but it's for my grand daughter. she'll be fine. >> that kid is set forever, huh? >> forever. >> ben's granddaughter. and a portfolio on top of it? >> i tell my kids your mom andn. you get nothing. the world power list is out. for the first time ever a sitting u.s. president has not made it in the top two of the forbes most powerful person in the world list. russian president vladimir putin grabbing the top spot followed by angela merkel. president obama was third. is the world a riskier place for security and the economy? welcome to "forbes on fox." let's go in focus with elizabeth macdonald, mike ozania and kerry schafer, bruce jep century. kerry, isn't it a problem when our enemies are more powerful

than we are? >> it is. this metric is one of many other things. we can pick through the list. when this president leaves office we'll have it's ironic that the president said we are pulling out of foreign entanglements like afghanistan in order to strengthen things at home. that hasn't happened. investors will take note. >> it's called leaving from behind. isn't it better for the world and the economy when we're on top? >> i think power when it comes to presidents is over rated. there is a belief that presidents create jobs and prosperity. the reality is we are the prosperity. we create jobs. a president that sits back and does nothing tends to see a lot of economic growth, simply because he's getting out of the way. >> jobs aren't created when the world is a more dangerous place. it is a more dangerous place when bad guys are on top, isn't it? >> it's something ronald reagan knew. i bet he would have been number

one on the list because largely our economy would have been growing much faster and had been much stronger. also he had the big defense build-up that made the country safer. >> e-mac, there is a strong economic part of this. reagan was a powerful president, top of the list. he had a string of victories around the world starting with the demise of the soviet union that empowered the economy of the world. places like eastern europe and russia itself were churning stuff out that they couldn't before. >> you're right. the president is notably down beat constantly when he talks about america. he says, quote, america is chronically dissatisfied with itself. it's a self-critical experience. this is a finger wagging outlet the president had about america. the idea of american exceptionalism is centered in his own personal life experiences. listen. he's had a disregard for the moral purpose of america. he's had a disdain for it.

to legitimize iran and try to make a terrorist rogue regime as part of the new international world order and not speak up for iranian students who testing against iran and try to peacefully integrate cuba who continues to attack the united states time and again his outlook has basically legitimized our enemies and people are really bad for world peace and under cut the u.s.'s moral efforts. >> there is no doubt there is a string of foreign policy failures by this president because of the fact that he's not powerful, he's leading from behind. and we have less influence in the world as a result. does that make the world a less rich place, a less welle think place? >> yes and no, david. i'm concerned to see putin at the top of the list. it makes you worried for our security and global security. we'll see how a list like this evolves. to john's point part of what makes investors want to invest

in the united states isn't simply our president but the kind of enterprise we have here. perhaps uber should be at the top of the list like this. that's where we are seeing economic growth and change. that would be interesting to see. >> let's take off some of the failures that we have had. the russian reset. i think most people admit that was a failure. ukraine, russia went in. we didn't want them to. russia went in. they may go further in the baltics. there is the red line in syria. do you remember that? i could go on and on. there are a lot of failures from this administration. it doesn't make the world better off, does it? >> in this list, putin is top of the list. it's said in there he does what he wants and gets away with it. >> it's called influence. >> when he passed the hillary clinton law and put a bullet in bin laden's eye -- >> hold on.

he didn't do it. the navy seals did, my friend. >> he did the order. obama doesn't have a mandate like putin does. we are still the richest country in the world. >> go ahead, e-mac. >> the anti-american forces in the world, what they have done in terms of territory, seizing territory, land grabs. seizing real estate. russia is doing it, china. it is happening in the middle east with isis. it's happening in libya. it's happening in afghanistan. anti-american forces are grabbing territory. >> bruce says putin has a mandate. he made his own mandate. our president is mr. mom and putin is wrestling tigers. angela merkel had tough decisions where she had to be disciplined.

>> when you can influence things like trade treaties for example. isn't it better for the economy than when you don't have that influence? >> oh, yeah. you don't have to be a powerful person. >> you can't get deals you like unless you are a powerful person. >> so obama -- i'm not defending him. he got us the trade pac from china. compare it to romney who ran against him who wanted to get tough on china. i think we have to get back to something important. reagan's favorite president was calvin coolidge who sat back and let real wealth create wealth. this stuff did you want work. >> we want a president of the united states that will be atop the list because of the liberty he gives people because of economic reasons. we don't want someone like putin who sits atop the list because

he's a tyrant. >> can't you do both? i hate to go back to reagan but he's an example of a guy -- the first two years he was president we were in deep recession in 1981 and 1982. those were the times he was empowering the position of the united states throughout the world. >> we can do both and we need to do both. i think we also have to really open our eyes and see the power structures are changing. with the global operations which we don't have control over in any substantive way. >> i saw john shaking his head on that one. >> reagan inherited a world. let's not compare isis. there is no comparison.

reagan would be far less interventionist because there is no pou to intervene. >> we don't really know that. >> iran and russia are brokering a toxic relationship. we are not stopping it from happening. like you said, i'm sorry, not sorry. obama likes to say so and so dictator will be on the wrong side of history. >> we have to wrap it up. i stand by the forbes power figures by the way. donald trump making a bold claim against the fed not raising rates. is he right or wrong? >> they are not raising them because obama has asked them not to raise them.

janet yellin is highly political and isn't raising rates for a specific reason because obama told her not to because he wants to be out playing golf in a year from now and he wants to be doing other things and he doesn't want to see a big bubble burst during his administration. >> blunt comments from the donald. i don't think he knows any oh kind, by the way. accusing head chief janet yellen of risking the economy to save president obama. mike, right or wrong? >> trump is spot on with his comments about the fed. the fed's policies by keeping industry rates so long enabled obama to borrow unprecedented amount of money to redistribute

it with his entitlement programs. it really hurt the economy. this is the worst recovery since the 1930s. we have the lowest percent of the labor force participating in the labor market that we have ever had. >> well, bruce, we have seen in history other fed chairs trying to help out the guy that appointed. i'm thinking of president nixon who hired arthur burns. he was alleged to have done that. is it happening now? >> no. i don't think so. this ranks up there with trump's birth certificate comments on the president. this is ridiculous. she's not raising rates because the economy is softer than people would like and inflation is low. now with the jobs report out this week, i think she'll probably raise rates through december just a little bit. trump will go back to whatever he's questioning out there. >> one thing is for sure. with zero interest rates which we have had for the past six

years now, savers are being killed. it's been like that for a long time now. look at the chart. >> it certainly discourages people from saving which is not what we want government to be doing. this is interesting. i have not been a huge trump fan. i have said it before. more and more he's hitting the nail on the head. whether you like his style or he's talking to conservatives or whomever is when you manipulate the interest rates we distort the investment market. that's concerning. yes, people maybe aren't saving as much. the money is going to nonviolent entities or government, that doesn't help either. >> government can borrow practically nothing at no expense. they are borrowing more and spending more. by the way, the excuse for these interest rates is the economy was hurt. we have jobs numbers on friday where the unemployment rate came down. >> i think trump's heart is in the right place.

he's predictably confused. the fed could no more stimulate the economy with rate machinations than congress can with spending. congress has no re sources. neither does the fed. they can only weaken the economy by trying to manipulate it. so the fed, being active, is weakening the obama economy, not helping it. >> keeping rates at zero is hurting the people who have savings out there. they are not making money. >> then they go out on the yield curve and rip the investments. getting back to the issue of janet yellen being political, if she raises rates she can say, no, i'm not political. they may raise rates in december a quart point, not much. she has given speeches about income inequalle ti right before the midterm aleks of 2014. janet yellen was a chairperson of clinton's council of economic advisers from 1977 to 1999.

>> it's clear she's on the democrats' side. >> it's true. on the interquality issue she politicizes things. i disagree with trump on the issue of zero interest rates. they were in place in the bush administration. this has to do with a soft economy. you put it out yourself, mike. this is a weak recovery. we have an enormous job relative to other recoveries. >> i think we all agree on that. the fact is there are other ways to stimulate the economy in ways that don't kill savers. for example, lower tax rates. >> carrie and john didn't listen to trump. trump said the fed's involvement is what's screwing things up and keeping the market from normalizing. it's preventing us from a free market which is why we have such a bad economy. if they would get out of the way, the economy would be much stronger. >> john, i think you want to agree. >> i do. but trump can't have it both ways. if yellen is helping the economy

just say that. she's not. the fed; by definition is weakening the economy by intervening. i would say the role is shrinking. it's not presumed the fed stimulates growth. >> that's pointing out the fed can create $4 trillion in reserve. a lot of that went to government debt and help with government spending as the bank rules and regulations locked the reserves. >> no doubt we'll see more about the fed in this tuesday's republican presidentialle debate. watch it on fox business network. this is the only business network for all of america. we'll see you there. coming up here, the "cashin' in" gang ready to roll at the bottom of the hour. eric, what do you got? >> if you don't agree you don't deserve your job. some on the far left want don lemon and "the view" co-host raven simone fired over what they said about this controversial video. is this out of control? and a jobs plan you may not

like. why it's easier for ex-cons to get government work. see you at 11:30. >> next on forbes, critics have been warning us about china cheating on climate change for a while. forbes has the proof next. the only way to get better is to challenge yourself,

and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. china is cooking the books on coal. they are under reporting how much coal they use by 17%. the news as the u.s. gets ready

for the climate change summit mitt at the end of the month. is it time to stop making phony deals on climate change? >> it is. china is joining other nations saying essentially we will not sign a climate change deal unless america and other developed countries pony up $100 billion each or whatever the number is. china's carbon emissions, by the way, has outstripped most of the other developing world combined in the last decade or so. they are a smaller economy. china is only promising by 2030 to basically start curtailing, you know, carbon emission levels. but what level will they be at by then? >> surprise, surprise, they are cheating on the numbers. we knew they were cheating but not this much. why make a deal with somebody cheating on the numbers like this? >> listen. they are a big player. we need to continue to engage them and be diplomatic about this. we can't just walk away and not talk to them. it's important that we continue to engage them and go through diplomacy and continue to do

that. >> mike, you think income redistribution is at the heart of this. for years the obama administration told us the ice is melting. there is actually more ice. they use it to increase regulation and taxes to funnel money to his friends who make solar panels and punish coal companies. >> a lot of deals have the idea of moving money from rich to poor countries. >> don't make the deals. let's chaer on china. here is a once desperately poor country that increasingly is embracing the profit motive. this is a great thing, not a bad thing. >> they are cheating and if we are making a deal with cheaters and the epa is pushing this down

the throat of taxpayers it's costing us all. >> this is why your power is slipping. i'm sure they are laughing at us. the united states cut their emissions. they are supposed to start thinking about making changes and if they don't we have no resource. >> we are going to paris for the deal make sessions and the chinese will be part of it. shouldle we make deals with them. >> no. all those are questionable. whether it's their dvp figures, emissions. they make ghost cities to make up that there are people living in places where they are not. it's highly questionable. the rule of law isn't prevalent there. we need to have a question mark over every deal. >> you think the 17% is under valuing the amount of coal.

they may be cheating more than that. >> it's probably double or quadruple. we don't know. >> eight in ten shoppers clipping coupons to cut spending. spending. at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. spending the day with my niece. that make me smile. i don't use super poligrip for hold, because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well fitting dentures let in food particles. just a few dabs of super poligrip free is clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. try super poligrip free.

at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. we are back with the picks to help save you from clipping coupons. kindermorgan? >> it transports energy products like oil with a nice dividend yield of nearly 6%. >> that's a big yield. what do you think? >> it's a well run outfit, david. i'm concerned that in the shortle term energy prices will fall hurting the stock. >> you believe in diversification. this fund has it. >> i'm a scaredy cat because of the market. this is a vanguard fund that

invest s in other vanguard funds. across a broad spectrum of stocks and bonds. >> as diversified as you can be. >> double check the holdings, but i like it. >> that's it for "forbes on fox." have a wonderful weekend. keep i......... the number one business block continues with "cashin' in." remember the come who was fired over the incident with the unruly student? there were media types suggesting there may be more to the story than just that short video clip. >> i think there is context to everything. i will like to see what happened before and what happened after. i do agree with everyone including the commissioner and tom, it does look horrible. it does look like there is no excuse for what he's doing to her. again, we don't know. >> the girl was told multiple times to get off the phone. there is no right or reason for him to be doing this type of harm. that's ridiculous. but at the same time, you've got to follow the rules in school. >> those comments aren't sit