mitva. >> you are looking handsome this morning. >> i am in nebraska. >> forbes on fox is next. here's dave. she was the first democrat telling entrepreneurs that you didn't build that. now elizabeth warren is saying >> china invested 9 percent of the gdp in infrastructure. america we are at 2.4 percent. we can do better and build a strong economy and get people in massachusetts to work. >> former assistant to president obama is running for a senate seat in massachusetts saying we need to be more like china to juice up the american economy . is she right or wrong. we'll go in focus with steve

forbes. with elizabeth and rick and steve and rick. >> steve, is china our economic model. >> no, thanks to elizabeth warren and her kind we don't have the money china is trying to catch up with us if we want to spend money on the private in42 structure and how about the highway trust fund instead of light rail let it go for highways. remove obstacles that she put in the way for. >> morgan, we don't have to look abroad to china, we have to get back to our old roots. >> she's not necessarily saying we need to spend nine percent of gdp. >> sounds like she said we have to be more like china. >> no, countless reports it doesn't matter if you are democrat and republican, our country is in a staste

disrepair. we have power grid that threatens black outs roads and bridges in disrepair it is not a story of infrastructure alone, it is about jobs. that's the point she is trying to get tomp construction industry lost five million jobs. >> we have to work it around. emac, i want to get to you it is a question of infrastructure and how much we can afford andective it is. >> elizabeth warren is talking about raising taxes to cut the deficit one trillion. china is a bad example. it is a country littered with ghost towns and airports that sit no where near any of those tounce and 9 percent. really, china is spending 9 percent? they are fake numbers over there. it is like the peoples republic of enron. newt gingrich and mitt romney was for it shut down the

buildings and get infrastructure and good spending. >> rick unger, should we be more or less like china? >> it is not about that. china companies off of a bridge. >> that's what elizabeth warren said. >> we are reacting to elizabeth warren. >> she's right we need infrastructure investment and you are agreeing with that. we don't think the government is doing that greatest a job. there is no getting around the fact that our infrastructure is falling apart. and will turn us in a third world counselries. would we not all agree we can't afford not to make an investment if we have business in the future. >> the question is whether we should become more like a third world country like china that is spending so much gdp on infrastructure. >> china's policy is fail

spending money on infrastructure where no one lives. japan tried this and it also fail would. if there is a counselry to emuate is estonia. their gdp is growing a 10 percent compared to 1.5 percent for the united states. >> i want to emulate the united states. victoria. the fact is, what emac said is true. a lot of states out of china. and the more we hear about the high speed rail program that is pushed by president obama as part of the infrastructure build out, the less good it seems, there is it a lot of problems with the high speed rail and that is just the tip of the iceberg. >> absolutely, and that is the whole problem. hey, rick, you talk about fixing our ailing infrastructure and you put that money in the hands of politician. they will not fix the 101 or create.

they will create a high speed rail that they can put their namos that we don't need. >> where do you want to give the money to? >> it goes to the wrong places. shovel-ready jobs, even the president acknowledged they were not shovel ready and that money hasn't created jobs it is not a fix for jobs. it creates problems with money we don't have. >> the problem and what victoria is getting to, when you put it in the hands of the government they spend it in wrong places and on high speed and wind mills that don't create the jobs. they spend it on a lot of things rather than the roads and bridges. >> tell us who to have our infrastructure then. i am listening. >> the government shouldn't allocate billions it doesn't have. steve? >> i will say, private industry. >> public and private partnerships and they will

build the hoyce and make money off of the highways and keep them maintained because it is in their interest to do so rather than the politicians that milk for the next election. >> morgan is about to jump over the table. >> for that to happen, public private partnerships needs public spending. it doesn't have to be the level of china. >> how about none. >> and private sector comes in. >> and emac it is well allocati. we have a government that is spending on thangs don't work like solsoland wind mills and high speed rails. that's the problem. >> vice president biden weatherization plan that only created 7 jobs after millions dumped in new jersey didn't work. i do agree we need to fix our road bridges and we are not doing a great job of it and the other infrastructure spending get the oil and gas

spending up running and pipe lines and more of our energy used here in the united states instead of going to china. >> victoria, one of the problems it used to be the jobly of communities, states and communs to fix their own roads and now the federal government has come in as they did with un. a lot of other thing to try to fix it and in many kays done just the opposite? >> right. i think they have. the states are a mess and the federal government. we are a debtor nation to china, right. we do i want have the luxury of looking at the country that we owe money to and say we want to spend like you. think of an individual doing that it doesn't make sense. you don't have the money to do it now. >> isn't it better to put the project hands of the local governments who will watch over the projects more carefully thant fes? >> of course, and the entire fallacy to the obama administration that spending

creates jobs it is capitol formation and businesses creating companies or expanding their businesses. don't forget. the reason why we went on the unprecedented borrowing and spending binge because the president said he need tod do it to keep unemployment less than 8 percent. we found it went up to 8.3 percent. >> to vicki's point of putting in the local level. you risk having more politicians put their names on bridges and roads. i don't care as long as they get the job done. >> wouldn't it be care if the local community takes care. >> i am okay if it is local oritate picket. we are complaining about the government and in the mean time bridges are falling down. don't you think we pick a direction and go there. >> who is to blame there? who is it? >> you pick a positive

direction. and stop the president for spending the deficit. >> the administration submits programs for infrastructure and they . and congress rejected it >> it is congress's falm. >> no. it is not. >> and a lot of that money was wasted, too. taxpayers shelling out a year for out of work americans someone said this chart proves it is it a waste of money for all americans, that's next . down here, folks measure commitment by what's getting done. the twenty billion doars bp committed has helped fund economic and environmental recovery. long-term, bp's made a five hundred million dollar commitment to support scientists studying the environment. and the gulf is open for business - the beaches are beautiful, the seafood is delicious. last year, many areas even reported record tourism seasons. the progress continues... but that doesn't mean our job is done.

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>> live from america's news head quarters. new claims iran it successfully test fired and improved short term missile this is video showing what the government claims is the successful launch. the nation's defense minister said the missile is more accurate and has a range of

185 miles and potentially putting the navy's fifth fleet in barain in danger. and the colorado shooting rampage, investigators telling one of the family members johnathon blunk may have died trying to stop the shooter and the university of the colorado now hired a former u.s. attorney to review the handling of alleged shooter james holmes. i am heather, more at 1:00 eastern. back to forbes on fox. >> well, the unemployment rate ticking up again. 13 million out of work and that's why washington is spending 20 billion a year on 47 separate job training programs to help americans find work. but john tamy said those are not working. can you prove it? >> i don't need a chart to

prove what is obvious. you are asking government officials to train people for a market place they don't understand. by definition, their training will focus on the jobs of the past rather than the jobs of tomorrow. we would reduce the burden on businesses so that businesses with an eye to the future can train workers with an eye toward jobs that they need to fill in the future. >> rick, surprise, surprise, a government program is inefficient and not working right. >> i am going to give governor romney a little love. he exteles - extolls the importance of education. and he talked about job training programs. in the same senator coburn suggested that it could work better on the state level. i am okay with let's not get rid of job training it is important in this particular

time f. you want to change and move it to the states tis it all good. but not say they are useful. >> steve at a time when every dollar counts are we getting the money out of the programs in >> no. they don't see how effective. they spend the money and ask for more. why do we need the training policy. they are impeding the economic recovery. focus on getting the economy moving and companies will train the workers they need. morgan, are the jobs programs worth it? >> they are. we don't know how well they are working or not working. there are reforms to take place. they are working. we have a glust unemployed people. especially long-term unemployed people that could use the training. it is short on workers and we could be training these people for the jobs. 18 billion spent on work

training programs a year. look at unemployment benefits that are paid. i will take the work training. >> we may not have accurate numbers. but we know about the stimulus job's program where we didn't get no where near the number of jobs created that the government said we are getting. they have numbers of jobs on the books that are there. can you believe anything that the government does. it is common sense. they fail because the decisions on how the money is allocated is based on politics and not profits. and in a capitalistic economy you have to max myself the profits. >> emac i am skeptical of business schools and they may train you and pend time and money training you. but in the end, as with the job's programs . 38 percent of the people that

did get jobs, didn't get jobs relate totted training. does the training really work? >> i are to say the jury is out. we really don't have auditor reports say is a great or bad thing. i tend to say no, they are a waste of money . look at vice president biden supposed to create 134 million jobs and only 7. and china, it is like a moth in a hurk cane to figure it out. >> the wall street journal proved one thing, john, that the government claimed 732,000 jobs and wall street journal went to the so-called jobs and called people up and went to the various projects and found only 300 where as the obama administration said there were 7000. >> you can always point to jobs that government creates, what is left out is the job

that is government destroyed by misallocating the capital fumpt want to be a job trainer for the government can have a clue about what businesses are going to need in the future to train workers is laughable. this should notine be discussed . >> hold on, rick. >> i don't understand how they can't know what jobs are needed. >> they work for a burrcracy. >> you may argue that they have a brain. i believe they can get the information and figure it out. anything and everything the government does, you guys say are terrible. >> not true. wait a second and that is not true. >> even a bar and claw. >> i know what you are saying, you are painting a broadbrush. we never said everything that the government does is bad. in instances like this they

can be wasteful. >> the question is, it is a fair question. can a guy sitting in a burrcracy in washington identify with the job market at this point? >> of course not it changes so rapidly, david. that's what entrepreneur ship you have a dynamic economy which we used to have and don't anymore. more and more is dictated from washington. >> this economy is forcing one in four adults to live with the parents. why is that great news for the economy? you will find out. and a simple new directive for burrcrats who are not paying the tax bill. pack your bags you are fired . a♪ check out the bass pro shops fall hunting classic, our biggest hunting event ever.

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>> work for taxpayers and

don't pay your own taxes. difthey are reaching financial highs with the stocks that pay you . back

>> do you know that the federal government workers owe a billion dollars in back taxes? >> now law makers upon them to pay up or ship out. it is firing tax dead beats. and steve forbes is all for temperature why steve . if you are working american government. you have problems apply and you shouldn't spend it and too often wasting it >> victoria. it sounds like something donald trump would accept . >> it sounded reasonable. and i think that this is an instant where the private and

public sector shouldn't be viewed in the same way. and this is an instance where they should be treated the same. i don't think your employer should fire you. you need to deal with it with the i.r.s. and the i.r.s. should go after the employees. it shot should not be a way to fire them. >> emac. >> i say fire them. the same 100,000 workers and contractors by the way. you have to include contractors have been cheating the government since 2004. and even president obama haded a companion bill back in 2007 when he a senator. >> steve forbes is right. you will not believe what they forgot to include. congress. they are federal employees. >> i think we all agree to put

john in there and why agree with him on that one. >> absolutely. if we add congress it is better. but elizabeth is right. fire them not only for evading taxes but fire them because they are government workers and they are too big of a burden on the rest of the taxpayers. we'll notice a better economy as the size and scope of government is reduced. >> victoria, there is a difference for government workers. they work for all of us. we pay their bills. >> absolutely. absolutely. they are pay taking taxpayer dollars and not paying boo the system. i agree it is. you want to takital ept in the public sector, the rules are more or less the same. >> you are attracting talent and tax cheats and crooks.

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dividends hitting an all-time. and that's where you are tuning n. morgan, why do you like it? >> i think it is a slick oil stock and had strong earnings. >> slick oil, very funny. yes, i like the stock. >> two for two. you like cumins as well. they make and sell. >> you like it it is