at 11:30. >> go jerry. >> okay eric. we will be watching. up here first, house lawmakers passing a bill trying to cut internet access but are forbes foerlgs saying this doesn't go
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nearly far enough? they'll explain coming up.
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with xfinity from comcast you can manage your account anytime, anywhere on any device. just sign into my account to pay bills manage service appointments and find answers to your questions. you can even check your connection status on your phone. now it's easier than ever to manage your account. get started at xfinity.com/myaccount zoolt house pushed back on tuesday that would ban -- like an intbt access tax. sabrina says -- he thinks the internet should be a tax-free zone forever. sabrina, make the case. >> that law is important, but, you are right, we definitely
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need a tax-free zone. one of the problems with that government does this because they know that we all depend on the internet. we all are wedded to our phones and our computers. that's how daily life happens. >> free internet sounds good to me. how about you? >> i don't think the station addressed
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addressed. >> the answer is to lighten the load of the people that run real sources and ship real things around. not to tax the internet. >> here's the problem. $305 billion is sitting there. that's the amount of money we spent on on-line sales. the politicians want a piece of this. >> yeah. tax-happy ritz carlton democrats that wreck their local economy with overtaxation. mitts off to you. do not touch the internet. keep it tax-free zone. >> this is a honey pot. this $305 billion. politicians want a piece of that action. >> yes, they're like bears. if there's honey, they're going to put their paws in it. this is a good first step in the right direction, but sabrina is right. we have to go further because this is an anti-internet atmosphere you have in washington today. regulate it like dial-up telephones and having foreigners run the internet like china and russia. no thank you. >> sabrina, we only have five seconds. anybody inside the beltway with
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a backbone to stand up for a tax-free zone here? >> well meantime i think a lot of the conservative think tanks, we certainly are saying this is the direction we should be moving in. i hope groups like ours. >> let's hope it happens. coming up worries growing that rate hikes are coming. that could send stocks falling. not here. get the stocks that go up when rates go up next. ♪ ♪ ♪ (charge music) you wouldn't hire an organist without hearing them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck. hey america, still not sure whether to stay or go to your people? ♪ well this summer, stay with choice hotels twice and get a $50 gift card you can use for just about anything. go you always have a choice. book now at choicehotels.com the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables
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is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.
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>> we are back with the stocks. when rates rise you get a fund. >> bluechip dividends from van garde. i like it. >> do you like it mike? >> be careful. stocks could get spanked if interest rates spike. >> all right. what do you like? >> this fund david, will do well because it's against bonds, and if interest rates spike, bond prices will collapse. >> a bet against bonds.
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>> just watch out for that. we don't know what direction that's going to take. >> that's it for "forbes on fox." have a wonderful weekend. keep it here. is there a new war on cops in america? this cop just resigned after a firestorm of finger-pointing. but others worry when you add it to this this and this we have to ask, if cops are worried about doing their jobs what happens next? i'm eric bolling. welcome to "cashin' in." our crew this week wayne rogers michelle fields. joining us our favorite liberal and libertarian. what does it say to cops and bad guys in the country when a cop like that has to resign? >> the video is very

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